After getting the "book", you can start exploring the fund journey with the "three-question formula" ~
Understand fund managers and fund managers. The fund manager here does not refer to a specific person, but to a fund company.
This chapter introduces the situation of fund companies and the resumes of fund executives, reflecting whether the fund operation is strong and whether the investment and research team is professional.
More importantly, as the proposed direct manager of the fund, the fund manager is the soul of the fund operation, and its resume introduction is also essential.
Part of the product description of the fund
Looking at the scope of investment, first of all, what can be the investment target of the fund?
Take the fund in the following figure as an example. The target covers all A-share stocks, Hong Kong Stock Connect stocks (which can participate in some Hong Kong stock transactions), bonds, and various financial instruments such as asset-backed securities, interbank deposit certificates and stock index futures. Looks rich.
Looking at the portfolio ratio, the proportion of stock assets is 60%-95%. Well, it's a partial stock hybrid fund.
In addition, you can pay attention to some details.
Part of the product description of the fund
Look at the rules of subscription/subscription and redemption of closed-end and open-end funds.
If the fund has a closed period, how long is it? When to purchase and when to redeem, all kinds of fees are very important information, which can not be ignored in the prospectus.
Subscription fee
Subscription/redemption fee
Part of the product description of the fund
It is important to look at performance benchmarks. How to measure the performance of a fund? Different styles and types of funds have different standards of measurement.
To some extent, the benchmark is the "baseline" to judge the performance of a fund.
Part of the product description of the fund
Looking at the fund investment strategy and risk disclosure investment strategy will describe the ideas and methods of fund asset allocation. If the market changes, adjust the investment strategy flexibly without violating the prospectus.
If you agree with the direction of this strategy, congratulations, you are one step closer to your good foundation ~
Finally, you have to read the risk warning, which is required reading, so that you can understand the investment risks behind the products before investing in the fund.
For rational investors, the first step of investment is to make clear the risks they can bear and make reasonable income expectations.
investment strategy
Risk disclosure
Part of the product description of the fund
Well, I learned the above five points through the prospectus. Do you know the formula of "three questions"?