The difference between subscription and subscription
Fund subscription refers to the process of investors buying fund shares during the period of raising open-end funds and before the establishment of funds.
Fund subscription refers to the behavior that investors open a fund account in a fund management company or a selected fund consignment agency and apply for the purchase of fund shares according to the prescribed procedures.
Subscription and subscription are both acts of applying for the purchase of fund shares, and the difference lies in:
Applying for the purchase of fund shares during the issuance and raising period before the establishment of the fund is called subscription, and the subscription price is the price of fund shares;
After the establishment of the fund, the application for subscription of fund shares is called subscription, and the subscription price is the net value of fund shares on that day.
What should I pay attention to when subscribing for a new fund?
1. See whether the fund products are attractive and adapt to the future investment environment of the market. Most new fund products have nothing special in investment concept or product design. However, some new funds have some unique highlights in the products themselves, so it is necessary to read the prospectus carefully to judge whether their investment philosophy conforms to the future market development trend.
2. The investment and research ability of the fund management team/proposed fund manager is the core. The operation of the new fund depends more and more on the comprehensive strength of the overall investment team behind it. This requires analyzing the overall performance, historical performance stability, bull and bear market and other different market stages, investment ideas and investment styles of the fund investment team. If the proposed fund manager has past performance, it can be used as a reference; If not, mainly refer to the overall style and performance of the team.
3. Judge whether the investment style of the management team or fund manager is suitable for the investment concept of the fund and whether it is suitable for the current or future market environment. In the current market situation, the investment style of balanced stock selection ability and moderate and flexible operation is the first choice.
What are the expenses of the fund?
Subscription fee: the handling fee paid by investors when purchasing fund shares during fund issuance and fund raising, which is called subscription fee. The general subscription rate is 1.2%.
Subscription fee: the purchase of funds after the fund raising period is called subscription, and the subscription fee is charged at this time.