Both can invest in securities products between exchanges and banks, including stocks, bonds and funds, and may also include warrants; At present, the vast majority of private placements in Sunshine are non-structural products. Special account "one-to-many" can also issue structured products, QDII, etc.
2. Quantity limitation
The actual manager of Sunshine Private Equity is a private equity management company. Generally, the minimum subscription amount is 6,543,800 yuan, with no more than 50 people, and the number of institutional subscribers is not limited. The establishment requirement is generally 30 million yuan; The actual manager of the "one-to-many" business of the special account is the investment and research team of the fund company's public offering special account. The subscription threshold is not less than 6,543,800 yuan, and the number of people is not more than 200. The establishment requirement is more than 50 million yuan.
3. Information disclosure
Sunshine Private Equity discloses its net value once a month, and also once a week. In February 2009, China Banking Regulatory Commission required disclosure once a week. Some private placements publish operating reports quarterly, monthly or more frequently. Generally, redemption is open every month, and some are open every week; "One-to-many" requires that the net value be announced to investors once a month, and the time and method of reporting relevant information to investors are stipulated in the asset management contract, so as to ensure that investors can fully understand the operation of the asset management plan and open the redemption application at most once a year.
4. Investment restrictions
Sunshine Private Equity Single Asset Management Plan holds shares of listed companies, and its market value shall generally not exceed 20% of the planned net asset value; All assets entrusted by specific customers managed by the same asset manager (including single-customer and multi-customer specific asset management business) shall not be invested in securities issued by a company, and shall not exceed 20% (different trust companies will vary).
The special account "one-to-many" portfolio investment single asset management plan holds shares of listed companies, and its market value shall not exceed10% of the planned net asset value; All assets entrusted by specific customers managed by the same asset manager (including single-customer and multi-customer specific asset management business) shall not be invested in securities issued by a company, and shall not exceed 10% of the securities.
5. Performance reward
Sunshine private placement can extract 20% of the performance commission (when the profit or plan is terminated), and cannot promise the minimum expected annualized expected return or the historical expected annualized expected return; The performance reward of the "one-to-many" manager of the special account cannot be higher than 20% commission.
：
Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.
From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.
(3) According to different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.
(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.
manipulative skill
First: Look at the market outlook before operating.
The income from fund investment comes from the future. For example, if you want to redeem stock funds, you can first look at whether the future development of the stock market is a bull market or a bear market. Then decide whether to redeem or not, and make a choice on the timing. If it is a bull market, it can be held for a period of time to maximize the benefits. If it is a bear market, redeem it in advance and put it in the bag.
Second: switch to other products.
Converting high-risk fund products into low-risk fund products is also a kind of redemption, such as converting stock funds into money funds. This can reduce the cost, the conversion fee is generally lower than the redemption fee, while the money fund has low risk, equivalent to cash, and the income is higher than the current interest. Therefore, conversion is also an idea of redemption.
Third: regular fixed redemption
Like regular investment, regular fixed redemption can do daily cash management and stabilize market fluctuations. Fixed-term redemption is a redemption method of fixed-term investment.