In other words, this fund can participate in new shares, and if it wins the lottery, the fund may rise. Moreover, ordinary funds do not necessarily participate in new shares, so there is no excess return after the listing of new shares.
Playing new funds can be seen on some sales platforms, such as Tian Tian Fund Network: In the fund data, you can see which funds have participated in new shares.
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The so-called new fund refers to the fund whose funds are used to play new shares. It can also be said that the new fund is to use the raised funds in the investment direction of the fund, and obtain the expected annualized expected return of the new share spread through the advantage of subscription scale.
There are new shares issued, and if you want to subscribe, you need to have corresponding shares. Many institutions do new funds to let customers buy such funds to participate in new shares, because the success rate of offline subscription of new shares is higher than online subscription.
However, in general, playing new funds is not just for playing new shares. Investors need to see clearly that some new funds are set up for the remaining funds to invest in bonds, and some are for secondary market stocks. If it is the latter, the risk is not low.
From the perspective of fund types, there are three main types of funds that are expected to get involved in "innovation" business. One is some pure debt funds and enhanced debt funds that can participate in "new share subscription" (including offline placement); The second is all kinds of stock-based funds with balanced and flexible allocation, and the third is full-time innovative funds specially designed for innovation.
There are still many things to pay attention to when making investment choices for new funds. When choosing the amount of new funds, we should give priority to partial debt mixed funds and flexible allocation funds as far as possible, which can fully improve the utilization efficiency of new idle funds;
Playing new funds is also very important for the control of positions. Generally, the stock position is around 5%, which can keep the portfolio risk under control.
In addition, when investing in a new fund, the rate of the fund can not be ignored, generally involving average management fees, custody fees and other expenses. This shows that the fund handling fee has a great influence on the fund income.
Therefore, when investing in new funds, it is also important to compare the rates of fund companies.