An Empirical Analysis of the Conservative Investment Mode of Open-Ended Fund
Guangwei Wu · Journal of Shanxi Finance and Economics University · 2007
As an investment mode,conservative investment style had been only limited to some theoretical aspects all through.On the basis of Markowitz's mean-variance model,this paper adds the factor of liquidity,explores the construction of conservative investment model,and does the empirical study finally.The study establishes a two-dimensional and three-dimensional available boundary of portfolio,and reaches a conclusion that the three-dimensional portfolio model possesses some advantages in the investment practice.