First of all, we should pay attention to two stages. These funds will be transformed into LOF funds after the closure period, and the transition period will be from July 5 to August 2. During this period, only redemption can be made. From August 3rd, six funds will be officially transformed into LOF funds, and all trading businesses will return to normal, that is to say, trading will be conducted in accordance with LOF trading rules.
So, should these unicorn funds that have been held for three years be redeemed?
Because we want to transform into a new fund, we must pay attention to the fund prospectus or the fund product information summary, and we must pay attention to the proportion of assets within the investment scope in the information. Why?
There is a big gap in the net value of these six funds, and the most important reason behind it is the level of stock positions. Because CDR is not listed on schedule, the strategic placement funds can invest in very few stock targets in the past three years, although they have also participated in the strategic placement of some large-scale stock listings. But overall, the stock position is very low, only about 30% at the highest, and it has been mainly invested in the bond market in the past three years.
After the fund's transformation, the stock position will inevitably increase, which means that the fund's income may increase, on the other hand, the risk of fund net value fluctuation will also increase.
Whether these funds should be redeemed depends on the situation after the transformation, judging their risk tolerance, understanding the operation strategy of fund managers, and their views on the market trend in the market outlook, especially in the second half of the year. If the market is expected to rise sharply, they can allocate offensive technology and growth assets. If the market is expected to remain volatile or even bear market, they need to allocate sound financial management. Judging from the market trend in the past six months, A shares were basically in a volatile market in the first half of the year, and investment opportunities were difficult to grasp under the structural market. From the perspective of balanced asset allocation, prudent financial management is a good choice.