First of all, the higher the net transaction value of the fund market, it also shows that the better the market liquidity of this fund, the easier it is to buy and sell. This is good news for investors, because they can buy or sell funds more easily without worrying about the failure of the transaction due to excessive price fluctuations. So from this perspective, high-net-worth transactions are definitely a better choice.
Secondly, from the perspective of investment income, it may be better to have a lower net transaction value. Low net transaction value usually means that the cost of the fund at the time of purchase is lower, so it may also bring higher investment income. For example, suppose an investor bought the same fund at two different times. The net transaction value of the fund at the first time point is 1.0 yuan, and the second time point is 1.5 yuan. If the fund returns remain unchanged in the future, investors who buy at the first time will get higher investment returns. Therefore, sometimes a low net turnover rate may be a better choice.
Third, from the perspective of investment objectives and risk tolerance. Everyone's investment goals and risk tolerance are different, so it is possible for different people to choose a fund with high or low net worth. For example, while pursuing high returns, young people may be more willing to invest in some high-risk funds and bear more risks of market fluctuations, while the elderly may be more inclined to choose low-risk funds and pay attention to capital preservation. Therefore, when choosing a fund, you also need to judge the net transaction value according to your risk tolerance and investment objectives.
To sum up, whether the net transaction value is high or low needs to be analyzed from different angles. From the perspective of investment income, the lower the net transaction value may be better; From the perspective of investment objectives and risk-taking ability, each has its own advantages and disadvantages. Therefore, when choosing a fund, we need to consider all factors comprehensively, and we cannot simply give a judgment of "high good" or "low good".
Why did Liu Shuwei write to the China Securities Regulatory Commission?