Empirical Research on Transfer Behavior of Benefits from Closed-end Funds to Open-end Funds

In this paper, fund management companies are divided into two categories, and the investment behaviors of stock-type and mixed-type fund administrated by the two categories Of fund management companies are studied based on the net value growth rate of those funds from 2005 to 2007. According to the statistics analysis We judge whether there are the transfer behaviors of benefits from closed-end fund to the open-end fund administrated by the same fund management company and put forward relative management countermeasures and advices.