Introductory knowledge sample for purchasing fund products

Nowadays, funds have become a common investment and financial management tool. However, due to different risk preferences of each person, different family financial conditions, etc., suitable funds They are also different, so how should ordinary people choose the fund that suits them? Here I would like to share with you some introductory knowledge about fund products for your reference.

Six major standards for fund investment to buy a fund that suits you in one move

Suitable for your own risk resistance. Different fund products have different risk-return characteristics. When choosing fund products, investors should focus on the match between the risk-return characteristics of the fund products and their own risk tolerance. Only in this way can we effectively control, control and prevent risks.

Suitable for your age. There will be a big difference between investment funds for young and middle-aged people and investment funds for the elderly. Young and middle-aged people are in the period of career development or peak period and have more income at their disposal. For elderly investors, facing retirement life and relatively narrow income channels, it is not suitable to invest in high-risk products at this time, and the selection of fund products should also be different.

Suitable for your own interests and preferences. Any investor who is interested in something will invest more time and energy in analysis and research. For fund investment, if investors choose fund products that suit their own interests and characteristics, they will learn to focus, maintain patience and perseverance, and especially be able to withstand corresponding risks and pressures.

Suitable for your goals. Different investors have different needs for the preservation and appreciation of future funds, and will set different expected income targets. But this requires the allocation of appropriate fund products. Those who pursue long-term capital appreciation should prefer stock funds, while investors who pursue income stability can target bond fund products. In addition, investors with strong demand for capital liquidity can choose money market funds.

A combination that suits you. In order to avoid the investment risks caused by concentrated investment, investors will build a certain investment portfolio when investing in fund products to resolve fund product risks. Different fund products chosen by investors will also have varying degrees of impact on the risk and return of the fund portfolio. Aggressive investors should focus on the allocation of stock funds in the allocation of core assets, while conservative investors should increase the proportion of allocation in bond funds and money market funds, so as to stabilize the investment portfolio risk. the goal of.

Suitable for your own economic conditions. Different investors have different economic bases and conditions. But the amount of money does not constitute a reason for financial management. It can be said that as long as there are differences in financial management methods, financial management is also required regardless of the amount of funds. Therefore, when investors invest in fund products, investors with small funds can choose the regular fixed-amount investment method, through the method of "accumulating less to make more, and reducing risks". For investors with certain investment accumulation, While seizing good investment opportunities, you can choose to make a one-time investment.

Following China Chengxin Trust, Minsheng Trust’s equity was also sold off

A relevant person from Minsheng Trust said, “The two shareholders were transferred normally and did not withdraw completely, mainly due to financial considerations. We currently need some investment income.”

3.45% of the equity was transferred

On March 22, the Beijing Stock Exchange website posted specific information on the equity transfer of Minsheng Trust, attracting attention. wide attention.

At present, the equity structure of Minsheng Trust is: Wuhan Central Business District Construction Investment Co., Ltd. holds 82.7071%; Zhejiang Oceanwide Construction Investment Co., Ltd. holds 10.7143%; Beijing Tourism Group holds 6.4286%; China Youth Travel Service holds 0.0857% of the shares; Railway Travel Service holds 0.0429% of the shares; Kanghui Travel holds 0.0214% of the shares.

Public information shows that BTG Group has not completely withdrawn this time, but only transferred 3.4286% of its equity; while Kanghui Travel intends to completely withdraw and transfer all its 0.0214% equity.

It is worth noting that Kanghui Travel is a holding subsidiary of Beijing Tourism Group, which holds 51% of the shares of Kanghui Travel. In addition to Minsheng Trust, BTG Group's financial layout also holds 60.92% of Century Securities.

Doubling the proceeds from the equity transfer

According to a Securities Times reporter, the investment principal of the 6.4286% equity held by Beijing Tourism Group is 450 million yuan, and the investment principal of 0.0214% held by Kanghui Travel % equity investment principal is 1.5 million yuan.

Calculated based on the investment amount that year, the investment principal of the 3.45% equity transferred this time is equivalent to 241.5 million yuan. Compared with the transfer base price of 510.6 million yuan in the transaction conditions, the growth rate is 111. %.

However, this equity transfer imposes certain requirements on the transferee, one of which is that the transferee should be a corporate legal person established in China and validly existing for more than three years, with an equity structure (to its The actual controller) should not contain foreign capital (written commitment is required).

As for the reasons why companies with foreign shareholders will not be considered, the above-mentioned person from Minsheng Trust said, “Due to the relevant requirements of the Ministry of Industry and Information Technology and other departments, foreign shareholders will affect our external investment activities to a certain extent.

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In addition, the requirements for the transferee of this equity transfer also include: good financial status, continuous profits for the past two fiscal years, and net assets at the end of the most recent fiscal year not less than 30% of the total assets. %; and the project does not accept joint transfers, nor is it allowed to be transferred by entrustment or implicit trust. This transaction requires a one-time payment, and the intended transferee must pay 1.5 within 3 working days after the transfer qualification is confirmed. 100 million yuan as a deposit.

Minsheng Trust was established in 2013 and is the youngest trust company in the industry. At the end of 2016, Minsheng Trust’s asset management scale rose to 157.7 billion yuan, a year-on-year increase of nearly 40%; it was operational. Revenue was 1.922 billion yuan, a year-on-year increase of 77.63%; net profit was 910 million yuan, a year-on-year increase of 132.74%.

According to the reporter’s understanding, since 2015, Minsheng Trust has clarified the direction of transformation and proposed investment, The five major strategic positions of investment banking, asset management, financing, and wealth, as well as the three major functions of improving independent investment capabilities, asset management capabilities, and wealth management capabilities,

Can trusts seize the opportunity due to new bank regulations?

This year, my country's financial market supervision has become increasingly strict, and many new regulations have been issued. The new bank regulations are one of them. Although the new bank regulations are aimed at the banking industry, they also have a profound impact on the trust industry. .

This time the regulatory requirements are more stringent, including classified management of financial services, restrictions on non-standard investment channels, restrictions on the development of graded products and capital pool businesses, etc. Under the new regulatory standards, it is difficult for banks to carry out financial services. With the increase, the scale of financial management business is expected to slow down, especially the scale of financial management business of small banks may decline faster.

The new version of bank financial management supervision measures will make the supervision of bank financial management business more stringent, even triggering the Shanghai Stock Exchange. The index fell on Tuesday. However, as the new financial management regulations were positive for trusts as a whole, trust stocks were in the red and were among the top gainers yesterday. Anxin Trust, Jingwei Textile Machinery, and AVIC Capital rose by 6.77% respectively. 6.13%, 2.46%.

Among them, Shaanxi State Investment closed its daily limit shortly after the opening. In addition to Shaanxi State Investment, Anxin Trust rose by 6.77% yesterday. In addition, the trust concepts of Jingwei Textile Machinery and AVIC Capital were respectively rose 6.13% and 2.46%, ranking among the top rising stocks in the two cities.

Whether the trust can seize the opportunity still depends on the strength of management

According to the content of the "Draft for Comments", it is prohibited. "Non-standard" investment docking with asset management plans can only dock with trust plans, which is considered to be the greatest benefit to trusts. It is clear that the exclusivity of trust plans as a "non-standard" investment docking channel for commercial bank wealth management products will be greatly improved. The ability of trusts to obtain assets.

Due to the similar business models of various asset management institutions, including trusts, trust companies have suffered from intensified competition this year. This time, regulatory agencies have strengthened their supervision of other asset management institutions. Supervision has benefited trust companies from the side.

Although trust companies and fund subsidiaries are on the same starting line in terms of net capital management, trust companies are still required to pay trust protection funds when doing business. , From this point of view, trust companies still do not have an advantage, especially in the channel business with lower rates.

Huarong Trust Yuan Jiwei believes that the new regulations on financial management business have driven the de-consolidation and standardization of bank financial management business. From the perspective of the risk reserve accrual requirements for financial management products, the expected rate of return-based products accrual requirements The standard is 50% of management fee income, while the standard for net worth financial products is only 10%. The gap is very obvious. At the same time, judging from the asset distribution of financial management business in recent years, the proportion of non-standard debt assets has continued to decline, from 20.91% in 2014 to 15.73% in 2015. Especially in the current asset shortage, this trend will continue. Therefore, trust companies should no longer stick to the financing bank-trust financial management cooperation business, but need to be more forward-looking in deepening the bank-trust cooperation model, expanding the scope of cooperation, and actively developing investment bank-trust financial management business and innovative Financial management business, otherwise, even if the regulatory system intentionally or unintentionally provides some business space and regulatory dividends for trust companies in the short term, if they fail to follow market demand and have insufficient active management capabilities, they will eventually be eliminated by the market or be eliminated by potential future market competitors. replace.