Depending on what kind of investor you are, what is your risk-taking rate?
Give you a very detailed information, you can have a look, I hope it will help you.
My basic judgment is: you are a safe investor: in the process of fund investment, protecting the principal from loss and maintaining the liquidity of assets is your primary goal. Your attitude towards investment is that you want the return on investment to be extremely stable, and you don't want high risks for high returns. Usually, you don't care much about whether there is more room for appreciation of funds, and you don't want to bear the psychological suffering of investment fluctuations and pursue stability. Risk tolerance: extremely low. Earnings expectation: stable investment income. Open-end funds are basically divided into four types according to the investment direction: stock funds, hybrid funds, bond funds and monetary funds. Equity funds (including index funds) invest most of their assets in the stock market; Bond funds (including capital preservation funds) invest fund assets in bonds; Hybrid means that fund assets are invested in both the stock market and bonds; Money market funds are products invested in the money market. Generally speaking, equity funds have the highest risk and the highest income. The risk of bond funds is low, and the risk of hybrid funds is between the two. Money market funds have the lowest risk and the lowest possible return.
Constructing a suitable fund portfolio can spread risks and improve returns. According to your risk preference and risk tolerance, mainly choose low-risk fund varieties.
According to your investment type and your choice, your fund portfolio suggestions are as follows:
Equity fund 5%
Hybrid fund 15%
Bond fund 45%
Monetary fund 35%
Investment suggestion of open-end fund
Introduction:
Different from direct investment in stocks and bonds, open-end fund is an indirect investment tool. On the one hand, open-end funds invest in financial securities such as stocks and bonds; On the other hand, fund investors indirectly invest in securities by purchasing fund shares. Every fund will have a fund contract, and the rights and obligations of the fund manager, fund custodian and fund investor are stipulated in the fund contract. Fund companies will provide investors with prospectus when selling fund shares. All aspects of fund operation, such as investment objectives and concepts, investment scope and objects, investment strategies and restrictions, fund trading, fund expenses and income distribution, will be explained in detail in the prospectus. The fund contract and prospectus are two important legal documents for the establishment of the fund.
The role of stock funds in your portfolio;
Equity funds aim at pursuing long-term capital appreciation and are more suitable for long-term investment. Compared with other types of funds, equity funds have higher risks, but also higher expected returns. Equity funds provide a long-term investment appreciation, which investors can use to meet the needs of long-term expenditures such as education expenditure and retirement expenditure. Like real estate, equity funds provide the most effective means to deal with inflation.
The role of bond funds in your portfolio;
Bond funds mainly invest in bonds, so they are attractive to investors who pursue stable returns. Bond funds are usually less volatile than stock funds, so they are usually considered as investment tools with moderate returns and risks by investors. In addition, when bond funds and stock funds make proper portfolio investment, they can often spread investment risks well, so bond funds are often regarded as an indispensable part of portfolio investment.
The function of hybrid fund in investment portfolio;
The risk of hybrid funds is lower than that of equity funds, and the expected return is higher than that of bond funds. It provides investors with a tool to diversify their investments among different asset classes, which is more suitable for more conservative investors.
The role of money market funds in investment portfolio;
Compared with other types of funds, money market funds have the characteristics of lowest risk and best liquidity. Money market fund is an ideal tool for short-term investment by investors who are risk-averse and demand high asset safety because of its lower risk and higher yield than bank 1 year time deposit. Money market funds have the characteristics of low risk and low return, and are more suitable for investors who require high security but do not expect high return. The high liquidity of money market funds often makes money market funds an ideal place for investors to temporarily deposit cash. However, it should be noted that the long-term yield of money market funds is low, which is not suitable for long-term investment.
The test shows your investment type:
Investors must understand their risk preferences and then consider how high the expected rate of return should be. In order to seek the return of the securities market, we must make clear the characteristics of the fund. The most common mistake investors make is to focus on the comparison of returns, but turn a blind eye or pay little attention to the matching risks. Investors must understand their risk preferences and then consider how high the expected rate of return should be.
Our tests show that you belong to the following types:
Safe investors: In the process of fund investment, protecting the principal from loss and maintaining the liquidity of assets are your primary goals. Your attitude towards investment is that you want the return on investment to be extremely stable, and you don't want high risks for high returns. Usually, you don't care much about whether there is more room for appreciation of funds, and you don't want to bear the psychological suffering of investment fluctuations and pursue stability.
Risk tolerance: extremely low
Profit expectation: stable investment income
Open-end fund investment suggestions:
Generally speaking, the main factors considered in the allocation of open-end fund portfolio are: 1, and various factors that affect investors' risk tolerance and income requirements. Including investors' age, investment cycle, assets and liabilities, financial changes and trends, net wealth and risk preference. Generally speaking, for individual investors, personal life cycle is the most important factor affecting asset allocation; Institutional investors pay more attention to the assets and liabilities of the institution itself and the special needs of shareholders and investors. 2. Risk-return status of various assets and related capital market environmental factors. Including the international economic situation, domestic economic situation and development trend, inflation, interest rate changes, economic cycle fluctuations and supervision. 3. The problem of matching the liquidity characteristics of assets with the liquidity requirements of investors. Investors must establish the minimum standard of current assets in investment according to the possibility of handling assets in a short time. Considering the above factors and based on the previous test results, we provide you with the following investment suggestions for open-end funds:
Equity fund 5%
Hybrid fund 15%
Bond fund 45%
Monetary fund 35%
According to the above fund portfolio, the expected rate of return of funds that meet your needs in harvest fund is as follows:
Expected return of fund category (%) Investment proportion (%)
Equity fund 10 5
Hybrid fund 8 15
Bond funds 5 45
Monetary Fund 2 35
Total 4.65 100
According to your expectation of income and expenditure, we suggest that you can invest 1000 yuan in the above open-end fund portfolio every month; According to the expected return on investment in the table, after 1 year, that is, in 2007, you will have 1.23 million yuan of principal and interest income from fund investment.
Investment achievement display:
Investment year Investment principal (yuan) Investment income (yuan) Fund investment asset value (yuan)
1 year12000259.0812259.08
Risk warning:
This open-end fund investment proposal is for reference only and does not serve as any legal document. Fund managers manage and use fund assets in accordance with the principles of honesty, credit and diligence, but do not guarantee a certain profit or minimum income of the fund. Investment is risky, and past performance does not represent future performance. Investors should carefully read the fund contract and prospectus before investing in the fund.
Harvest fund product recommendation:
1, Harvest Growth Income Fund
What is the investment strategy and main investment scope of Harvest's growth income?
A: Harvest Growth Income Fund achieves the goal of "stable income" through steady investment in selected income-generating stocks and bonds, and "capital appreciation" through the strategy of "active rotation of industry optimization". The benchmark of performance comparison is Shanghai A-share index, and the fluctuation range of fund net value will not be higher than 75% of the fluctuation range of Shanghai A-share index. The asset allocation ratio of the Fund is: 30%-75% for stocks, 20%-65% for bonds and about 5% for cash.
Which investment groups is Harvest Growth Income Fund suitable for?
A: Harvest Growth Income Open-end Fund is suitable for most institutional and individual investors, and its income is relatively stable. It belongs to a customer group with risk neutrality or aversion, long-term investment psychology and pursuit of relatively stable investment income. But it is not suitable for investors with high risk preference and extreme radicalism.
What are the outstanding features of Harvest Growth Income Fund?
A: The mainstream varieties in the fund have lasting vitality.
1. Low-risk and balanced style
2. A rising market is conducive to sharing the fruits of market growth, while a falling market or a balanced market is conducive to controlling investment risks.
3. Forward-looking, in line with the rational investment trend, suitable for long-term investment.
2. Harvest Financial Series Fund
What kind of fund is Jiashi Licaitong Series Fund?
Harvest Financial Series Fund consists of Harvest Steady, Harvest Growth and Harvest Bond Fund. The first two are equity funds, and the last one is bond funds. The funds operate independently of each other and form a unified whole through low-cost and high-efficiency mutual conversion.
Harvest stability, harvest growth and harvest bond
The investment scope is mainly large-cap listed companies with competitive advantages, and the investment focus is on bonds such as national debt, financial debt and corporate bonds (including convertible bonds) of small and medium-sized listed companies with high growth potential.
Portfolio ratio Stock investment ratio: 40-75%
Bond investment ratio: 20-55%
Cash retention rate: about 5% Stock investment rate: 40-75%
Bond investment ratio: 20-55%
Cash retention ratio: about 5%; Bond investment ratio: 80- 100%.
Cash retention rate: 0-20%
The characteristics of risk-return are low risk, medium return, high risk, high return, low risk and stable return.
3. Harvest Service Value-added Industry Fund
What are the service industry stocks invested by Harvest Service Value-added Industry Fund?
A: Water and electricity production and supply, wholesale and retail, transportation and storage, finance, real estate, etc.
4. Jiashipu Capital Protection Fund
What does Jiashipan Capital Protection Fund protect?
A: The bottom line of subscription is 1.05438+0 yuan/fund share. That is, investors subscribe for and hold each fund share until the maturity date of capital preservation, and the accumulated recoverable amount during the three-year capital preservation period is not less than 65,438+0.065,438+0 yuan. For customers who purchase capital preservation funds with current net value (higher than 1 yuan/share), the capital preservation bottom line is still 1.0 1 yuan/share.
How to realize the capital preservation of Jiashipu 'an Capital Preservation Fund?
A: The operation of the fund ensures the investor's principal security through portfolio insurance technology and guarantor system.
Portfolio insurance technology: By using the optimized operation mechanism of CPPI, the investment risk is strictly controlled, so as to ensure that under the premise of the safety of principal, the income opportunity of stock market rise can be grasped and higher expected income can be obtained. Simply put, the CPPI strategy is to multiply the realized (stock and bond) income with the expected bond income by a certain magnification as the upper limit of stock investment. According to the securities market and fund operation, dynamically adjust the actual proportion of investment in stocks and bonds.
Guarantor's guarantee: Irrevocable joint and several liability guarantee provided by Shanghai Pudong Development Bank: after holding for three years, it can guarantee that the subscribed investor's principal will not be lost.
As a supervisor, Societe Generale, an international financial giant, provides professional services for fund managers with successful risk control experience and investment technology.
In addition, Harvest Company, the manager of this fund, won the award of "Best Risk Control Fund Company" in shanghai securities news in 2004. Harvest's consistent and steady investment style is very suitable for the management of capital preservation funds.
What is the expected income pursued by Jiashipu Capital Protection Fund?
During the insurance period, while ensuring the safety of the investment principal, we will seek the stable appreciation of the fund assets and strive to exceed the performance comparison benchmark of the three-year savings deposit interest rate.
Our simulation results show that if the historical income of harvest fund Taihe is taken as part of the fund's stock investment income, the highest income of the fund is 20.3%, the lowest income is 3. 1%, and the average income is 8.6%.
Taking the historical return of the Shanghai Composite Index as part of the return of the Fund's stock investment, select the period of six and a half years after 1996 1 and calculate the return of any three-year investment cycle during this period. The highest income of the fund is 32. 14%, the lowest income is 4.45%, and the average income is 65438.
According to the data of Hong Kong Fund Industry, the website of Hong Kong Fund Industry Association, the average income of Hong Kong capital preservation funds in recent years reached 7.33%, among which the yield of Prudential NZD America Growth GTD fund was as high as 34.48%.
Is there an advantage in capital preservation fund investment in interest rate hike cycle?
First of all, raising interest rates will not have obvious adverse effects on the capital preservation fund. The reason is that the bond assets we hold are relatively short-lived.
Secondly, in theory, raising interest rates will cool the macro economy, which is "bad" for the bond market and generally not "good" for the stock market. Investment risks have increased. In this environment, "capital preservation" highlights its importance.
Finally, it is wrong to think that the capital preservation fund is not as good as the bank time deposit under the interest rate increase environment. If you make a three-year time deposit and the interest rate rises after three years, your deposit will not enjoy this benefit. Unless you withdraw in advance (and then "transfer" at the new interest rate). However, the interest shall be calculated at the current interest rate before the transfer date. The central bank usually raises interest rates at the rate of 0.25%, which often makes it meaningless for you to make the above transfer.
5. Harvest Monetary Fund
Orientation of Harvest Monetary Fund
The investment philosophy of Harvest Money Market Fund is to provide long-term, stable and safe performance returns for fund holders, and truly provide investors with a cash management tool to meet their asset allocation needs. We will conduct investment operations in strict accordance with the new rules of the Detailed Rules for the Implementation of Investment and Valuation of Money Market Funds. Risk control indicators shall not exceed the average value of money market funds with published performance; Keep the 7-day annualized rate of return stable and provide investors with long-term, stable and safe investment income; Avoid greater liquidity risks that may be faced.
The investment scope of Harvest Monetary Fund
Cash; Bank deposits and certificates of deposit within one year (including one year); Bonds with a remaining maturity of less than 397 days (inclusive); Bond repurchase with a maturity of less than one year (including one year), central bank bills with a maturity of less than one year (including one year) and other money market instruments recognized by China Securities Regulatory Commission and PBOC.
What is the income per 10,000 shares and annualized rate of return of the Monetary Fund in the last 7 days?
A: Earnings per 10,000 copies-a data that is calculated and compared with the standard of 654.38+100,000 copies after the income from the daily operation of the Monetary Fund is evenly distributed to each copy. The annualized rate of return in the last 7 days-the annual rate of return converted from the average income per 10,000 fund shares in the 7 natural days of the Monetary Fund. (The last 7 natural days refer to 7 days before the release date. For example, the annualized rate of return for the last 7 days announced on April 15 is calculated by the sum of the income per 10,000 fund shares for 7 consecutive natural days from April 8 to April 14. )
6. Harvest CSI 300 Index
What are the advantages of the Shanghai and Shenzhen 300 Index compared with other indexes?
A: The Shanghai-Shenzhen 300 Index ended the separatist regime of China's Shanghai-Shenzhen stock indexes. It is the most authoritative and representative stock index and an effective tool to share the high economic growth of China. Its advantages are summarized as follows:
(1) unify the index to avoid the risk of inconsistency between Shanghai and Shenzhen markets;
(2) Good market representation, including 300 constituent stocks, accounting for 66% of the total market value;
(3) greater authority. The index has replaced the Shanghai Composite Index as an index reflecting the stock market trend reported by the CSRC to the State Council Daily.
(4) "Sharpen a sword in seven years", the development process of the Shanghai and Shenzhen 300 Index has experienced seven years of repeated argumentation, which fully represents the expectations of all aspects of the market and is the best choice for subsequent financial innovations such as index futures and index options.
What is the difference between Harvest CSI 300 Index Fund and other LOF funds (or index funds) in the market?
A: (1) The net value is relatively easy to predict. It is difficult for portfolio investors who take the initiative to LOF to grasp and have certain discounts, while Harvest LOF is an index fund, and its net value is easy to predict;
(2) High transparency. Harvest LOF publishes the reference portfolio once a day and refreshes the reference net value once every 15 seconds, which effectively solves the problem of information asymmetry and helps to reduce the discount premium level, while other LOFs publish the portfolio once every three months and refresh the net value once every 30 minutes;
(3) The rate is low. The management fee of Harvest CSI 300 Index is only 0.5%, which is at least 60% lower than other LOF products on the market.
What is the difference between Harvest CSI 300 Index Fund and SSE 50ETF?
A: Use a more vivid metaphor to illustrate the difference between the two. SSE 50ETF is a stock ETF, and Jiashi CSI 300 Index Fund is a cash ETF.
1. From the transaction mode, Harvest CSI 300 Index Fund is the ETF of Shenzhen Stock Exchange, and its biggest feature is cash subscription, subscription and redemption. We might as well call it "cash ETF"; The biggest feature of ETF in Shanghai Stock Exchange is stock subscription, subscription and redemption. We might as well call it "stock ETF". The only difference between cash ETF and stock ETF is whether the assets used for subscription, subscription and redemption in the primary market are stocks or cash. There is almost no difference in the secondary market (exchange market).
Second, from the perspective of investment cost, the fund management fee and custody fee add up to 0.6%, which is the lowest rate fund on the market at present. However, there will be a lot of transaction costs (including the impact cost of buying stocks, etc.) due to the trading of stocks in SSE ETF. ) and will redeem a bunch of stocks instead of cash. Selling these stocks is time-consuming and laborious, and there will be many transaction costs. A simple calculation shows that the investment cost of choosing a cash ETF is lower.
3. From the perspective of market prospect, SSE ETF can only purchase, purchase or redeem in securities companies, while Jiashi LOF can purchase, purchase and redeem in securities companies and banks. In this sense, cash ETF is a "mass ETF" and will be the ETF product with the widest customer coverage and customer base in the future. Extensive public participation will greatly improve the activity and liquidity of cash ETF. The convenient and low-cost on-site subscription and redemption platform to be opened by Shenzhen Stock Exchange is a "timely rain" for cash ETFs.
Purchase process:
SSE 50ETF: Prepare cash-buy share-subscribe share-redeem share-sell share.
Cash ETF: cash reserve-subscription share-redemption share
What is the main difference between Harvest CSI 300 Index Fund and general equity fund? Who has better investment income?
A: The main differences between the two are:
(1) The investment methods are quite different. The general investment method of stock funds is that fund managers select individual stocks, allocate industries and assets and buy and sell at any time according to the changes of market environment, which is also called "active management". The characteristic of Harvest CSI 300 Index Fund is "replication index", and its stock portfolio is adjusted with the adjustment of the constituent stocks of the underlying index, which is also called "passive management".
(2) There is a big difference in management fees. The general stock fund management fee is 1.5%, while the management fee of Harvest CSI 300 Index Fund is only 0.5%, which greatly reduces the investment cost.
(3) Different transparency. Generally, stock funds publish their portfolios once every three months and their net value once a day, while Harvest CSI 300 publishes its reference portfolio once a day and refreshes its reference net value every 15 seconds, which is beneficial to investors' arbitrage trading.
Comparison of investment income between the two;
In terms of investment income, the investment income of Shanghai and Shenzhen 300 index funds and active stock funds cannot be directly compared. The investment goal of index fund is to track the change of target index, and its rate of return is the growth rate of target index. However, through timing, asset allocation and individual stock selection, active equity funds have the opportunity to obtain a rate of return that exceeds the index, but there is also the risk of falling behind the index. Generally speaking, in a bull market, index funds tend to have better investment performance because they track the target index and have higher positions.