基金持有人机构化指的是基金持有人中的机构持有者所持有的份额不断增大的趋势,基金持有人机构化会对基金产生很多影响,其中包括对基金资产组合及其投资行为的影响。本文首先对我国基金的发展状况进行简要评述,然后对所选取的基金两个不同年度的资产组合状况进行分析,最后对基金持有人机构化所产生的另外一些影响进行了分析。 Institutionalization of fund holders refers to the trend of increasing share held by institutional holders among fund holders. The institutionalization of fund holders will have a great impact on the fund, including the fund’s asset portfolio and The impact of its investment behavior. This article first makes a brief comment on the development of China’s funds, and then analyzes the conditions of assets portfolio in two different years of selected funds. Finally, it analyzes some other influences caused by the institutionalization of fund holders.