Title: STUDY ON VALUATION OF THE PRIORITY SUB-FUND
Authors: You Haixia
Nanjing University of Aeronautics and Astronautics, China
MLA 8 Haixia, You. "STUDY ON VALUATION OF THE PRIORITY SUB-FUND." Int. j. of Social Science and Economic Research, vol. 3, no. 3, Mar. 2018, pp. 989-998, ijsser.org/more2018.php?id=70. Accessed 2018.
APA Haixia, Y. (2018, March). STUDY ON VALUATION OF THE PRIORITY SUB-FUND. Int. j. of Social Science and Economic Research, 3(3), 989-998. Retrieved from ijsser.org/more2018.php?id=70
Chicago Haixia, You. "STUDY ON VALUATION OF THE PRIORITY SUB-FUND." Int. j. of Social Science and Economic Research 3, no. 3 (March 2018), 989-998. Accessed , 2018. ijsser.org/more2018.php?id=70.
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Abstract: Structured Funds are innovative products developed by the structured classification technique
and it has been introduced to China over 10 years. Recent years, structured funds have developed
rapidly, which are very eye-pleasing among all the funds. It achieved great success by designing
two sub-funds for investors with different risk. Compared with the other fixed income bonds, the
priority sub-fund has the advantage of higher rate of return and fewer risks. While the aggressive
sub-fund has lower barriers, and with the leverage effect, it can multiply the earnings.
Firstly, the paper introduced the development course and current situation of Structured Funds
then explained some essential design terms of the priority sub-fund. To make readers have a
preliminary understanding of the priority share of structured fund, the author studied the
valuation method specially. The principle of the cash flow discount model had been introduced,
and then the Guojin CSI GM 300A was chosen as an example to study. Some related parameters
were simulated and so the validation was done to it. In the end, to help the investors take better
choose, the paper gave some conclusions and useful advice.
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