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在我国,投资基金是近两年发展起来的一种新型的投资方式,备受投资者青睐,发展速度惊人。本文将对投资基金的性质、涵义及它在我国的发展现状等几个问题作简单介绍,为推动投资基金市场的形成和发展提供一些思路。 一、投资基金的性质和涵义 投资基金是一种由非确定多数投资者不等额出资汇集成一定规模的信托财产,交由专业性的经理人主要投资于各类有价证券上,获得收益后由投资者按出资比例分享的一种投资工具。简言之,投资基金具有如下特征:（一）从非确定多数的投资者手中募集资金,设立基金;（二）基金经理人运用该基金投资于各类有价证券和其他行业;（三）组合投资即分散投资于各种不同的投资对象以降低风险;（四）将收益分配给投资者。投资基金是一种独特的筹资方式,既不同于银行储蓄与各种债券筹资,也不同于股票股权式筹资,它是通过发行“受益凭证”募集中小投资者的资金,有一定的存在期限（股票无期限）,但无固定的事先确定的收益（存款和债券的收益事先固定）,而且还赋予投资者类似股东的部分权利。因此,从性质上看,投资基金既非简单的信贷投资,又非单一企业的股份投资,而是一种集债权、物权与股权为一体的集合信托投资方式,是一种“受人之托,代人理财”性质的专家代理投资经营制度。 投资?
In our country, the investment fund is a new type of investment developed in the past two years, attracting investors and developing at an alarming rate. This article will brief you on the nature and meaning of investment funds and the status quo of their development in our country so as to provide some ideas for promoting the formation and development of investment fund markets. First, the nature and meaning of investment funds Investment funds is a non-identified by the majority of investors not equal to the amount of capital pool together into a certain size of the trust property, professional managers by the main investment in various types of securities, access to income An investment vehicle shared by investors on a pro-rata basis. In short, investment funds have the following characteristics: (1) to raise funds from non-designated majority investors to set up funds; (2) to use fund managers to invest in various types of securities and other industries; (3) Portfolio investment that is diversified investment in a variety of different investment targets to reduce risk; (four) the proceeds allocated to investors. Investment fund is a unique way to raise funds. It is different from bank savings and all kinds of bond financing, but also different from stock equity fund raising. It is to raise funds for small and medium-sized investors by issuing “Benefit Certificate” and has certain existence period Stock without term), but without a fixed, predetermined return (deposits and bonds yield fixed in advance), but also to give investors some of the rights of similar shareholders. Therefore, from the nature, the investment fund is neither a simple credit investment nor a single enterprise’s share investment. Instead, it is a collective trust investment method integrating debt, property rights and equity. It is a kind of “ Care, on behalf of financial management, ”the nature of the agent investment management system. investment?