Research On The Investment Style Of E Fund High Quality Selected Hybrid Fun

In recent years,the good performance of public securities investment funds has attracted attention in the securities investment market.With the steady growth of the national economy and the development of Inclusive Finance,the higher financial needs of residents stimulate the public fund industry to continue to achieve scale expansion and product innovation.At the same time,the drift and convergence of the investment style of public securities investment funds in China are common,which is a sign that the development of the industry is still immature.Based on the fact that public securities investment funds as institutional investors have the dual characteristics of economic man and decision-maker,fund investment style is not only an important indicator for fund investors to understand the operating characteristics of funds,but also an important factor affecting fund performance.Therefore,the research on fund investment style is particularly important when the public securities investment fund industry ushers in the opening period.Based on the existing literature research status,combined with the development status of China’s public securities investment fund industry,this paper carries out further research on the fund investment style,selects e fund’s high-quality selected hybrid fund as the research object,aiming to deeply reveal the formation mechanism and characteristics of the public securities investment fund investment style based on the level of a single fund,and then fully explain the actual effect of the fund investment style to realize the theoretical value and practical significance.First of all,I will introduce e fund high-quality selected hybrid fund and its affiliated company,e fund management company.It includes the elaboration of basic information such as the establishment,development,fund management scale and business development of e fund management company,the analysis of the internal situation of the fund management company such as its equity structure,core personnel and organizational structure,as well as the analysis of the specific operation of e fund’s high-quality selected mixed fund,such as fund manager,fund scale,market performance and performance.Secondly,the part of theoretical research: it defines that e fund’s high-quality selected hybrid fund has a long-term,centralized and stable investment style,and analyzes the formation mechanism of its investment style.It mainly combs the internal logic of the formation mechanism of the fund’s investment style based on the fund management company and the fund manager,and based on the three-level classification of the fund’s holding period,the fund’s holding concentration and the fund’s risk preference,Depict the investment style of e fund’s high-quality selected hybrid fund.This part reveals the formation process of the investment style of public securities investment funds.Then,through the empirical test of the actual effect of its investment style,it is found that the investment style of e fund’s high-quality selected hybrid fund only has a positive impact on the industry concentration and risk preference,and the effect is significant.There is a positive effect in the layer of holding period,but the effect is not significant.Combined with the securities market,this paper analyzes the relationship between fund investment style and fund performance.Finally,based on the research content and results,the paper extends the discussion of the public securities investment fund industry,and gives reference and Enlightenment to individual investors,fund managers,fund regulators and other industry participants.