论文部分内容阅读
与2004年相比,2005年货币市场基金经历了比较平稳的一年,而且货币市场基金之间的净值增长也非常接近,差距只有千分之一左右。2005年中国经济走在增长顶峰的右侧,对于债券市场上的投资者而言,这只是幸福的开始。但对于货币市场基金,这是考验的开始。在2005年,产能过剩开始显现、人民币开始升值、大量的贸易顺差等这一切都意味着,债券市场的上涨必然开始了。但是,对于超短期债券基金——货币市场基金而言,投资的难度反而加大了。债券的上涨或者说市
Compared with 2004, the money market funds in 2005 experienced a relatively steady year, and the net growth in money market funds also came very close, with a difference of only about one thousandth. In 2005, China’s economy was on the right-hand side of its growth peak, which was just the beginning of happiness for investors in the bond market. But for money market funds, this is the beginning of the test. In 2005, overcapacity began to emerge, the renminbi started to appreciate, a large amount of trade surplus and so on all meant that the rise of the bond market was bound to begin. However, for ultra-short-term bond funds - money market funds, the difficulty of investment has actually increased. Bonds rise or the market