Public Offering of Fund is a kind of securities investment fund that raises funds from public investors in an open way and takes securities as the target. The following are the Public Offering of Fund investment targets raised by Bian Xiao. Welcome to read and share. I hope you will like them.
Public offering of fund investment targets
According to the investment objects, Public Offering of Fund can be divided into six categories: money funds, bond funds, hybrid funds, index funds, stock funds and special funds.
Public Offering of Fund's investment scope
China's Securities Investment Fund Law stipulates that the fund property shall be used for the following investments:
1, listed stocks and bonds;
2. Other securities as stipulated by the the State Council Securities Regulatory Authority. Therefore, the investment scope of securities investment funds is financial instruments such as stocks and bonds. At present, China's funds mainly invest in legally listed stocks, non-public stocks, government bonds, corporate bonds and financial bonds, corporate bonds, money market instruments, asset-backed securities, warrants and so on.
The difference between Public Offering of Fund and private equity funds
1, the proposed object is different. The target of public offering funds is the general public, that is, investors who are not specific to society. The target of private equity fund is a few specific investors, including institutions and individuals.
2. There are different ways to raise funds. Public Offering of Fund raises funds through public offering, while private equity funds raise funds through non-public offering, which is the main difference between private equity funds and Public Offering of Fund.
3. Information disclosure requirements are different. Public Offering of Fund has very strict requirements on information disclosure, such as its investment objectives and portfolio. Private equity funds have low requirements for information disclosure and strong confidentiality.
4. Different investment restrictions. Public Offering of Fund has strict restrictions on the types of investment, the proportion of investment and the matching between investment and fund types, while the investment restrictions of private equity funds are completely stipulated in the agreement.
How many kinds of expenses are involved in fund transactions?
Subscription fee (subscription fee): the subscription fee of a fund refers to the fee that investors need to pay when purchasing a fund. Subscription fees are usually calculated according to a certain proportion (such as a few ten thousandths), and the fees to be paid are determined according to the amount of investment. The specific subscription rate varies with fund companies, fund types and sales channels.
Redemption fee (selling fee): the redemption fee of a fund refers to the fee that investors need to pay when redeeming fund shares. The redemption fee is usually calculated according to a certain proportion, and the required fee is determined according to the redemption share or redemption amount. Some funds may have a "lock-up period" for redemption fees, and redemption during the lock-up period will generate additional fees.
Handling fee: the handling fee that may be involved in fund transactions, such as trading commission in the process of buying and selling. The calculation method and proportion of the handling fee will vary according to the specific brokers, fund companies or sales channels.
Management fee: the fund management fee is the fee charged by the fund company for managing the fund. Management fees are usually calculated according to a certain proportion of fund assets (such as annual rate or daily rate) to pay the operating expenses of fund managers, research teams and fund companies.
Trust fees: Some funds are structured as trust funds, and the fees that investors need to pay to trust companies are used for the custody and management of fund assets.
Please note that different fund products, fund companies and sales channels may have different fee structures and fee levels. Before buying a fund, it is recommended to know the cost information of the fund in detail and consult with investment professionals to understand the calculation method and relevant regulations of the specific cost.
Calculation method of fund purchase cost
Usually, it is calculated in the following way:
Buying cost = buying amount × subscription fee rate
Among them, the subscription amount refers to the investment amount when investors buy funds. The subscription rate is the proportion of subscription fees stipulated by the fund company, usually expressed in units of ten thousand. The calculated purchase cost will be deducted from the investor's purchase amount.