我国证券投资基金业的发展历史还不算很长,同发达国家相比,证券投资基金的规模也比较小,但是,证券投资基金的存在与发展对我国证券市场的影响和作用日益明显。1、降低证券市场运行成本证券市场是连接资金供给和需求的市场,市场交易者分为筹资者和投资者两大类。我国目前的投资者构成中,有99%是个人投资者。这就产生了一个问题:筹资方必须花费很高的代价与数量庞大的个人投资者沟通,并进行大量的小额交易;个人投资者也需要耗费大量的精力分析、研究投资项目,整个证券市场的交易成本非常高。证券投资基金的出现有效解决了这个问题,它以信托关系为基础,本着收益共享、风险共担的原则,将广大个人投资者的资产集中起来,作为一个整体参与证券市场的交易。在这种情况下,筹资者只须向为数有 The history of China's securities investment fund industry is not yet very long. Compared with developed countries, the size of securities investment funds is also relatively small. However, the existence and development of securities investment funds have increasingly obvious influence on our securities market. 1, to reduce the operating costs of the securities market The securities market is to connect the supply of funds and demand market, market traders are divided into two major categories of investors and investors. Of the current composition of our country's investors, 99% are individual investors. This creates the problem that the fund-raiser must communicate with a large number of individual investors at a high price and conduct a large number of small-value transactions. Individual investors also need to spend a lot of energy analyzing and researching investment projects, the entire securities market The transaction costs are very high. The emergence of securities investment funds has effectively solved this problem. Based on the trust relationship, based on the principles of revenue sharing and risk sharing, the assets of the vast majority of individual investors are collected and dealt with as a whole in the securities market. In this case, the fundraiser only needs to be counted