In this paper, we study the optimal liquidation str ategy of the Open end Fund. 研究了开放式基金持有多种股票的最优变现策略问题。
Under the stochastic impact, this paper analyses the only-sell action, and studies the problem of optimal endogenous liquidation time by utilizing optimal control theory. 本文考虑在随机冲去下机构投资者的纯卖变现行为，利用最优控制理论研究内生的最优变现时间问题。
