How to analyze funds with turnover rate?

To analyze the fund with the turnover rate of the fund, we should not only look at the turnover rate data, but also combine the investment style of the fund manager, the state of the market, the profit standard of the fund and other factors to make a comprehensive analysis.

If the turnover rate of a fund continues to be high, but it is clearly stated in the fund prospectus or fund periodic report that it is a fund with stable value style, then the style of this fund has changed.

If the turnover rate of a fund is relatively low, but the style of the fund is relatively positive, it shows that the operation of the fund manager of the fund can't keep up with the original strategy.

If the turnover rate of a fund fluctuates and there is no obvious correlation with the market, it shows that the investment style of the fund manager is unstable, which may be the immaturity and imperfection of the investment system.

What are the factors that affect the capital turnover rate?

The capital turnover rate is influenced by many factors.

The style of fund managers is the main reason that affects the turnover rate. Some fund managers are good at tracking hot spots and strive for short-term gains at the right time, with a high turnover rate. Some fund managers insist on value investment, hoping to earn money for the company's performance growth, and the turnover rate is generally low.

market quotation

Generally speaking, the turnover rate of bull market is higher than that of bear market.

Fund size

It is difficult for the ship to turn around. Generally speaking, the turnover rate of larger funds is less than that of smaller funds.

Huge redemption or a large proportion of dividends.

This part of the reason belongs to uncontrollable reasons. In order to cope with these unexpected situations, fund managers need to adjust their strategies in time, which leads to the change of turnover rate.