Huaan Fund pointed out that as an innovative financial product, public offering of REITs fills the gap in the domestic capital market and is also another new tool for domestic investors to allocate assets. But at the same time, due to the particularity of REITs products, investors need to fully understand the investment direction, risk-return characteristics, investment period and other information when making choices, judge the investment value of products independently, fully consider their own risk tolerance, make rational judgments and make investment decisions cautiously.

According to the data, infrastructure public offering REITs refers to the standardized financial products that raise funds from social investors according to law to form fund property, hold infrastructure projects through special purpose carriers such as infrastructure asset-backed securities, and fund managers actively manage and operate the above infrastructure projects, and distribute most of the generated income to investors. Professionals said that public offering of REITs is a big category of financial products different from stocks and bonds. Overseas market data show that the correlation coefficient between public offering REITs and stocks and bonds is low, which has certain anti-inflation ability and can optimize the overall risk-return level of investment portfolio.

Huaan Fund said that the first batch of public offerings of REITs were sought after, with the active participation of ordinary investors and strong subscription. However, the "difference" of such products also requires investors' attention and a rational view of their investment value.

First of all, the public offering of REITs adopts closed operation, because the basic asset of investment is infrastructure, so the term is longer. Judging from the first batch of 9 products, the closed period ranges from 20 years to 99 years, and investors will not be able to purchase and redeem during the closed period. Secondly, investors need to correctly understand the concept of "compulsory dividend" in public offering REITs. Public offering of REITs is a product with the characteristics of compulsory dividends, but it is also an equity product, not a capital preservation product. Finally, the first batch of public offering REITs will be listed soon. Considering that the capital market is not very familiar with publicly offered REITs and their investment logic, it is not excluded that the secondary market price will fluctuate after the first batch of products are listed. Investors are advised to treat it rationally and avoid chasing up and down, resulting in investment losses.