Because these restricted funds are generally large in scale and outstanding in performance, fund managers are worried that too many people buying in a short period of time will affect the stability of the fund scale and the implementation of investment strategies, so they should restrict purchases.
Of course, there is no problem with this idea. Most of the restricted funds are large-scale excellent funds. However, funds will also be restricted for some other reasons, such as avoiding tax-free arbitrage before dividends from large institutions, limiting QDII quota or closing overseas markets, ensuring the holder structure, and maintaining the best scale implementation strategy for new fund creation.
Generally speaking, it is because of good performance, scarce products, or products that make a difference that large purchases will be chosen. The purchase restriction is also to ensure the interests of the original holder.
So, is the restricted fund worth buying? What kind of restricted purchase fund is more worth investing in?
First, understand the purpose of fund purchase restriction, because there are many reasons for fund purchase restriction. We can't directly invest in the fund because of the fund's purchase restriction. What is the real reason behind the fund's purchase restriction?
Second, if it is a large-scale purchase restriction of excellent funds, it is still necessary to screen funds according to the usual process of understanding funds, conduct a comprehensive evaluation of funds, and understand the long-term and short-term performance of funds, the management ability of fund managers, market environment and other factors.
For outstanding funds with large purchase restrictions, we should also pay attention to the fund manager's ability to control large funds, and we can refer to the scale of other funds managed by the fund manager.
Third, if it is a new fund with restricted purchase, it is necessary to know whether the scale of the fund has a stable range, focusing on small funds managed by fund managers who have in-depth research on new funds or have performance guarantees in large fund companies. Although innovation is relatively stable, there are still risks, such as the breaking of new shares and the fluctuation of hedging instruments.
Fourth, for restricted funds managed by different fund managers, priority can be given to funds with excellent historical performance, small restricted funds and large restrictions.
This is because, in contrast, the investment value of such funds will be higher, because the effect of purchase restriction is more obvious when the purchase restriction is relatively strong, such as purchase restriction 1000 yuan.
Although the limit of some funds is1000000 yuan, most investors can still buy them.