L FoF does not directly invest in stocks or bonds, and its investment scope is limited to other funds. Indirectly holding securities assets such as stocks and bonds by holding other securities investment funds. It is a new type of fund that combines fund product innovation and sales channel innovation. On the one hand, FoF binds multiple funds together, and investing in FoF is equivalent to investing in multiple funds at the same time, but the cost of individual investment is greatly reduced; On the other hand, unlike pure sales plans such as fund supermarkets and fund bundle sales, FoF completely adopts the legal form of funds and operates according to the operation mode of funds; FoF contains the long-term investment strategy of the fund market. Like other funds, FOF is a financial tool that can be invested for a long time.
L FoF is a kind of fund that specializes in investing in other securities investment funds. FoF does not directly invest in stocks or bonds, and its investment scope is limited to other funds. Indirectly holding securities assets such as stocks and bonds by holding other securities investment funds. It is a new type of fund that combines fund product innovation and sales channel innovation. On the one hand, FoF binds multiple funds together, and investing in FoF is equivalent to investing in multiple funds at the same time, but the cost of individual investment is greatly reduced; On the other hand, unlike pure sales plans such as fund supermarkets and fund bundle sales, FoF completely adopts the legal form of funds and operates according to the operation mode of funds; FoF contains the long-term investment strategy of the fund market. Like other funds, FOF is a financial tool that can be invested for a long time.
The investment group of l FoF consists of novice fund investors, investors who have rich fund investment experience but have no time to manage their portfolios, pension beneficiaries and investors who want to invest in a special type of fund. Like traditional funds, FoF has its own investment objectives. Some FOFs aim at growth, while others aim at obtaining actual investment income. However, according to the available data, FoF in the US market does not have a specific benchmark for fund performance. They often use one or more corresponding indexes as the benchmark for performance comparison according to the final asset category.
1.Since July, two more securities firms' fund pool financing plans have been approved for issuance one after another, which has expanded the number of securities firms' FOF products in the market to three, namely, the classic portfolio of "Golden Financing" of China Merchants Fund Bao and Everbright Sunshine No.2. It is understood that other innovative securities firms are also preparing to launch FOF products, and investors will have more choices.
2. As the first domestic brokerage firm, China Merchants Bao Fund has been in operation for more than a year, and has achieved more than expected performance. According to its semi-annual report released a few days ago, as of June 30 this year, the net share of the plan has increased by 17.9 1% this year, with a cumulative increase of 24.86% since its establishment. Observing its investment portfolio, it is found that the investment ratio of the fund reaches 92. 14%. Among the top ten fund varieties, money funds occupy six seats, accounting for about 20% of the total net value, which shows that their style is relatively conservative and steady.
3. Comparing the FOF products of three securities firms, investors should focus on their investment scope, performance standards and expectations, income distribution, liquidity and expenses.
4. For example, the classic portfolio of Guo Xin's "Golden Wealth Management" is enhanced FOF. In addition to the main investment funds, it can also invest in fixed-income securities and stocks, of which the investment ratio of stocks does not exceed 20%. The other two products are basically limited to funds, so the style of the classic combination of "financial management" is relatively more radical, with higher risks and benefits.
5. In terms of income distribution, the distribution ratio of the classic portfolio of "wealth management" is relatively high, not less than 95% of the net income of the year; In terms of cost, in addition to charging a management fee of 0.6%, the fund treasure will also extract a certain percentage of performance rewards when the annualized rate of return exceeds 5%; Sunshine 2 has the best liquidity and is open once a week, while the classic combination of fund treasure and "wealth management" is open once every three months and once every six months respectively.
In addition to the characteristics of the product itself, investors should also focus on the research and investment capabilities of managers, including whether the fund research and evaluation system is complete, whether the staffing is sufficient and powerful, whether investment and research are closely combined, and whether the investment decision-making process is smooth and scientific.