In addition, the design of each fund is different, and the capital preservation mechanism is also different (generally divided into amount capital preservation and share capital preservation).
At present, some capital preservation funds are closed and some are open.
Guarantee amount:
Southern hedge value-added fund, the earliest capital preservation fund, is not open for subscription every day, but can be redeemed every Monday. This only needs to be purchased within the subscription period (in fact, it is equivalent to the subscription period, because it will be guaranteed after three years of purchase) and will be guaranteed after three years of holding.
South Hengyuan Capital Protection was established in June 2008 +0 1 with a duration of 3 years. It expires in June, 20 1 1, and the subscription and redemption can be started at any time, just like stock funds. His capital preservation mechanism is the full capital preservation of investors purchased during the subscription period. Other times: the net value is less than 1 yuan, and the full capital preservation is held at maturity; 1 yuan or more, and the capital preservation amount is investment/net value. For example, if the current net value is 2 yuan, then the investment is 65438+100000 yuan, and the fund company guarantees that you can get at least10/2 = 50000 yuan in 201year. The capital preservation amount is only 50%. Fund companies aim to protect early investors (they all have the same maturity date).
Yin Hua capital preservation is similar to Bank of Communications capital preservation.
Capital preservation of shares:
Jinyuan Lian Bi Gem Power holds shares per share 1.438+0 yuan. If you have a copy of 1.5 yuan now, you will also have a copy of 1.0 1 when you hold it at maturity, and the actual capital preservation amount has not reached 100%.
By comparison, according to the current situation, if the net value of each share is greater than 1, and if the net value is relatively high, the capital preservation ratio of South Hengyuan is more, because the capital preservation ratio is calculated first, and then the handling fee is excluded (so the next share is about 1.0). If it is around 1 yuan, then gold dollar is better than joint gem. If it is lower than 1 yuan, there is risk-free arbitrage in Jinyuan Lian Bi.
At present, we can only buy Southern Hengyuan and Jinyuan Lian Bi Gem Power, and everything else is closed. These two comparisons, whether it is the capital preservation ratio (according to the current net value, South Hengyuan can guarantee about 87%) or the fund performance (in this year's capital preservation fund, South Hengyuan is the second, and Jinyuan is the second last), South Hengyuan is better.
Dividends are not considered in the calculation of the above capital preservation amount. If the fund has dividends in the future, the dividends should be excluded.
Um ... . Looking back, this question didn't score. . . It's no use knocking for a long time