Now, although the fund sales are cold, the stock market index has gradually entered the bottom range, and the investment value has appeared. Should investors invest in new funds or old funds? Let's take a look at the advantages of the new fund and the old fund.
■ Advantages of the new fund
In a falling market, you can buy cheap stocks, and the new fund has low positions and low risks. Many investors believe that when the market enters adjustment or decline, it is best to invest in new funds, because the stocks purchased by the old funds are facing decline at this time, and it is not easy to adjust their positions, while the new funds can open positions at relatively cheap points. Aunt Wang, an old citizen, told reporters that the new fund will have more opportunities to buy high-quality stocks with revised prices and reasonable valuations at the current decline point.
Relevant persons of the Wells Fargo Fund told reporters that the second quarter of this year is the best time for the fund to buy positions, and it is also the best time to buy funds. It takes a long time for the new fund to build a position, which provides a good condition for it to slowly absorb bargain-hunting in the process of market shock and can lay a good foundation for its long-term growth in the future. However, Wang Qunhang, the research center of Galaxy Securities Fund, believes that if investors can judge the market trend well, it is better to buy old funds when the market rises.
Lin Sheng, a research center of Morningstar Fund with novel product design, said that investors should pay attention to the difference between the product design of the new fund and the original product, whether it is a new product not available in the original market and other factors, and new products may have new opportunities. Different product characteristics largely determine the different risk-return characteristics of funds, and new products may have a process of adaptation to the market, which leads to the performance difference between them and the old funds.
Investment cost discount The subscription fee of the new fund is cheaper than that of the old fund. Subscription fee for new fund 1%, subscription fee for old fund 1.5%.
■ Advantages of the old fund
The integrity of the reference materials of the new fund and the old fund is different. The past performance of fund managers of old funds is obvious, and we can refer to the performance and style of the past few years to predict the future situation. Steady investment style and performance are the most important basis for long-term fund selection.
The rebound speed is faster. Some people think that it is better to invest in old funds when the market is rising all the way, because the old funds have already opened positions, and the new funds have higher costs because they entered the market late. In fact, when the market rebounds, the net value of the old fund rises faster than that of the new fund, because the position of the new fund is gradually increasing. If the stock index rises when the position is opened, the position has not yet reached a relatively high level, and the net increase is naturally not as big as that of the old fund.
High transparency of operation. From the perspective of transparency of operation, the old fund has more advantages. The new fund will not disclose the shareholding ratio and name after the completion of the opening of the position, and will not be announced until the quarterly, semi-annual and annual reports, while the old fund will disclose the top ten awkwardness shares and asset allocation ratio every quarter.
Generally, new funds have a three-month closure period, during which investors cannot redeem them. Those investors who have higher requirements for capital flexibility or are uncertain about the performance of the new fund may consider buying the old fund.
What suits you is the best.
For investors, whether they choose an old fund or a new fund, they must first choose a good fund company and an investment research team with good investment ability. A good fund company is the guarantee of a good reputation for fund investment, so you can trust the fund company to manage the money. A good investment team is the guarantee of the fund's long-term investment. Only with good investment ability can we ensure the stable investment style and performance of the fund. After choosing a good fund, it is also important to make a sustained and stable investment, which is a necessary guarantee for long-term profit.
In addition, investors should also consider the actual situation of individuals when choosing funds. While seeing the benefits brought by fund investment, we should correctly estimate the risks, fund types and risk levels of fund investment, and only the funds suitable for our own investment are good funds.