The word "drinking and taking medicine" has been circulating in the fund financing market. Many investors, unknown so, have just entered the fund market. Do we know what they are? The following is the significance of drinking and taking medicine compiled by Bian Xiao for the fund _ Public Offering of Fund still prefers drinking and taking medicine for reference only, hoping to help everyone.
What does the fund mean by drinking and taking medicine?
Drug consumption by the fund means that the assets of the fund are mainly allocated to securities of listed companies such as medicine, biology, food and beverage.
As the saying goes, food is the most important thing for the people, and the catering industry is an industry with rigid demand. Some listed companies of high-end drinks correspond to the demand for consumption upgrading; For the medical and biological industry, it is also an urgent need for people to see a doctor and buy medicine, but there is still a big gap in the medical field in China, so the pharmaceutical industry also has a good market prospect.
Generally speaking, most listed companies in medicine, biology, food and beverage generally belong to the defensive sector, because there is great demand. According to the disclosure in the third quarterly report in 2020, most funds are still consuming white horse stocks such as liquor and medicine. This is mainly because in the current environment, the development prospects of growth industries are very uncertain, so the market pays more attention to defensive themes.
Public Offering of Fund still prefers drinking and taking medicine.
Since late June 10, Public Offering of Fund has successively entered the disclosure period of the third quarterly report. In the constantly fluctuating market environment, the sectors and stocks held by Public Offering of Fund Baotuan have become the focus of attention of all parties in the market. As of the press release of1October 27th, 10 and 1376 funds have disclosed their third-quarter reports, and the list of the top ten awkward stocks of several equity funds has also been released. On this basis, we can get a preliminary glimpse of Public Offering of Fund's position adjustment path in the third quarter.
At present, Kweichow Moutai is still the most favored heavyweight stock by the fund, which is the first time that Kweichow Moutai has won the total shareholding of the fund in the fourth quarter.
At the end of the third quarter, there were 464 funds holding Kweichow Moutai, and the total shareholding of the fund temporarily ranked first among all stocks. Kweichow Moutai has been the fund's favorite heavyweight for four consecutive quarters. It is worth mentioning that Kweichow Moutai is continuously held by Public Offering of Fund under the background of stock market volatility and some white horse stocks falling. There were 62 new funds in Kweichow Moutai in the third quarter, including the second new fund that disclosed the quarterly report for the first time. Bank of China Shunxing reported that it has made great progress in holding hybrid funds and Ping An Research Ruixuan hybrid funds in the past year. In the third quarter, there were 154 funds, including China Merchants CSI Liquor Index Grading and Huaxia SSE 50ETF holdings.
Looking back on the championship battle of fund heavyweight stocks in the past few quarters, Kweichow Moutai and China Ping An have the fiercest competition, but from the current point of view, the champion of fund heavyweight stocks in the third quarter may be between Kweichow Moutai and Wuliangye.
Judging from the data of the third quarterly report disclosed by funds at present, 406 funds held Wuliangye at the end of the third quarter, trying to shake the "leading" position of Kweichow Moutai. During the third quarter, 92 funds newly entered Wuliangye, and 126 funds increased their holdings of the stock.
On the whole, according to statistics, the top ten most popular stocks in Public Offering of Fund in the third quarter were Kweichow Moutai, Wuliangye, Lux, China Ping An, Midea Group, Contemporary Ampere Technology, China Merchants Bank, Longji, Hengrui Pharma and China Zhong Mian, with 464, 406, 384, 365, 438+03, 295 and 293 respectively.
How to calculate the cost of fund dilution?
1 fund transaction commission
The general fund transaction commission is 0. 1%-0.3% (less online transactions, higher business transactions, and bargaining), and the stamp duty is 0.3% (funds and warrants are tax-free). Every thousand shares in Shanghai Stock Exchange 1 yuan transfer fees. Less than 1,000 shares are counted as 1,000 shares, and the minimum commission is 5 yuan.
Because the minimum commission is 5 yuan, it is more economical to pay (1666-5000) yuan per transaction.
The trading unit is 100 shares (first hand), and there is no limit to selling (it can be 1 share), but the minimum commission should be paid attention to.
Due to different transaction commissions, transaction costs are also different. Generally, after buying a stock, the price rises by more than 1.2 1% and it is sold, so you make money.
If the commission is 0.3% and the stamp duty is 0.3%, the calculation process is as follows:
Buying price 10.99 yuan, selling price10.99× (1+1%) =1/23 yuan;
Gross profit: (11.123-10.99) × 500 = 66.5 yuan;
Cost: (10.99+1.123) × 500× (0.3%+0.3%) = 66.34 yuan;
66.50 yuan is more than 66.34 yuan, and the basic principal is guaranteed. (without considering the transfer fee)
The handling fee of the stock is about 1. 1% of the purchase price.
For example, your stock is 10.99 yuan/share, and the handling fee is 0. 12 yuan.
The break-even price is an estimated price considering the expenses at the time of sale. Basically, selling stocks at a price not lower than the break-even point should not lose money.
For example, if you buy a stock for 5 yuan and sell it for 5 yuan, it must be a loss. If you don't lose money, it will be higher than 5 yuan. If you sell at a certain price, you won't make a profit or lose money, then this price is the breakeven price. You have paid the handling fee after you bought the stock. If 5 yuan buys it, the handling fee will be shared equally. When the market price reaches the price of amortizing the handling fee, it is the break-even price of the position.
2 Dilution cost price
The diluted cost price is the cost price, that is, the price you buy the stock plus a handling fee of about 0.5%.
Position share is the number of user positions announced by the fund company at liquidation.
Dilution cost = ∑ confirmed amount of purchase/transfer-∑ confirmed amount of sale/transfer-∑ cash dividend-∑ confirmed amount of forced redemption.
Dilution unit price = cost/position share
Cumulative profit and loss = position share * latest net value-diluted cost
Cumulative Profit and Loss Rate = Cumulative Profit and Loss/Diluted Cost
Daily profit and loss = (today's net value * today's share-today's cost)-(yesterday's net value * yesterday's share-yesterday's cost)
Remarks:
1. When the dilution cost is less than or equal to 0, the cumulative profit and loss rate is not calculated.
2. When all product positions are sold, relevant income information will not be retained.
Rate of return on fully diluted net assets = net profit during the reporting period ÷ net assets at the end of the period.
It is emphasized that the situation at the end of the year is a static indicator, indicating that the share of net assets per unit in operating net profit at the end of the year is mostly used to determine the stock price.
Weighted average return on equity = net profit during the reporting period ÷ average net capital.
It is a dynamic index that emphasizes the result of earning profits with net assets in the process of operation and reflects the ability of net assets of enterprises to create profits.
The formula of fully diluted return on net assets is very simple, which is actually the net profit of the income statement/owner's equity of the balance sheet at that point in the reporting period.
3 Fund handling fee
Fund handling fee refers to the fee paid to the sales organization when buying and selling funds, which is used to compensate the cost incurred by the fund sales organization in handling fund trading procedures. The handling fee is a one-time fee, which means that the handling fee must be paid at one time when buying and selling funds, and it does not need to be paid at other times.