What is the 7-day holding fund of rich country CSI interbank deposit certificate AAA index?
Inter-bank deposit index fund is an innovative product, which tracks the inter-bank deposit index and invests more than 80% of the fund assets in the constituent bonds and alternative constituent bonds of the inter-bank deposit index. Interbank certificates of deposit can be understood as "short-term bonds" issued by banks to financial institutions, which have the characteristics of low risk, high liquidity and higher historical income than monetary funds.
Interbank deposit index fund can be an effective supplement to cash management products, but it is different from money fund in two aspects.
First, liquidity is not as good as money funds. Interbank deposit certificate foundation sets the holding period. For example, if the money fund can only be redeemed after seven natural days, there is no such restriction. In addition, the redemption of interbank certificates of deposit is slow, and the money fund can be redeemed by T+ 1, or even a small amount of T+0. Second, the interbank deposit index fund is valued by the market value method, and its net value will fluctuate, and it will also suffer a one-day loss like short-term debt, but the monetary fund will fluctuate less. .
Because of the lock-up period, index funds of interbank deposit certificates can allocate a considerable proportion of long-term assets, while money funds rarely allocate interbank deposit certificates of 1 year, so they have the opportunity to obtain higher returns than money funds. On the whole, the risk-return characteristics of interbank deposit index funds are between money funds and short-term debt funds.
Why is there a huge gap between the daily ups and downs of the on-site ETF and the off-site ETF of the same fund?
As I said before, the price of ETF in the market is affected by two factors, one is the underlying assets (ETF net quotation), and the other is the trading sentiment in the market. OTC ETF-linked funds do not completely track ETFs, and generally at least 90% of assets are invested in ETFs. As a result, there are differences, sometimes even great differences, between the daily ups and downs of ETF-linked funds on the market and OTC funds.
From the rise and fall of the market value of Huaxia Hang Seng Technology ETF and the rise and fall of the net value of linked funds, it can be seen that it is common for them to differ by several times. For example, on February 2, 65438, the decline of on-site ETF was nearly twice that of off-site linked funds. 65438+February 1, the market growth rate is more than five times that of the linked fund.
If you invest in QDII funds in the US stock market, you should also pay attention to whether the net value of linked funds you see is two days ago, and the difference between it and ETFs on the market may be even greater.
Data source: wind, with the time as of 202 1. 12.3.
If you don't know when to spend a sum of money on hand, maybe three years, five years, maybe 10 or 20 years, what fund is better to buy? Don't you just buy it and put it there for redemption? Or how to operate?
As you are not sure when the money will be used, you may need it at any time. It is suggested to allocate some highly liquid assets, such as pure debt funds, to avoid rushing to sell assets at bad times when money is needed. The specific proportion can be seen in combination with your own situation. In addition, the money that has not been used for more than three years belongs to a relatively long-term investment, so you can consider buying some stock funds, and the long-term investment income is higher. What to buy, how much to allocate for equity and fixed income depends on your own capital needs.
In addition, it depends on your risk preference. Strong risk tolerance and high expected returns can be mainly allocated to stock funds. For stability, give priority to fixed income+and properly allocate equity funds.
The specific matching ratio can refer to the maximum range of retreat you can bear.
For example, the maximum retracement you can accept is 20%, and according to statistics, the average maximum retracement of partial stock funds is within 30%, while the maximum retracement of bond funds is within 10%. If both stocks and bonds are 50%, the maximum retracement of the whole portfolio can be controlled within 20% (30% * 0.5+65438).
Among them, the core+satellite model is recommended for equity investment, and the core part (at least 50%) is suitable for allocating some balanced funds, such as Wang Pei Central Europe Industrial Growth, Zhang Qinghua Yifangda's new income, He Shuai Bank's advantageous industry, Fu Peng Bo Ruiyuan's growth value, Xie Zhiyu's prosperity, ICBC Fiona Fang's cultural and sports industry, etc. The satellite part can be equipped with some funds or overseas assets with good offensive characteristics and partial industry themes.
And then lie flat after buying it? Of course not.
We should also look at the performance of the fund regularly, for example, every quarter to see if it is because of the bad market or the poor ability of the fund manager. If it is caused by the market decline, since it has been held for a long time, there is absolutely no need to worry too much. If there is no continuous decline in the market, but the performance of the fund is not good for several consecutive quarters, you can consider changing one. In addition, if you change the fund manager during the period, you can observe it for one or two quarters before deciding whether to change the fund.
Investors can also make some big timing according to the price difference between stocks and bonds. According to historical experience, if the spread between stocks and bonds is greater than 5.5%, the proportion of equity assets can be gradually increased. If it is less than 3%, we should be cautious about equity assets and increase the allocation of bond assets. If it is a fixed investment, you can also make a profit after reaching the target rate of return (the reference rate of return is 15%), and then enter the next round of fixed investment.