Ordinary investors participate in the subscription of new shares, and the probability of winning new shares is very low, while the winning rate of institutional investors will be higher, and Public Offering of Fund is one of them. This is also the reason why many investors began to pay attention to sharing the new income by playing new funds.

1. What is a new fund?

First of all, we need to understand the concept of playing a new fund. Innovation is actually just a strategy for capital to gain income. Funds that adopt this strategy can be divided into "innovation funds". In other words, playing new funds is not specially used for playing new ones, but adding the strategy of participating in stock innovation to the investment strategy of funds.

Second, develop a new classification method.

There are three ways of innovation: online innovation, offline innovation and strategic layout.

1. online innovation: online innovation is mainly carried out by lottery, and both individuals and institutions can participate. Institutions have great funds and advantages, so the success rate of individuals will be very low. The vast majority of ordinary investors purchase new shares online, that is, they generally purchase new shares through trading software.

2. Offline innovation: The threshold for offline innovation is relatively high. At the same time, offline innovation will be launched, and the proportion of investors A, B and C will be launched from high to low. The highest category A is the funds of Public Offering of Fund, social security, pension and other large institutions. , are put first, and class B includes private placement, trust, etc. , in the second place, and individual investors belong to category C, which is also the least part.

3. Strategic placement: Strategic placement refers to directional placement only to strategic investors (such as strategic placement funds), and strategic investors can have the preemptive right of new shares, which is equivalent to 65,438+000% winning. However, there is a restriction, that is, after winning the lottery, the holding time of new shares is locked and they cannot be sold as soon as they are listed. In addition to strategic placement funds, other funds must have bottom positions if they want to participate in innovation. According to the current offline placement rules, the fund needs to hold a short position of 70 million yuan (60 million yuan in Shanghai+Shenzhen100000).

At present, except pure debt funds and commodity funds, other funds can participate in innovation.

Third, carry out a new fund classification.

According to fund positions, we can divide new funds into two categories: the first category: the strategy of "bottom position+bond+innovation". This strategic stock position only needs to maintain the minimum requirements of the bottom position, which is actually equivalent to the "fixed income+"strategy, such as partial debt mixed funds and secondary debt base. This kind of fund bonds account for a relatively large proportion, and the income fluctuation will be relatively stable. The second category, the strategy of "bottom position+stock+innovation", has a relatively high stock position and a relatively large risk fluctuation. Of course, not all new funds can hit all new shares, which depends on the ability of each fund company.

Fourth, will the success of fund innovation definitely rise?

It doesn't have to be like this. At the same time, even if some funds make new shares, it may not be very helpful to the fund's income, because they have made other investments besides making new ones. If the income is poor, it will offset the new income, or the fund will dilute the new income if it is too large. Therefore, if you choose to play a new fund, you need to pay attention to two points: First, the fund needs to have a better and more reliable historical performance. After all, the new income is only a part of the fund's income, but it is only enhanced; Secondly, the scale of the fund should not be too large, generally 1- 1 100 million is more appropriate, and of course it should not be too small, otherwise it will not be able to participate in innovation if it fails to meet the requirements of opening positions. Generally speaking, in fact, most funds can be innovative. If you mainly want to innovate through funds, you can choose a fund that mainly allocates bonds, which will be more pure and the risk of the fund will be relatively small.