Mrs. Du lost a lot last year, and didn't add any more money this year, but she still insisted on making a fixed investment every month, with a calm mind. She said to Xiao L, "Xiao L, it seems that you have made a profit in this market this year. A while ago, you kept saying that the American stock market was good. Did you buy QDII funds to invest in US stocks later? "
"Well, I bought a little. QDII funds did not perform well in the past, and domestic fund managers did not have rich experience in overseas market investment, so they did not buy more. " Xiao L said that QDII funds have never expected to make big money, which is purely configuration. "In fact, I don't recommend friends to buy such funds, because the cost is more complicated and there are some restrictions on redemption. If you want to buy them, you must know them. "
"I know the cost is high. The maximum subscription fee for domestic A-share equity funds is generally 1.5%, and the subscription fee for QDII funds is different. There are 2 QDII funds whose subscription fees exceed 1.5%, mainly distributed between 1.35% and 1.75%. The minimum subscription fee for Nuoan Global Gold, Harvest Gold, Huitianfu Gold and Precious Metals is 0.8%, and the maximum subscription fee is 65438+SDIC Morgan Asia Pacific Advantage is 0.80%. " Mrs. Du had heard from Xiao L that the US stock market was doing well this year, and she also thought about buying QDII funds to invest in US stocks, so she made some understanding.
"Yes, in general, the subscription fee is relatively high. On the one hand, the subscription fee is relatively high, and it takes time to purchase and redeem, which means the time cost is relatively high. In the context of making money, these two points should not be underestimated. " Little l began to elaborate. First of all, under normal circumstances, non-QDII fund registration institutions confirm the validity of the transaction within T+ 1 day. QDII funds should be postponed for one trading day, that is, to confirm the validity of the transaction for investors within T+2 days. Secondly, the payment time of redemption money is different. For non-QDII funds, after the investor's redemption application is successful, the fund manager will pay the redemption money within T+7 days (including that day). QDII Fund will extend the payment time to T+ 10 days. In addition, the prospectus of some QDII funds also indicates that "if the main markets invested by the fund are closed, the fund manager will transfer the redemption money to the fund share holder's account through the registration institution and its related fund sales institutions within T+ 13 days at the latest". There are two main reasons for the long redemption payment time: First, the settlement of funds in the global market with time difference is one working day later than that in the domestic market. This is also the main reason why the confirmation time of purchase and redemption is different. Second, the exchange process after the settlement of foreign exchange also affects a certain speed of arrival.
Therefore, when investing in QDII products, we should not only consider the expected annualized expected return risk of the fund in the past, but also estimate the loss of payment fees and time value.
Introduction reading
Pay attention to QDII funds in a timely manner
How to choose QDII fund? What problems should we pay attention to when choosing QDII funds?
The issuance of QDII, a high valuation fund in the A-share market, has obviously accelerated.