Research on the Connection relationship between Private Offering Fund and Share Price Index Futures

DOI

10.2991/msetasse-15.2015.190How to use a DOI?

Keywords

Private Offering Fund; Index; Granger causality test; Cointegration; VAR

Abstract

With the deepening of the reform of China's financial system, private offering funds have been becoming an important part of China's financial system, but there is little research on the index of private offering funds. This paper constructs an index, which covers 86.87% of the private funds for futures strategy, can better reflect the performance of those kinds of funds. Through Granger causality test, the IFLX1(a kind of share price index futures) is a factor that affects the performance of private offering funds in the short term, and in long term they are both factors to each other. The establishment of private offering fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. A scientifical private offering fund performance index does not exist at present, so this paper introduced the performance index of private offering funds to improve the financial indicators system.it has a strong theoretical and practical significance.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fei Guo
AU  - Li Zhou
AU  - Hong Zhang
PY  - 2015/11
DA  - 2015/11
TI  - Research on the Connection relationship between Private Offering Fund and Share Price Index Futures
BT  - Proceedings of the 2015 3rd International Conference on Management Science, Education Technology, Arts, Social Science and Economics
PB  - Atlantis Press
SP  - 863
EP  - 869
SN  - 2352-5398
UR  - https://doi.org/10.2991/msetasse-15.2015.190
DO  - 10.2991/msetasse-15.2015.190
ID  - Guo2015/11
ER  -