论文部分内容阅读
在2005年一季度的股市大幅震荡中,重新盘点2004年的基金表现仍然不乏意义。在基础市场走势震荡加剧、市场估值结构面临长期重构的情况下,基金作为市场上最具实力的专业投资者也面临着艰巨的考验。这一境况在2005年仍在延续,同样的,股市的不确定性也将继续考验基金的投资智慧。我们或许可以从对2004年的回顾中发现一些线索。
In the first quarter of 2005, the stock market sharp shocks, re-inventory of fund performance in 2004 is still no lack of meaning. As the market volatility intensifies in the basic market and the market valuation structure is facing long-term restructuring, the fund, as the most powerful professional investor on the market, is also facing a daunting test. This situation continues in 2005, and similarly, the uncertainty of the stock market will continue to test the fund’s investment wisdom. We may find some clues from the 2004 review.