What is graded fund a?
The graded fund family includes parent fund, Class A graded fund and Class B graded fund. For example, Grade A and Grade B are brothers, and the parent fund gives each of them an investment of 1 10,000 yuan. The investment style of Grade A is moderate, while that of Grade B is extreme.
Class B told Class A that if you lend me the money, I will give you 5% annualized expected income. Class a felt that there was a fixed interest income and accepted it. In the future, regardless of whether the stock market with Grade B is profitable or deficient, interest of Grade a5% will be paid.
From this perspective, A-class can be regarded as a bond. Moreover, the default risk of such bonds is much lower than that of exchange bonds. As long as B doesn't lose all, A's principal and interest are guaranteed.
Like bonds, when the market interest rate goes up, the price of Grade A will fall; When the market interest rate falls, the A-level price will rise.
What is the expected return of Grade A?
Generally speaking, the agreed expected rate of return for Grade A is 1 year fixed deposit rate +3% or 5%. According to statistics, at present, the average agreed annualized expected rate of return of Grade A in the market exceeds more than half of 5%.
If Grade A is purchased at a discount in the trading market (stock trading software) (the market price is lower than the net value of the fund), the actual income is higher than the agreed annualized expected rate of return; If you buy at a premium, the actual income will be lower than the agreed annualized expected income.
How to buy Grade A?
According to the Guidelines for the Management of Graded Fund Business, the investment threshold for qualified investors of graded funds is 300,000 yuan. After the new asset management regulations, graded funds will probably be listed around 2020, and graded A funds can be bought and sold through stock accounts, but their trading volume has declined. When choosing such funds, we should pay attention to the scale of on-site transactions and guard against liquidity risks.