Fund, broadly speaking, refers to a certain amount of funds set up for a certain purpose. Under the background that new funds continue to be sought after, novice investors often ask a question: which is better to buy new funds or old funds? Today, Bian Xiao will share with you whether to buy a new fund or an old fund, for your reference only!

Comparison between old and new funds

First, let's understand why so many investors tend to buy new funds. There are two main reasons:

First, it is affected by the level of net worth. The net subscription value of new funds is generally 1 yuan, while the net subscription value of old funds may be relatively high because of their early establishment. According to the data, the fund with the highest unit net worth has even reached 2 1.86 yuan.

Buying low and not buying high has always been the general investment mentality of the people. They even simply think that funds with high net worth have insufficient potential for future growth, and instead buy new funds with a net worth of 1 yuan.

In addition to the influence of net worth, many investors are also easily influenced by the traditional concept of buying new funds instead of old ones, and psychologically prefer new funds. Fund companies and sales organizations generally devote more resources to the issuance of new funds in product marketing, which also guides customers' choices to some extent.

However, while the new fund is very popular, some investors think that the old fund is better in liquidity and transparency.

First, in terms of liquidity. After the establishment of a new fund, it will generally enter a closed period of no more than three months, during which it cannot be redeemed. At this time, if you need money urgently, it will often be more troublesome, but the old fund will not have this trouble.

Second, the level of transparency. The historical performance of the fund is an important reference index for investment. We can read the quarterly and annual reports to understand the operation ideas, positions and heavy stocks of old funds, and understand the investment style of fund managers. However, for the new fund, it is difficult to make investment decisions based on the performance because there is no relevant historical performance and other information as investment reference at the initial stage of its establishment.

Comparison of income between old and new funds

In fact, Bian Xiao believes that both new funds and old funds are essentially a relative concept. As far as investment is concerned, everyone is most concerned about the ability to make money behind it. Then we might as well look at the investment income to see whether the new fund is good or the old fund is good!

We take 20 16, 20 17, 20 18, 20 19 as the boundaries to see the performance comparison between newly established funds and old funds in different years.

As can be seen from the data comparison, the overall performance of the A-share market in the past two years has been good. As the new fund is in the opening period, the initial position is relatively low. After the completion of opening positions, the market may have risen for some time, so the overall performance is not as good as that of the old fund in the same period. Take 20 18 as an example. The income of the old funds established before 20 18 in recent 1 year and recent 2 years is 60% and 139% respectively, which is slightly higher than that of the new funds established after 20 18.

However, in a long period of time, the income of the old fund established before 20 16 in the past three years and four years is 80% and 108% respectively, and the overall income of the new fund established after 20 16 is not much different. Therefore, new and old funds may be affected by market conditions in the initial stage of opening positions, but if the fund investment is compared to a long marathon, the gap in the initial stage will often be filled by years.

Therefore, for fund investment, especially active stock funds, the most important thing is to look at the management level of fund managers and the strength of fund management companies behind them. Old and new are not the key factors. Choose a good fund manager and give him more patience and time to wait for flowers to bloom.

In the past two years, the returns of funds purchased by many investors are generally unsatisfactory. What caused the large losses of most funds? Mars, an analyst at Shanghai Securities Fund Evaluation Center, pointed out that, first of all, the essence of fund products is the combination of securities, and the performance of fund income is closely related to the performance of the underlying market. In the continuous decline of the stock market, it is difficult for equity funds and hybrid funds, which mainly invest in stocks, to achieve positive returns. In the case of rising stock market, most partial stock funds can often achieve positive returns. Therefore, it is impossible for funds to create myths and create high positive returns in the continuous decline of the market in recent years.

From the long-term performance, in most cases, the overall performance of funds is better than that of individual investors, especially in bull markets and volatile markets. For example, in 2006 and 2007, more than 80% of equity funds achieved a return of more than 100%, while the proportion of individual investors was less than 20 12 years. Nearly 50% of equity funds have achieved a return of 5% to 30%. According to the survey, more than 50% of individual investors have lost between 5% and 50%. Therefore, the fund is still a good investment tool for individual investors to participate in the capital market.

All kinds of problems, whether China's stock market construction, economic development or asset management industry, can't be eliminated in a short time, and all need the rationality of the market as a whole to promote it. However, as investors themselves, we must measure our risk tolerance clearly and not blindly listen to the propaganda of sales staff. If your risk tolerance is weak, or the funds you want to use in the short term, you can't invest too much in a single stock fund to avoid being greatly affected by the risk of stock market fluctuations. Therefore, for individual investors, it is more meaningful to have a long-term investment mentality, choose appropriate fund products according to their own risk tolerance and renewal, avoid excessive pursuit of popular funds with outstanding short-term returns, pay more attention to funds with relatively stable long-term performance, and spread risks through fixed investment and portfolio allocation to obtain long-term stable returns.

Precautions:

First, we should pay attention to arranging the proportion of fund varieties according to our own risk tolerance and investment purpose. Choose the fund that suits you best, and set an investment ceiling when buying partial stock funds.

Second, be careful not to buy the wrong "fund". The popularity of funds has led to some fake and shoddy products "fishing in troubled waters", so we should pay attention to identification.

Third, pay attention to the post-maintenance of your account. Although the fund is worry-free, it should not be left unattended. Always pay attention to the new announcements on the fund website, so as to have a more comprehensive and timely understanding of the funds you hold.

Fourth, pay attention to buying funds, and don't care too much about the net value of funds. In fact, the fund's income is only related to the net growth rate. As long as the fund's net growth rate stays ahead, the income will naturally be high.

Fifth, we should be careful not to "love the new and hate the old" or blindly pursue new funds. Although the new fund has inherent advantages such as preferential prices, the old fund has long-term operating experience and reasonable positions, which is more worthy of attention and investment.

Sixth, we should be careful not to buy dividend funds unilaterally. Fund dividend is the return of investors' previous income, so it is more reasonable to change the dividend method to "dividend reinvestment" as far as possible.

Seventh, we should pay attention not to talk about heroes in the short term. It is obviously unscientific to judge the pros and cons of the fund by short-term ups and downs, and it is necessary to make a comprehensive evaluation of the fund in many aspects and conduct a long-term investigation.

Eighth, we should pay attention to the flexible choice of investment strategies such as steady and worry-free fixed investment and affordable and simple dividend transfer.

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