The expansion of new shares accelerated, from one batch in 1 month to two batches in 1 month. Last Thursday, the China Securities Regulatory Commission issued the approval of 25 new shares, which made 55 companies listed in two rounds in April, which also set a record for the largest number of IPOs in a single month in history, and this rhythm will become the new normal in the future. With the coming of new shares, the expected annualized expected return of new funds may rise. However, due to the "golden body" of new shares, the new fund has been popular in the market, and the fund scale has exploded, diluting the expected annualized expected income of the old people. How should new entrants choose to play new funds? Some analysts believe that you can choose from four dimensions. (2065438+April 2005 shortlist of 30 new stock funds)
The new fund is expanding rapidly.
Although the issuance speed and quantity of new shares are increasing, new shares can still be "gold content", especially new shares like Stormwind Technology, which makes the story wonderful. Yesterday, Stormwind once again experienced a "one" daily limit, refreshing the record of continuous daily limit of new shares to 26, closing at11.40 yuan, which was 7. 14 yuan, up 14.6 times.
In a month, the expected annualized expected income has increased by 14 times. The effect of making money not only "brightens" the eyes of ordinary retail investors, but also makes special accounts like Public Offering of Fund eagerly participate in this competition to make new innovations. According to incomplete statistics, up to now, the number of new funds is close to 70. Some fund companies "curve to save the country" and choose to transform the original fund into a new fund. For example, after the expiration of the capital preservation period, the original Taixin Capital Preservation Fund will focus on innovation and its scale will continue to grow.
Most new funds are mainly mixed. Different from traditional hybrid funds, the contracts of such funds stipulate that the positions of stock assets are 0~95%, and the proportion of bond assets is not less than 5%. However, in practice, fund managers mainly allocate assets to short-term bonds, and can increase leverage to participate in the subscription of new shares through pledge financing.
New expectations, annualized expected returns are declining.
It is inversely proportional to the increase in the number of new funds, but the expected annualized expected return of new funds has been declining, especially since April, which has been completely defeated and turned sharply. Statistics show that the average expected annualized expected rate of return of Daxin Fund reached 2.64% in June 5438- 10 this year, and decreased slightly to 2.03% in February and rebounded to 2.55% in March. From April to 24, the average expected annualized expected rate of return is only 0.98%.
Zhao Rongchun, CEO of Qian Jing Fortune, said: First, the winning rate of new shares is decreasing, and the number of large-cap stocks issued in April is small. Under the callback mechanism, institutions participating in offline subscription, including funds, can only get 10% circulation, and the market value and proportion of newly allocated funds hit a new low. Second, the self-expansion of the new fund scale has seriously diluted the expected annualized expected return of the original investors. Take the three largest innovation funds at the end of the first quarter as an example. At the end of last year, ICBC absolutely expected the annualized expected return, Penghua brand inheritance and Guangfa growth to be only 565.438+0.5 million yuan, 65.438+0.257 million yuan and 230 million yuan respectively, but by the end of the first quarter of this year, the scale of these three funds had soared to 65.438+0.65438+0.388 million yuan and 866.88 million yuan respectively. In addition, there are many fund companies such as Guolian 'an, Bank of Communications Schroeder and Cathay Pacific, and the scale of new funds has soared, far exceeding the optimal scale level.
How to choose a reliable new fund;
First, in terms of scale, generally speaking, innovation funds below 4 billion yuan are better and should be regarded as key investment innovation funds. According to industry sources, the new fund sold well, but some fund companies did not close the large-scale subscription and conversion in time, which led to the continuous expansion of the fund scale and harmed the interests of the original holders. Therefore, investors should choose some new funds with moderate or limited scale when choosing.
Second, looking at the expected annualized expected return, investors can continue to pay attention to new funds with stable expected annualized expected return.
Third, look at the positions, many new funds frequently make new ones, and such funds are irresponsible. Investors should moderately choose to play new funds, so that investors can get certain income.
Fourth, look at the operation, many new funds will not suspend subscription, and there is no operation method to control the fund size. The operating innovative funds control the scale of innovative funds by suspending subscription, and investors should pay attention to such innovative funds.
Introduction reading
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