The share purchased by the fund before still belongs to you. As long as the next day is a trading day, you will continue to enjoy the gains or losses. If the deduction is suspended, you can sell the share you bought. The price is calculated according to the net value of the fund at the close of the day you sell it.
Alipay (China) Network Technology Co., Ltd. is a domestic third-party payment platform, which is committed to providing "simple, safe and fast" payment solutions. Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It owns two independent brands, Alipay and Alipay Wallet. Since the second quarter of 20 14, it has become the largest mobile payment manufacturer in the world.
Alipay has established strategic cooperative relations with more than 80 banks at home and abroad, as well as institutions such as VISA and MasterCard, and has become the most trusted partner of financial institutions in the field of electronic payment.
(1) 10% cost ant stock
This is the biggest attraction of this new fund.
It is reported that the Ant Group (Alipay) will be listed in both the Hong Kong stock market and the A-share market in the middle and late of 10.
Top companies like this make people drool.
Especially in the current hot technology, if you can play new shares, you can make money with a high probability.
However, it is still difficult to simply play new ones.
In terms of Hong Kong stocks, it is difficult to open an account with a Hong Kong card, while science and technology innovation board, a share, has a threshold requirement of 500,000 funds.
Even if the threshold is reached, the probability of hitting is low.
For Xiao Bai, this is very unfriendly.
The five strategic placement funds on Alipay's side can be regarded as a shortcut, starting from one yuan, with almost no threshold.
These funds participate in the strategic placement of ants, which is equivalent to directly getting new shares at the issue price.
Ants account for 10% of the fund, which is the maximum position of a single stock.
0 threshold directly to the issue price to get the stock of ants, Alipay's hand, can be said to be full of sincerity.
(2) The remaining 90% share is selected by the fund manager.
Focus of investment industry: information technology, high-end equipment, new materials, new energy, energy conservation and environmental protection and biomedicine.
They are all hot sectors in recent years, and there are many high-value and high-growth industries.
The final income depends on the ability of the fund manager and the performance of the market. First, analyze the advantages and disadvantages of these funds.
Advantage 1: Ant Group with a cost of 10% will have a wave of new shares in theory if it is not overvalued. I am optimistic about ant stocks for three reasons:
(1) Excellent performance and huge market imagination.
According to the prospectus of Ant Group, the annual active users of Alipay have exceeded 654.38 billion, and the monthly active users have exceeded 700 million. Except for 400 million old people and children, it can be said that almost all China people are loyal users of Alipay, and the market imagination is huge.
In terms of performance, Ant's micro-loan technology platform, financial technology platform and insurance technology platform all rank first in the market.
As far as consumer credit is concerned, the balance of ant consumer loans in 20 19 years is about equal to the sum of 10 national banks such as Postal Savings Bank, China CITIC Bank, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank and China Merchants Bank.
The company's net profit and revenue growth rate (about 40% high growth) in the past three years are also very beautiful, which is a leading technology.
(2) the valuation is not too high
At present, ants value themselves at about $250 billion, which shows that the PE of the whole company is about 46.3 times.
And companies with the same type of A shares,
Oriental Fortune, Internet business only accounts for 1/3 (the remaining two-thirds are low-valued brokerage business), and PE is as high as 76 times;
Straight flush, pure internet stock trading platform, PE up to 80 times valuation;
The same technology 50, PE up to 80 times the valuation.
Compared with these companies, the valuation level of ants is really not too high.
(3) There is sufficient ammunition in the market.
Things are scarce, and high-quality stocks like ants are rare for ten years, which will surely become the object of keen interest of institutions.
According to the compilation rules of Kechuang 50, ants whose market value exceeds Jinshan (the largest constituent stock of Kechuang 50) 10 times will immediately become the largest constituent stock of Kechuang 50 after one month of issuance.
The inclusion of SSE 500 and CSI 300 is also certain, only a matter of time.
When fund managers allocate technology funds, ants are the first choice.
When the market is hot and the market is full of ammunition, the future trend of ants will not be bad.
Advantage 2: Top fund companies and top fund managers.
The remaining 90% positions need to test the ability of fund managers.
Almost all the top five fund companies use the strongest fund managers to steer these funds.
Like the old street south of Huitianfu, the industry has decentralized its holdings of leading styles and has been shortlisted for all high-quality active bases.
Zhou Yingbo of Central Europe, a rising star in recent years, earned the top 10% for four consecutive years, which is the only one in the whole market.
The king of Penghua, a 10-year veteran, is a bit like the old world, calm and sophisticated.
Hao Chen of Yifangda and Zhou Keping of Huaxia, who are like Zhou Yingbo in style, are famous experts specializing in emerging industries.
The top five ace fund managers are strong, and the final income will not be very strong, but at least it will not look too outrageous.
This is also the fundamental reason why I think the new ant fund can kill more than 80% of the new funds on the market.
When the advantages are over, let's talk about risks.
Disadvantage 1: Emerging industries are on the high side.
At present, the price-earnings ratio of CSI Science and Technology Index is 57.65 times, and the historical percentile is 84.62%.
The price-earnings ratio of CSI Medical Index is 72.25 times, and the historical percentile is 77.27%.
It's all expensive! Not a good buying node.
Even if there are 10% ants, if 90% of the positions grow less than expected, the value will return.
There may be a big floating loss, so be careful.
Moreover, emerging industries fluctuate greatly and are prone to ups and downs, which is not suitable for relatively stable friends.
Disadvantage 2: 18 months lock-up period.
This is the characteristic of strategic delivery. You can get new shares at the cost price, but also promise not to sell them immediately after listing.
For the basic people, after buying these funds, they want to sell them in 2022.
This is not as flexible as an open-end fund and can be traded at any time.
If there is a big bubble in this 18 month, it will be impossible to make profits in time.
So, I can buy:
If you are an investor who hates volatility and has a steady style, it is not recommended.
High position+high fluctuation+liquidation will make you uncomfortable.
If you are optimistic about emerging industries, you want to taste the freshness of ants.
Risk tolerance is relatively strong, and there is another spare money that can't be used up for two years.
You can participate appropriately, but it is recommended that the position should not be too high.
Focus on the best fund managers, such as Zhou Yingbo and Lao Jienan.
Want to compare, this fund of Ant is much more reliable than the new fund with more than 80% now.
05
Finally, talk more about the risks of the new fund.
Every time a new fund is issued, the major channels always talk about income and don't talk about risk.
Funds are like sound financial products, but in fact they are not like this at all.
(1) Everyone should at least be wary of new funds with high positions.
At present, the stock market has been running between 3200 and 3300, which is hardly an ideal point.
At this time, the new fund raised does not have any positions, and it often takes up to three months to gradually open positions in the process of rising bull market.
If it continues to rise to 3500 points or even 4000 points in the next three months, the high probability is high.
No matter how powerful the fund manager is, it is impossible to make money in a short time with such expensive chips.
You may ask, why don't fund managers choose high positions to sell stocks?
There are two reasons:
1. In the fund contract signed between Public Offering of Fund and everyone, the fund manager is required to keep a certain position at any time (the CSRC stipulates that the stock fund is 65%+, and the contract generally stipulates 80%+).
Even in the tragedy of 15 stock market crash, the fund manager still can't sell all the shares for cash, because the contract won't let him.
Some pure stock funds even want to buy debt base at this time, which is limited by rules.
2. Some Public Offering of Fund are too big to withdraw their funds immediately at the turning point of the market, so they can only hold their ground and seize the fluctuation.
If it is an old fund with a low position, it is good to say that there are still some floating profits. As long as it is properly controlled, the whole will not lose money.
However, for those new funds that build positions in the bull market, buying at a high point is seriously trapped, so that the basic people's money can quickly evaporate in just a few weeks.
Especially those funds that have been closed for three years in one breath, it is difficult to redeem even the stop loss.
(2) You may be curious, why do fund companies insist on issuing new funds at this time knowing that this will happen?
Silly boy, because you can buy leeks.
Fund companies make money from management fees.
Take equity funds as an example, the annualized management fee of equity funds is 0.8%- 1.5%.
Fund companies make money mainly because of its scale effect. The income difference between management 1 100 million and management1100 million is 100 times, but the cost is similar.