Buy a new fund or an old fund?
Before buying a new fund or an old fund, let's look at an example. Before considering other factors, let's take a look at the income of new and old funds:
1. The net value of fund shares is 1 yuan. If you buy at 10000 yuan, you can get 10000 fund shares.
2. The accumulated net value of the fund is 2 yuan. If the fund is purchased at 654.38+0,000 yuan, the fund share can be 0.5 million.
And these two funds have risen by 10% in a period of time, then everyone will find that the investment income of the two funds is the same, that is, both the new fund and the old fund are the same. The reason why new funds and old funds appear may be understood from the issuance stage of new funds.
The issuance of a new fund needs five stages, namely: 1. Report for review; 2. raise; 3. End the recruitment; 4. the fund was established; 5. Open subscription. It takes 1-3 months to open a position after the fund is established.
The differences between the old and new funds are as follows:
1. liquidity.
Because the new fund needs to be closed for three months after its establishment, it is impossible to purchase and redeem it during this time, which investors need to be clear about. The old fund has passed this time and can be redeemed except holidays.
2. Transaction costs
The subscription fee of the new fund is about 1%- 1.2%, and that of the old fund is about 1.2%- 1.5%. However, due to the more exciting competition in the fund market, many third-party platforms have discounts, and the expenses of the old fund have been reduced a lot. Relatively speaking, the cost of the old fund will be relatively low, but many times the fund is interested in the future performance of the fund, and these costs can be ignored for long-term investment.
3. Historical performance
When the new fund was established, its published information was limited and there was no historical performance to refer to. At this time, it is likely to be selected according to the situation of the fund manager. Old funds can be referenced from information such as the proportion of their positions. Of course, the historical performance of the old fund can not represent its future trend, but can only be a better reference index.
4. Market conditions.
It is popular in the fund investment circle that "bull market buys old funds and bear market buys new funds". At present, the proportion of stock funds in stock positions cannot be less than 80%. The old fund has a high position. At this time, the market generally rises, and good returns can be obtained. The new fund is still building positions, and the fund is likely to miss the rising market during this period, or there may be a risk of high takeover, and the risk of loss in the later period is relatively large. On the contrary, it is a bear market. At this time, the old fund is difficult to adjust because of the limitation of its position, and its net value will decline to a certain extent. Without these burdens, the new fund can grasp the operation opportunity according to market changes and has obvious advantages.
Through the above comparison, we believe that we have understood whether to buy a new fund or an old fund. Of course, these situations are not absolute. For investors, new and old funds are not the purpose. What is needed is to identify whether the fund can make a profit, understand the fund trading rules, understand the market trend, and avoid non-hot funds with low accumulated net worth.