Risk Measurement Of Internet Money Market Fund Products

The launch of Internet money market fund is one of the milestones in the development of China’s fund market.Its emergence adds strength to the reform of China’s financial system and adds vitality to the diversified development of the financial system.Therefore,an in-depth study of Internet money market funds,especially how to identify and measure risks,is crucial to the healthy operation of the whole market and maximize the benefits of market participants.This paper takes the risk of Internet money market fund products as the research object,draws lessons from the research results in the field of risk management at home and abroad,takes the relevant theories of Internet money market fund as the starting point,and selects the Va R model that can measure the value of risk by analyzing the principles and differences of various risk measurement methods.In the selection of samples,according to the mainstream index of the monetary fund market to measure risk and return,23 representative fund samples are selected,and Eviews 8 is used to draw the return rate fluctuation sequence diagram of the sample fund.From the fluctuation trend diagram,it is found that the important time inflection point of risk occurrence is 2018 and 2020.In order to predict and analyze the fluctuation of return rate series and overcome the instability of sample data,the GARCH(1,1)model fitting time series is selected in the GARCH family models,and the t-distribution and GED distribution are determined to be the optimal distribution of samples under 95% confidence interval.Based on the return model equation of the sample fund,Var value is used to measure the sample risk.Finally,it is concluded that Internet funds are not the best choice in the market in the current economic downturn environment.Internet funds based on banks have better performance and risk resistance.GARCH(1,1)model based on t distribution and GED distribution can effectively fit the sample time series data.Finally,from the perspective of market participants,measures and suggestions to optimize the risk management of Internet money market funds in line with the development status of Money market funds in China are proposed.