Playing a new fund is to add a new strategy of participating in the stock market to the investment strategy of the fund. It can also be said that fund innovation is to use the raised funds in the investment direction of the fund and obtain the spread income of new shares through the advantage of subscription scale. This should be inquired in banks, securities or daily funds. I really don't know if I can go to a bank or a securities company and ask the staff which funds are new funds.

There are three ways of innovation: online innovation, offline innovation and strategic layout.

1. online innovation: online innovation is mainly carried out by lottery, and both individuals and institutions can participate. Institutions have great funds and advantages, so the success rate of individuals will be very low. The vast majority of ordinary investors purchase new shares online, that is, they generally purchase new shares through trading software.

2. Offline innovation: The threshold for offline innovation is relatively high. At the same time, offline innovation will be launched, and the proportion of investors A, B and C will be launched from high to low. The highest category A is the funds of Public Offering of Fund, social security, pension and other large institutions. , are put first, and class B includes private placement, trust, etc. , in the second place, and individual investors belong to category C, which is also the least part.

3. Strategic placement: Strategic placement refers to directional placement only to strategic investors (such as strategic placement funds), who can have the right to subscribe for new shares first, which is equivalent to 100% winning. However, there is a restriction, that is, after winning the lottery, the holding time of new shares is locked and they cannot be sold as soon as they are listed. In addition to strategic placement funds, other funds must have bottom positions if they want to participate in innovation. According to the current offline placement rules, the fund needs to hold a short position of 70 million yuan (60 million yuan in Shanghai+Shenzhen100000). At present, except pure debt funds and commodity funds, other funds can participate in innovation.