More than 80% of the assets invested in stocks are stock funds, but the fund risk coefficient of 80% stock positions and 95% stock positions is definitely different.
Only by understanding the characteristics of funds can we do a good job in funds, and the key to doing a good job in fund investment is to do a good job in fund allocation.
Let's take the fund of Guangfa Fund Company as an example to make an explanation (which does not constitute investment advice).
Guangfa Lixin flexibly allocates and mixes: the stock ratio is 0-95%, and 5% of cash or treasury bonds with maturity within one year are reserved. Current allocation: stock 62. 17%, bond 9.59%, cash 27.82% and other 0.42%.
Guangfa resources preferred stock: the share ratio is 80%-95%, in which the share of resources industry stocks in non-cash fund assets is not less than 80%, and the government bonds within one year are not less than 5% of the self-examination net value of the fund. Current allocation: stock 92. 18%, cash 6.94%, other 0.88%.
Guangfa's high-end manufacturing stocks: the proportion of stocks is 80%-95%, of which the proportion of non-cash fund assets invested in high-end manufacturing stocks is not less than 80%, and the cash or government bonds with maturity within one year are not less than 5% of the fund's net asset value. Current distribution: 83.69% shares, 65,438+04.87% cash and 65,438+0.44% others.
Guangfa's steady growth portfolio: flexible allocation of stocks, bonds and cash. The upper limit of stock investment is 65% and the lower limit is 30%. Current allocation: stock 48.52%, bond 42. 12%, cash 3.89% and others 5.47%.
Reserve cash and treasury bonds to ensure the redemption of normal fund holders, generally not less than 5%.
The stock investment limit of Guangfa Lixin is 95%, and the steady growth of Guangfa can only be maintained at 65% at most. In the bull market, Guangfa Lixin is more likely to benefit from the bull market. In a bear market, if the market adjustment ratio is not judged in time, the risk will definitely be higher.
The other two are equity funds with different investment directions. If there is good news in the resource industry, Guangfa's resource optimization may rise even better. If there is more good news for the high-end manufacturing industry, Guangfa's high-end manufacturing stocks may rise even better. In addition, under the current asset allocation, the preferred stocks of Guangfa Resources account for 92. 18%, and the high-end manufacturing stocks of Guangfa account for 83.69%. The former will be more risky.
Different funds have different returns and risks, and asset allocation is the core to determine the risk of a fund.