Generally speaking, wealth management products and funds are risky. When buying, investors must carefully consider and choose the financial management method that suits them.
Taking bank financing as an example, according to the risk level, bank financing products can be divided into five types: cautious products (R 1), stable products (R2), balanced products (R3), aggressive products (R4) and radical products (R5), and the increase of numbers represents the increase of risks.
The difference between bank financing and fund.
Then let's talk about the difference between fund and bank financing.
① As far as the service providers are concerned, bank financing is provided by banks and funds are provided by fund companies.
About the difference between banks and fund companies, we can make a simple analogy. A bank is like a large supermarket, which contains all kinds of "commodities", such as deposits, wealth management, credit and insurance. , the focus is on "all". Fund companies, like specialty stores, specialize in selling one product, namely funds, with emphasis on "specialization".
As we mentioned before, banks can sell funds of fund companies on a commission basis. On the other hand, fund companies will not sell bank wealth management on a commission basis.
② In terms of scope, the investment scope of bank wealth management is quite coincident with that of funds, but the investment scope of banks is slightly larger than that of funds.
In terms of investment scope, both bank wealth management and funds can invest in money markets, bonds and stocks. However, bank wealth management can also invest in alternative assets such as artworks and collectibles. At the same time, bank wealth management can invest in funds and vice versa.
③ In terms of information transparency, the information transparency of funds is higher than that of bank financing.
Funds are supervised by the Securities and Futures Commission, and the requirements for information disclosure are relatively strict, especially in Public Offering of Fund, which requires regular disclosure of positions, income and other information.
In contrast, there is no legal document to regulate bank wealth management products. Although it is supervised by the CBRC and other institutions, it is mainly carried out by issuing regulations and notices. The direction of bank wealth management funds is also less disclosed, and it is generally self-discipline.
④ In terms of expenses, the expenses of fund and bank financing are different.
The expenses of the fund generally consist of subscription fee/subscription fee, sales service fee, redemption fee, management fee and custody fee.
In addition to closed-end financing, early redemption of bank financing will incur costs, and generally no redemption fee will be charged. There are several other fees for bank financing, but usually the rate will be lower than the fund.
In addition, bank financing may also generate other expenses, such as: investment account opening and maintenance fees, transaction fees, fund transfer fees, liquidation fees; Value-added tax and additional tax, etc.
⑤ In terms of purchase threshold, the purchase threshold of bank wealth management and fund is different.
The purchase threshold of bank financing, especially self-raised funds, is generally higher than that of Public Offering of Fund. Private equity funds are special, so we won't start here.
Bank's wealth management products are divided into self-operated and consignment. Self-financing is a wealth management product operated by the bank itself, and the manager is the bank. Banks are only responsible for consignment of wealth management products, and the actual manager is not the bank responsible for sales.
Generally, the purchase threshold of self-financing products in banks is relatively high, generally above 1 000, and more generally, products are purchased from 1 000, 50,000 or 1 000.
The purchase threshold of funds is relatively low. Generally, Public Offering of Fund products are purchased from 1 yuan or 10 yuan, but also from 100 yuan or 1000 yuan.