Electronic affects the liquidity through improving the market transparency , accelerate more active investment and self - fulfilling of liquidity . the emprical results from the his market show that electronic trading can bring down the bid - ask spreads of securities tradings 电子交易对证券市场流动性的影响，主要是通过提高市场透明度、投资者的积极投资行为以及流动性的自我实现等方面体现出来的。
Firstly , the author evaluated the fund through the technology and tested it with examples . basted on the capital asset pricing model and the theory of portfolio , the paper used the ratio of profit according time to evaluate the profit ; used the a and 3 to evaluate the risk ; used the sp , tp , a p to evaluate the profit according to the risk ; used the ability of liquid and so on to evaluate the fund portfolio . otherwise , the author corrected the asset of fund according to the specialty of our country 技术面评价以证券投资组合理论和资本资产定价模型为基础，运用时间加权收益率对基金收益进行评价；运用系数、系数对基金风险进行评价；运用夏普指数、特雷纳指数、詹森指数、积极投资效率指数对基金进行收益和风险配比评价；运用基金平均市盈率、股票集中度、股票日换手率、基金流动性和基金平均涨幅对基金进行组合质量评价；并根据我国股市的特点对基金净值进行修正计算，对基金实际价值进行评估。
We seek to make investments across the food , beverage and related industries and actively pursues the following : manufacturers of institutional foodservice or private label products , distributors of all types , including broadliners , system specialists and product specialists , manufacturers / marketers of regional branded products , manufacturers and distributors of foodservice equipment , vegetable , fruit and dairy processors , dedicated system suppliers , co - packers for major retail and foodservice companies 投资方向：食品、饮料和相关工业，我们还积极投资如下方面：食品和标签产品的制造商、各种类型的发行人、当地品牌产品的制造商、食品设备的制造商、蔬菜和水果和奶制品的处理机、专用系统供应商等。
In essence , the indexing investment is a passive investment strategy , and corresponding to the positive investment which is through active research and analysis ( including technical analysis and fundamental analysis ) to achieve excess return of stock market 从本质上讲,指数化投资是一种被动投资( passiveinvestment )策略,而与之相对应的积极投资( activeinvestment ) ,则是通过积极的研究和分析(包括技术分析和基本分析)来选股和择时以获得市场超额收益的一种投资模式。
The reason why the return to investment fund is not better than to the average of the market is : the competition of investment funds is severity ; the invest idea and style is multiplicity ; the capability of selecting the opportunity of security market is not notability and the ability of stock selecting emphasize the risk decentralization , not the income 基金组合投资绩效不理想原因如下：我国证券市场的竞争日益加剧，且基金的资金量庞大，试图获得超额收益已越来越难；基金的投资理念也由积极投资一统天下转向投资风格多样化；从基金的运作来看，基金的市场时间规划效果不明显，股票选择侧重于风险分散。
The rise of the central region not only is the need of coordinated development of regional economy , at the same time , also the need of comprehensive construction well - off society , the necessary choice of enhancing national competitive power and guaranteeing social stability . the development of the west strategy implements further , the domestic overall living standard gets obviously high level , but the connotation and strategic meaning of west big development policy not only are restricted in the development of western area , the development of the west strategy has brought enormous opportunity and challenge for central development , using the market space which west big development provides , the middle area should place oneself in the western big development , promoting its own development and enhancing the confidence and determination of speed - up development in the big development strategy . implementing middle rise strategy , east leading and west following on the base of clear localization , speeding up strategic step of industrial structure adjustment , improving investment environment , invest west market positively , implementing sustainable developmental strategy 西部大开发战略的进一步实施,国内人民生活水平总体上有明显的提高,而西部大开发的政策内涵和战略意义并不仅限于西部地区的发展,西部大开发战略给中部大发展带来了极大的机遇和挑战,利用西部大开发所提供的市场空间加快自身发展,在明确定位的基础上实施中部崛起战略,实施东引西联,承东启西的战略,加快产业结构战略调整步伐,改善投资环境,积极投资西部市场,实施可持续发展战略,中部作为一条新生带正在崛起,面对西部大开发的热潮,我们需要客观地看待中西部发展的关系,重视中部地区具有承东启西、 “二传手的作用” 。
The evidence from the regression of multiple and fixed effects model demonstrates that funds ’ abnormal return of last year , depreciation rate , unit net asset and fund manager ’ s working experience have close relationship with fund performance , aomg which , the former three factors have positive relation 通过多元固定影响模型的回归分析证实,基金上一年度超额收益、折价率、单位净资产以及基金经理从业经历与基金绩效密切相关。在基金上一年度超额收益越多、折价率越高、单位净资产越多的情况下,基金经理越有可能采取积极投资策略,选择更加优化的投资组合,赢得更好的投资组合收益。
