What does optional company fund mean? Some people may already know a little about self-selected funds, but has the nature of self-selected funds changed since they became self-selected company funds? Here's how to buy the optional company fund brought by Bian Xiao. I hope you like it.
How to buy a self-selected company fund
Company fund is an investment fund established by the company to provide investment opportunities and benefits for employees. Corporate funds are usually managed by the company according to the needs and goals of employees, and professional fund managers are responsible for investment. The company's funds can come from the deduction of employees' wages, the company's capital contribution or other forms of capital injection. These funds usually invest in stocks, bonds, money market instruments and other financial assets to increase the value of funds and provide long-term investment returns for employees.
How to buy funds
According to different trading places, funds can be divided into on-site funds and off-site funds. OTC funds refer to funds that are not listed on the stock exchange but are traded in banks, securities companies, third-party financial platforms or fund companies' direct selling platforms. At present, most funds are OTC funds. Generally speaking, investors can purchase and redeem open-end funds on the direct selling platform of fund companies or authorized institutions. The specific process is as follows: Fund purchase: (1) Open a fund account. Investors need to open a personal fund account when purchasing open-end funds, which can be conveniently opened through fund companies or agencies (banks/securities companies, etc.). ). (2) Carefully read the legal documents that need to purchase funds, including the prospectus, fund contracts, regular fund announcements, etc. (3) Select the fund, declare the subscription share through the sales organization, pay the subscription fee, and complete the fund subscription after being confirmed by the fund manager and other relevant registration agencies. To participate in on-site fund trading, you must open a Shanghai and Shenzhen securities account and a fund account. The securities account can be RMB ordinary stock account or securities investment fund account. Investors can subscribe, purchase, redeem and buy and sell after opening an account. Buying refers to the process that investors bid on the stock exchange through securities companies or buy in bulk the fund shares held by other investors. Purchase is different from subscription and subscription. Buying is only a trading process between investors, and it will not generate new fund shares, and the external circulation of funds will not increase.
How to buy quantitative funds?
Generally speaking, there are three kinds of public offering quantitative funds: active quantitative funds, index-enhanced quantitative funds and quantitative hedge funds.
The essence of active quantitative funds is the same as that of other active management funds. However, it mainly relies on computer systems to screen investment targets and conduct trading. In the current A-share market, the performance of most active quantitative funds is still better than that of the Shanghai and Shenzhen 300 Index. However, the long-term performance does not have much advantage compared with the ordinary partial stock funds managed by fund managers.
Index-enhanced quantitative funds, generally speaking, the goal is to outperform the specified index. For example, the Shanghai and Shenzhen 300 Index Enhancement Fund, the fund manager will calculate a large number of indicators on the basis of the Shanghai and Shenzhen 300 constituent stocks, and select some stocks that are better than ordinary constituent stocks. Or make some adjustments to the allocation ratio, so as to obtain better returns than the index. What it pursues is to outperform the market index.
Quantitative hedge funds generally pursue absolute returns. Most quantitative hedge funds will sell stock index futures while buying stocks and establish hedging relationships. The purpose is not to let one side move. For example, a stock crash leads to a loss. At this time, the reverse direction of stock index futures means making money. Once the two hedge, the overall risk will be reduced. The purpose is to strip off systemic risks and seek stable excess returns after long and short hedging. This kind of fund is more suitable for ordinary investors.
For ordinary investors, knowing the classification of quantitative funds can roughly screen out suitable funds according to their own needs. But if you want to actively manage quantitative funds, how to screen them? In fact, there are several dimensions to consider.
1. Whether the performance of historical performance can have sustained and stable returns, or whether there have been many ups and downs, these are a big test for investors.
2. How long has the fund product been profitable? For example, whether it can only make short-term profits or long-term profits. If it is profitable for a long time, the technology is relatively reliable.
3. Look at the investment strategy and objectives. Generally speaking, the mixed strategy of quantitative funds will be more robust than the single strategy.
4. Does the prospectus introduce quantitative methods, such as whether there is a quantitative model and hedging mechanism?
5. The background of the fund manager and whether the company has a good sense of risk control.
Infinitely rising, okay?
This can be said for both individual stocks and market indices. Infinite decline means that the corresponding transaction volume is obviously shrinking (decreasing) compared with the previous stage. On the contrary, infinite decline is generally understood as the reluctance of market participants, and in the analysis of volume and price, it also belongs to the reversal of volume and price deviating from expectations. or vice versa, Dallas to the auditorium
China's A-share market is only about 30 years old. Compared with the mature markets in Europe and America, it is still very young, so it is not too mature. In China's stock market, the main players and bookmakers occupy the dominant low position, and most of the main players are concentrated in small-cap stocks with relatively small circulation, which leads to the sharp rise and fall of small-cap stocks, and almost all bull stocks are born from these small-cap stocks. This kind of stock is characterized by huge trading volume when it is started, and the struggle between long and short sides is also extremely fierce. At this time, the stock market trend is unpredictable, and I don't know whether it will rise or fall afterwards. After this process of heavy volume shock, there will be an infinite rise.
This is because the main force will lock the position after holding most of the outstanding shares, and the retail investors will also lock the position when the stock price is rising. In this way, the stock price will continue to rise indefinitely, because at this time, those who want to buy can't buy, those who hold positions don't want to sell, and the volume can't always get up.
In the past, there were many such examples. For example, there is a bull stock, Candal, which often rises in the bull market. Before the rise, the stock price fluctuated in volume and gradually rose. In this case, the rise is not a bad thing, which shows that the main funds have stood firm. In this case, the market will continue to improve until the turnover starts to increase, that is, the main force starts to ship, and the market will end here.
Therefore, the infinite rise of China does not mean that it is a bad thing. As long as you analyze and grasp it, you can often catch bull stocks with huge upside.
How to distinguish between good and bad funds?
How to distinguish the quality of a fund is mainly analyzed from the following * * * indicators:
1, maximum withdrawal amount
The maximum withdrawal of the fund refers to the range from the highest to the lowest net value of the fund in a period of time, that is, the fund fluctuates extremely badly in a period of time, which is also the biggest loss for fund investors in a period of time, so the lower the maximum withdrawal of the fund, the better.
2. Sharp ratio
Sharp ratio means that the fund can obtain excess return by taking unit risk. The higher the Sharp ratio, the higher the excess return and the better the fund performance. Generally speaking, the Sharp ratio of equity funds and hybrid funds is better than 1.
3. Historical performance of the Fund
The historical performance of the fund is also the performance since its establishment, so the higher the historical performance of the fund, the better the fund will be.
4. Shanghai and Shenzhen 300 yield curve
This indicator mainly compares the fund return rate with the Shanghai and Shenzhen 300 return curve. When the fund's return rate is greater than the Shanghai and Shenzhen 300 return rate curve, it means that the fund's investment return rate is high, on the contrary, it means that the fund's return rate is poor.
5. Fund size
Generally speaking, the larger the fund, the more stable the fund and the smaller the fluctuation. However, we should also know that the larger the fund scale, the more difficult it is for fund managers to operate and the higher the professional requirements for fund managers.
Do you need to choose the right time to buy a hybrid fund?
Buying a hybrid fund needs timing, and the main purpose of buying a fund is to earn the difference. So it takes time to buy a hybrid fund. To buy a hybrid fund, it is only possible to make money by buying at a low price and selling at a high price. If you buy at a high price and sell at a low price, it's a loss.
Therefore, when choosing a hybrid fund, don't chase after the ups and downs. If so, you may suffer serious losses. You can choose to buy when the fund position is low, because when the fund position is low, the cost price for investors to buy will be lower, so the risk will be relatively small and the possibility of making money in the future will be greater.