联系我们

论文查询结果	返回搜索

论文编号：	12980
作者编号：	2320190563
上传时间：	2021/12/16 12:47:25
中文题目：	投资者购买信托产品组合策略研究
英文题目：	Research on the Strategy of Investors Buying Trust Product Portfolio
指导老师：	李莉
中文关键字：	信托产品；净值化管理；组合策略
英文关键字：	Trust Products; Net Worth Management; Combination Strategy
中文摘要：	摘要习近平总书记在党的十九大强调指出，决胜全面建成小康社会，必须打赢三大攻坚战，其中一项重要内容是防控金融风险。同年中国银保监会发布《信托公司资金信托管理暂行办法（征求意见稿）》意在限制非标资产投资规模和对信托产品采取净值化管理模式，对信托公司要求转型，平衡发展非标和标准化信托产品，并在年底颁布《中国银保监会信托公司行政许可事项实施办法》引导信托公司强化合规经营理念、鼓励信托公司开展本源业务。这不仅让信托公司在拓展信托产品时要转变和创新，也让投资者，尤其是客户数量占比高达95%的个人投资者，对新形势下信托产品的投资方式也产生较大变化和困惑，如何在投资信托时更好的提高收益并且降低风险是个人投资者较为关心的环节。本文在贯彻中央经济政策和监管管理措施的背景下，结合当前信托转型的实际意义，选取在行业中位置靠前、发展稳健、数据较多且股东背景为国企，具有地方性特点的主营信托产品为基础产业和债券类的信托公司——SZ信托公司做为优化问题的典型的研究对象。先回顾和梳理相关知识理论，了解理论的适用性和局限性，结合公司和行业实际现状，通过对比各项数据提出现阶段公司组合策略存在的问题。针对问题采用经典投资组合理论和资本资产定价模型的方法对信托产品收益率等数值进行分析计算，取得其平均收益率、方差、协方差等数据，对标行业数据为参照对象，将SZ信托公司的各类型信托产品的投资组合比例进行优化，以此得出解决个人投资者在不同情况下的最佳投资组合策略方案，并对实施方案的前提条件提出相关建议和保障。最后，本文对投资信托产品组合策略研究进行总结，并对个人投资者投资选择和公司未来发展进行展望。本文结论表明，在压缩非标准化产品的同时，要逐步提升债券类产品和股票类产品的配置比例，其中债券类增加的份额要快于股票增加的份额，而股票类型的产品还需进一步多元化，按照该组合策略实施可以有效的降低投资风险，并且提升组合整体收益率，让个人投资者可以更科学更合理的购买信托产品的同时也对信托公司在产品结构的未来发展和转型上具有一定的实践价值和参考意义。
英文摘要：	Abstract General secretary Xi Jinping emphasized in the nineteen major points of the party that we must win the three major battle to win the battle to build a well-off society in an all-round way. One important content is to prevent and control financial risks. In the same year, the China Banking and Insurance Regulatory Commission issued the Interim Measures for the administration of fund trust of trust companies (Exposure Draft), which is intended to limit the investment scale of non-standard assets and adopt the net value management mode for trust products, require the transformation of trust companies, balance the development of non-standard and standardized trust products, and promulgate the measures for the implementation of administrative licensing matters of China Banking and Insurance Regulatory Commission trust companies at the end of the year Guide trust companies to strengthen compliance business philosophy and encourage trust companies to carry out original business. This not only allows trust companies to change and innovate when expanding trust products, but also allows investors, especially individual investors with 95% of customers, to have great changes and confusion about the investment mode of trust products under the new situation. How to better improve returns and reduce risks when investing in trust is a link that individual investors are more concerned about. Under the background of implementing the central economic policies and regulatory and management measures, combined with the practical significance of the current trust transformation, this paper selects SZ trust company, which is a trust company with advanced position in the industry, stable development, more data and shareholder background as a state-owned enterprise and local characteristics as the basic industry and Bond Trust Company, as the typical research object of the optimization problem. Firstly, review and sort out the relevant knowledge theory, understand the applicability and limitations of the theory, combined with the actual situation of the company and the industry, and put forward the problems existing in the company's portfolio strategy at the present stage by comparing various data. In view of the problem, the classical portfolio theory and capital asset pricing model are used to analyze and calculate the yield and other values of trust products, obtain the average yield, variance, covariance and other data, take the standard industry data as the reference object, and optimize the portfolio proportion of various types of trust products of SZ trust company, In this way, we can get the best portfolio strategy scheme to solve individual investors in different situations, and put forward relevant suggestions and guarantees for the preconditions of the implementation scheme. Finally, this paper summarizes the research on investment trust product portfolio strategy, and looks forward to the investment choice of individual investors and the future development of the company. The conclusion of this paper shows that while compressing the non standardized products, we should gradually increase the allocation proportion of bond products and stock products, in which the increase share of bond products is faster than that of stocks, and the stock products need to be further diversified. The implementation of this portfolio strategy can effectively reduce the investment risk and improve the overall yield of the portfolio, While allowing individual investors to purchase trust products more scientifically and reasonably, it also has certain practical value and reference significance for trust companies in the future development and transformation of product structure.
查看全文：	预览  下载(下载需要进行登录)