Different REITs are suitable for different investors. For example, REITs with expressway management rights may be favored by institutional investors such as bank wealth management and fund companies, because the cash flow is stable and the risk of fluctuation is relatively small; Property rights REITs, such as industrial parks, warehousing and logistics, are more suitable for investors with higher risk appetite because they will involve leasing issues and have greater risk of cash flow fluctuation.
It is worth noting that according to the prospectus, the duration of the project is very long, ranging from 15 to 99 years. How to explain the duration to investors? After the deadline expires, does the project face the problem of delisting?
In this regard, Soochow Fund said that some investors may not choose to hold the maturity. In order to meet the needs of investors with different investment periods, protect the interests of investors to the greatest extent, and make them have a better investment experience, investors who subscribe with OTC funds accounts can also transfer funds to the market for trading through the transfer custody business, and obtain relatively sufficient liquidity.
In addition, these products also charge management fees, custody fees, subscription fees and other fees. The management fee adopts the fixed+floating mode, because it adopts the closed operation mode, and there is no subscription fee and redemption fee.
Of course, infrastructure REITs are a new type of funds, and investors should understand the risk-return characteristics of such funds and not blindly invest.