随着居民收入的提高,一般家庭与个人已不局限于把收入用于储蓄或消费,而是将其中一部分投入资本市场以期获得更丰厚的回报。投资基金这一创始于1868年,第一次世界大战之后兴盛于美国的现代投资工具,随着改革的浪潮,于90年代初开始进入中国,并在短 As residents’ incomes rise, ordinary families and individuals are no longer confined to using their incomes for saving or spending. Instead, they invest a portion of them in the capital markets in return for more lucrative returns. The investment fund, a modern investment vehicle founded in 1868 and flourished in the United States after the First World War, entered the China market in the early 1990s in response to the wave of reforms