Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. Bian Xiao compiled what is a "sub-new fund" here for your reference. I hope everyone will gain something in the reading process!
What is a new fund?
A simple understanding is that the new fund has passed the "closed period" and can normally accept business such as subscription, redemption, conversion and fixed investment.
Note that the closed period here is the normal operation process of the new fund, not the fund type of closed period, and many friends will be confused.
The closure period of the new fund is generally not more than 3 months, subject to the announcement of the fund company. If you miss your favorite fund manager's new product, or buy less, it is a good time to open it before buying it.
Why buy a new fund?
In fact, the end of the year and the beginning of the year may be a good time to buy funds.
On the one hand, according to the previous market rules, A shares often have a wave of spring agitation at the beginning of the year. Usually, after the Spring Festival, the two national conferences are held, and the expectation and landing of intensive policies will help boost market sentiment. On the other hand, the first quarter is also the time for companies to prepare for a big fight. Coupled with the disclosure of annual reports and strategic plans of listed companies, the market may usher in a peak construction season.
Buying a new fund at the end of the year can not only smooth out the market fluctuation during the opening period, but also catch up with the "good start" market.
Generally speaking, the liquidity is tight at the end of the year, and the income of monetary fund products will rise. If you buy a new fund this time, the funds raised during the opening period may also enjoy the potential relatively high interbank deposit income and so on.
In addition, many investors are worried that "the fund has been good for two years, what should we do next year?" Let's take a step back and say that if the market is really dull next year, why not get on the bus earlier, or wait for the market to come before catching up? Maybe others are already considering taking profits, and you are still waiting to see the opportunity to get on the bus.
What should I pay attention to after buying a new fund?
1, don't pay too much attention to short-term net value fluctuations.
The new fund is still in the opening period, and the proportion of investment in stocks is probably not full. It is normal for many fund managers to build positions slowly and fail to keep up with the market rise or shock the market decline. Don't panic after falling for a week in a row. If you leave rashly at this time, your previous investment will be in vain.
In particular, partial-share actively managed funds, if they are not prepared to hold 1-3 years, it is best not to buy them from the beginning.
2. Don't compare the new funds during the opening period.
Each fund manager's opening strategy is different, and the result is that the proportion of assets invested in stocks, bonds, etc. is different, which is finally reflected in the gap in net worth performance. It is really unfair for fund managers to compare at this time.
3, just look at the valuation, don't take it seriously!
The valuation algorithm of each sales platform is different, but most of them are based on the top ten quarterly reports disclosed by the fund. However, due to the short establishment time of the new fund, the quarterly report was not disclosed. (Note: Even the valuation of old funds that have disclosed quarterly reports is for reference only, and the specific increase or decrease is subject to the net value ~)
To add a knowledge point, if the establishment date of the new fund is less than 2 months from the end of the quarter, the current quarterly report will not be disclosed. For example, CEIBS Alpha was established on August 20, 2020, and a quarterly report will be disclosed in four quarters.
4. It is recommended to buy more in the early stage, and buy in batches or on dips after opening positions.
In the early stage, because we are still in the period of opening positions, the investment is more flexible, and having professional fund managers to help us judge the market and grasp the rhythm is much better than our own operations such as timing and adjusting positions. If you fancy a new fund, you can consider buying more in the early stage. After the fund opens a position, it can consider buying in batches or on dips in combination with market performance.
In the past two years, the returns of funds purchased by many investors are generally unsatisfactory. What caused the large losses of most funds? Mars, an analyst at Shanghai Securities Fund Evaluation Center, pointed out that, first of all, the essence of fund products is the combination of securities, and the performance of fund income is closely related to the performance of the underlying market. In the continuous decline of the stock market, it is difficult for equity funds and hybrid funds, which mainly invest in stocks, to achieve positive returns. In the case of rising stock market, most partial stock funds can often achieve positive returns. Therefore, it is impossible for funds to create myths and create high positive returns in the continuous decline of the market in recent years.
From the long-term performance, in most cases, the overall performance of funds is better than that of individual investors, especially in bull markets and volatile markets. For example, in 2006 and 2007, more than 80% of equity funds achieved a return of more than 100%, while the proportion of individual investors was less than 20 12 years. Nearly 50% of equity funds have achieved a return of 5% to 30%. According to the survey, more than 50% of individual investors have lost between 5% and 50%. Therefore, the fund is still a good investment tool for individual investors to participate in the capital market.
All kinds of problems, whether China's stock market construction, economic development or asset management industry, can't be eliminated in a short time, and all need the rationality of the market as a whole to promote it. However, as investors themselves, we must measure our risk tolerance clearly and not blindly listen to the propaganda of sales staff. If your risk tolerance is weak, or the funds you want to use in the short term, you can't invest too much in a single stock fund to avoid being greatly affected by the risk of stock market fluctuations. Therefore, for individual investors, it is more meaningful to have a long-term investment mentality, choose appropriate fund products according to their own risk tolerance and renewal, avoid excessive pursuit of popular funds with outstanding short-term returns, pay more attention to funds with relatively stable long-term performance, and spread risks through fixed investment and portfolio allocation to obtain long-term stable returns.
Tip:
First, we should pay attention to arranging the proportion of fund varieties according to our own risk tolerance and investment purpose. Choose the fund that suits you best, and set an investment ceiling when buying partial stock funds.
Second, be careful not to buy the wrong "fund". The popularity of funds has led to some fake and shoddy products "fishing in troubled waters", so we should pay attention to identification.
Third, pay attention to the post-maintenance of your account. Although the fund is worry-free, it should not be left unattended. Always pay attention to the new announcements on the fund website, so as to have a more comprehensive and timely understanding of the funds you hold.
Fourth, pay attention to buying funds, and don't care too much about the net value of funds. In fact, the fund's income is only related to the net growth rate. As long as the fund's net growth rate stays ahead, the income will naturally be high.
Fifth, we should be careful not to "love the new and hate the old" or blindly pursue new funds. Although the new fund has inherent advantages such as preferential prices, the old fund has long-term operating experience and reasonable positions, which is more worthy of attention and investment.
Sixth, we should be careful not to buy dividend funds unilaterally. Fund dividend is the return of investors' previous income, so it is more reasonable to change the dividend method to "dividend reinvestment" as far as possible.
Seventh, we should pay attention not to talk about heroes in the short term. It is obviously unscientific to judge the pros and cons of the fund by short-term ups and downs, and it is necessary to make a comprehensive evaluation of the fund in many aspects and conduct a long-term investigation.
Eighth, we should pay attention to the flexible choice of investment strategies such as steady and worry-free fixed investment and affordable and simple dividend transfer.
Fund-related articles:
★202 1 Why did the fund fall?
★ Market analysis
★ What is the principle of fund valuation?
I want a big chance.
★ Experience of stock investment celebrities
★ What are the types of pension trusts?
★202 1 The decline in stock turnover represents the significance.
I want a big chance.
★ stock market terms's dead fork
I want a big chance.