论文部分内容阅读
本文详细分析了美国债券市场与债券基金产品发展与创新的相互关系,一个成熟的债券市场是债券基金发展的前提条件,为产品的创新提供了空间。本文提出我国基金行业应抓住国内债券市场扩容这一时机,适时增加债券型产品的种类和供给,与债券市场的发展形成一个相互促进的局面。对美国市场上债券ETF的案例分析表明,可以将推动债券ETF发展作为产品创新的切入点,在为投资者拓宽固定收益类产品投资渠道的同时,解决银行间市场和交易所市场不能互联互通的问题。
This article analyzes in detail the interrelationship between the development of the bond market and the bond products in the United States. A mature bond market is a prerequisite for the development of bond funds, which provides a space for product innovation. This paper puts forward that China’s fund industry should seize the opportunity of expansion of the domestic bond market, increase the types and supply of bond-type products in a timely manner, and form a mutually reinforcing situation with the development of the bond market. The case analysis of the bond ETF in the United States market shows that the development of bond ETFs can be used as an entry point for product innovation. While broadening the investment channels for fixed income products for investors, it can also solve the problem that interbank market and exchange market can not be interconnected problem.