The difference between old fund and new fund
First, the difference between the new fund and the old fund issuance process:
The new fund, as its name implies, is a newly sold fund. The purchase of fund products during the initial offering is called subscription; During the subscription period of Xinji, the order cannot be cancelled.
The purchase of the old fund is called subscription. Different from the old fund, the new fund has to go through five stages from issuance to opening: filing review, starting to raise, ending raising, fund establishment and opening to apply for redemption.
Second, the difference between new and old bases under different market conditions:
1 Difference between old and new funds in bull market
The new fund is in the opening period and its initial position is very small. After the opening, the bull market also rose for some time; Because the old fund has always maintained a certain position, it also fully enjoyed the rise during this period during the opening of the new base.
2 The difference between old and new funds in bear market or shock market
At the beginning of the new fund, because the position is small, the decline and fluctuation are relatively small, and the fund manager can wait until the market is clearer before opening a large position; However, because the old fund has position regulations and invested according to the previous strategy, even if the market situation changes, it will be difficult to adjust the investment of the fund and it will take some time to make adjustments. Of course, it cannot be said that the old fund will not follow the market, but the investment strategy of the new fund at this time is clearer and more convenient for investors with clear investment direction.
In short, the difference between the new fund and the old fund comes not only from the issuance time, but also from the preferences of different investors. The biggest difference between the new fund and the old fund is that after the new fund is reissued, it is on the rise for a period of time, and everyone has a higher desire to buy and a better development potential. But there are many uncertainties in the new fund, which may bring losses to investors. The advantage of the old fund is to overcome these uncertainties, but in terms of development potential, the old fund is not as good as the new fund.