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较美国而言,国内的市场中性策略尚属新兴的投资策略类型,本文将对两国行业状态进行研究、阐述和比较,重点从基金业绩、风险、组合、费率等方面对该类基金进行深入研究分析,最终得出结论:国内有效对冲风险的工具有限,频繁交易削弱了基金收益,体现出规模小、费率高的特点,因此总体规模的提升仍需等待对冲工具的进一步松绑和多样化。
Compared with the United States, the domestic market neutral strategy is still a new type of investment strategy. This article will study, explain and compare the status of the industries in the two countries. The focus will be on the performance of such funds in terms of fund performance, risk, portfolio, In the end, it is concluded that there are limited domestic tools for hedging risks, frequent trading weakened fund returns, small size and high rate of fees. Therefore, the overall scale upgrade still needs to wait for the further relaxation of the hedging instruments and diversification.