Fund information disclosure refers to the information disclosure made to the public by the relevant parties in the fund market in a series of links such as fund raising, listing and trading, investment operation, etc. For your convenience, let's take a look! Share with you what is called fund information disclosure. Welcome to read!
What is fund information disclosure?
Fund information disclosure means that fund companies provide investors with relevant information and reports about funds publicly. This information includes the fund's investment strategy, investment portfolio, performance, cost structure, risk factors, fund managers and so on. The purpose of fund information disclosure is to protect the rights and interests of investors, increase transparency and help investors make wise investment decisions.
What misunderstandings should be paid attention to in fund operation?
Blind pursuit of excess returns: Some investors may blindly pursue excess returns and ignore risks while pursuing high returns. Investors should set reasonable investment expectations according to their own risk tolerance and investment objectives, and choose funds that meet their own risk preferences.
Ignore fund fees: fund fees have a direct impact on investors' returns, including management fees, custody fees and sales service fees. Investors should carefully understand the composition and proportion of fund fees, so as to avoid the unnecessary impact of excessive fees on investment returns.
Short-term investment mentality: fund investment is a long-term investment behavior, and short-term fluctuations and ups and downs should not be the only criteria for judging the value of funds. Investors should keep a long investment horizon and make long-term investment plans according to their own asset allocation and risk preference.
Do not understand the investment strategy and risk of the fund: investors should carefully understand the investment strategy and risk factors of the fund when choosing the fund. Different types of funds have different investment strategies and risks, so investors should choose the right fund according to their risk tolerance.
Not paying attention to the information disclosure of funds: investors should pay attention to the information disclosure of funds regularly, including regular reports, quarterly reports and annual reports. By carefully reading the information disclosure of the fund, we can better understand the operation of the fund, the investment portfolio and the performance of the fund manager.
The purpose of fund information disclosure
Relying on mandatory information disclosure, cultivating and improving the market operation mechanism and enhancing the understanding and confidence of market participants is a common practice in securities market supervision all over the world, and the fund market as an integral part of the securities market is no exception. Generally speaking, fund investment is "entrusted by people, professional financial management", and fund holders, as clients, have the right to know relevant information about fund operation and asset changes. People often say that "sunlight is the best disinfectant" and "street lamps are the best policemen". Through compulsory information disclosure, fund information can be truly, accurately, completely, fairly and timely disclosed, the transparency of fund operation can be enhanced, and the legitimate rights and interests of fund parties, especially fund holders, can be effectively protected.
Fund information disclosure requirements
The disclosure of fund information shall meet the following requirements:
1. comprehensiveness: this is a requirement for the scope of fund information disclosure. FuUDisclosule requires the parties involved in information disclosure to fully and completely disclose the information of all legal matters in accordance with the law, and there shall be no omissions or deficiencies. Information that may have a significant impact on the rights and interests of fund holders or the transaction price of fund shares must be fully disclosed, and there shall be no concealment or major omissions.
2. Authenticity: The core of information disclosure is the authenticity of information. The publicly disclosed fund information shall be true and accurate, and there shall be no false records or misleading statements.
3. Timeliness: This is the time requirement of information disclosure operation. TlmelyDisclosure requires all parties involved in information disclosure to disclose relevant important information in a timely manner.
Principles of fund information disclosure
The principles of disclosure are divided into: substantive principle and formal principle. The so-called substantive principles include authenticity, accuracy, integrity, timeliness and fair disclosure. The principle of form includes normative principle, easy to understand principle and easy to obtain principle.
Substantive principle
1. principle of authenticity
The principle of authenticity is the most fundamental and important principle of fund information disclosure, and the information required to be disclosed should be based on objective facts and reflect the true state, and should not be distorted or whitewashed.
2. The principle of accuracy
The principle of accuracy requires that information disclosure should use accurate language, and there should be no misunderstanding in content and expression, and vague language should not be used.
3. Integrity principle
All important things should be made public.
4. The principle of timeliness
Disclosure of interim report within 2 days from the date of major events. The fund manager updates the prospectus every six months.
5. The principle of fair disclosure
The principle of fair disclosure requires that information be disclosed equally and openly to all investors in the market, not just individual institutions or investors.
(B) the principle of form
1. Normative principles
The normative principle requires that the fund information must be disclosed in accordance with the statutory content and format to ensure the comparability of the disclosed information.
2. Solvability principle
The principle of comprehensibility requires that the expression of information disclosure should be concise, easy to understand and avoid using lengthy and technical terms.
3. The principle of usability
The principle of accessibility requires that publicly disclosed information can be easily obtained by the general public.
In addition to the newspapers and websites designated by laws and regulations, the information disclosure obligor may also disclose information in other public media, but it should be noted that other media shall not disclose information earlier than the designated newspapers and websites, and the same information disclosed by different media shall be consistent.