The English name of Buffett Fund is Buffett Fund, which mainly describes Buffett's investment philosophy as long-term value investment.
Buffett's Berkshire Hathaway Company ranks 1 1 in Fortune 20 16 Fortune Global 500. Berkshire Hathaway's business scope includes insurance, candy industry, media, diversification, non-bank finance, investment, and shares of several investment target companies owned by Buffett. The main industries involved are insurance, reinsurance, financial services, oil companies, electric power, new energy, construction, transportation, food and beverage, newspapers, television broadcasting and other industries.
Buffett's investment philosophy is long-term value investment. The long-term investment income of Berkshire managed by Buffett comes from good internal management and external investment. Buffett mainly invests in large companies with high market value, high value ratio, high profit quality, low beta and low kinetic energy (not chasing up and down). As of 201February 3 16, the fund positions are as follows, mainly including American Express, Coca-Cola, Apple, Wells Fargo, United Bank of America and IBM.
Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.
From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.
According to different standards, securities investment funds can be divided into different types:
According to whether fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.