股指期货是期货交易的一个品种,具有价格发现,规避风险以及投机等作用。开放式基金在我国推出仅一年半,其运作中的一些潜在风险已逐渐显露出来。如果在证券市场上引入股指期货交易,将能有效化解基金面临的系统性风险及流动性风险,并提高证券市场效率。本文在对股指期货和开放式基金作简要介绍的基础上,重点分析了股指期货对开放式基金运作的影响。 Stock index futures is a variety of futures trading, with price discovery, to avoid risks and speculation role. Only one and a half years after the launch of the open-end fund in our country, some potential risks in its operation have gradually emerged. If the introduction of stock index futures trading in the securities market, will be able to effectively resolve the fund’s systemic risk and liquidity risk and improve the stock market efficiency. Based on a brief introduction of stock index futures and open-ended funds, this paper mainly analyzes the impact of stock index futures on the operation of open-ended funds.