Why don't funds show positions?
1 Unfinished opening of new fund:
Because positions are generally announced in quarterly reports, interim reports and annual reports, new funds will not and will not be required to announce their positions before they complete their positions, and it usually takes more than four months or even six months to see them.
2. The fund company's interests are damaged:
In fact, the fund does not publish positions, but does not publish real-time positions and all positions. The foundation announced the top ten awkward stocks and their shareholding ratio in the previous quarter about 20 days after the end of a quarter.
In fact, the fund is that we give the funds to it to complete the allocation of assets, and the fund company relies on these to obtain management fees and other income. Because fund institutions are more professional than ordinary investors, if the positions of funds are announced in real time, then we can buy stocks invested by funds directly without buying funds. For fund companies, there is no income at all.
Moreover, there is a competitive relationship between various fund companies and fund managers. If you fully announce your position, it will be very convenient for others to do reference analysis, which is also extremely unfavorable.
3 market disorder:
Moreover, if the fund announces all positions in real time, then retail investors will follow suit, causing the stock price to soar, and retail investors will sell stocks when they make profits, and the stock price will fall rapidly. In this way, the risk of the stock market is greater, which is extremely unfavorable to the overall investment environment.
Therefore, publishing real-time positions and all positions can effectively avoid these problems.