1, small purchase restriction: within 5,000 yuan per day;
The growth value of Ruiyuanri is limited to 1 1,000 yuan, and that of Zhang Kun Yifangda is limited to 5,000 yuan.
2. Small and medium-sized purchase restriction: daily purchase restriction 1000-50,000 yuan;
Xie Zhiyu's classification of Xingquan in He Run and Xingquan's appropriate day are limited to 65,438+00,000 yuan, Yang Hao's Bank of Communications's regular payment of double interest balance is limited to 65,438+00,000 yuan, and Zhou Yingbo's pioneer A day is limited to 65,438+00,000 yuan.
3. Large purchase restriction: the daily purchase restriction is 50,000 yuan-10/00,000 yuan;
The daily limit of the housewarming business model is100,000 yuan, the Bank of Communications Wang Chongxin growth day is100,000 yuan, the Bank of Communications Yang Haoxin vitality day is100,000 yuan, and Zhou Yingbo, the pioneer of the Central European era, is100,000 yuan.
4. Oversized purchase restriction: the daily purchase restriction is more than 100000 yuan;
Without examples, it is of little practical significance to us.
From the different limit of purchase of different funds, we can basically see the intention of purchase restriction. Different limits of purchase restrictions have different effects on our ordinary fund investors.
1, and the fund subscription limit is greater than 1 10,000. In fact, as long as it is aimed at institutional funding restrictions, it does not want a large inflow of institutional funds, which has little impact on ordinary American retail investors. We don't have that much money, and even if we did, we wouldn't buy that much in a day.
2. The fund is limited to 654.38+million, and the high probability is for institutions and some retail investors with relatively large funds. Some fund investors should have more than 654.38+ million, and some will buy more than 654.38+ million in a single day. Such restrictions actually affect some large fund investors.
3. The fund investment is limited to 5,000-65,438+10,000 yuan, which actually has a certain impact on general fund investors. Judging from my fans' understanding of the investment situation, quite a few investors are in this range.
4. The fund purchase limit is below 1 1,000 yuan, which has a great impact on most retail fund investors, and even said that it has been absolutely restricted. For the overall size of the fund, this fund is basically equivalent to suspending subscription.
Whether the fund purchase restriction is good or not depends on who it is for, so we will analyze whether the fund purchase restriction is a good thing from different levels one by one.
1. From the perspective of fund investors, fund purchase restriction:
For us ordinary fund investors, I think it is mixed. The good reason is that the original intention of fund purchase restriction is definitely for the performance of the fund, which is beyond doubt. But on the one hand, we don't know whether the purchase restriction is one of the important limiting means to effectively ensure the long-term performance of the fund. But at present, our purchase is definitely affected.
2. From the fund manager's point of view, fund purchase restriction:
For fund companies and fund managers, it is definitely beneficial, otherwise it will not be restricted. Whether it is a good thing for the fund itself depends on the performance after the purchase restriction.
First of all, we must form a little understanding that the larger the scale, the greater the challenge to fund managers and the greater the difficulty of fund management. The control scale is relatively stable, which is objectively beneficial to the management of fund managers and the long-term sustainable development of fund performance. Therefore, aside from large-scale management fees, fund managers certainly hope that the scale will remain relatively stable.
3. From the perspective of institutional funds, fund purchase restriction:
Some funds are held by institutions, or some funds are mainly held by institutions, and some fund products even customize the income risk characteristics of institutional funds, so institutional funds do not want other funds to come in.
4. Look at the fund purchase restriction objectively:
I don't know if you have noticed that most funds get together to limit purchases, all before the end of the season, which is roughly the approach of the fund performance appraisal node. Due to the reasons of performance ranking assessment, avoiding the dilution of fund holders' income, and practical and objective factors in investment operation, fund companies will implement different degrees of fund purchase restriction with great probability. In essence, it is to avoid the fluctuation of net value caused by large fund subscription and help fund managers to do a good job in fund investment performance.
In fact, objectively speaking, fund purchase restriction is a short-term protection measure for fund companies and fund managers. At the same time, it can also be regarded as a way to protect fund investors in a certain period of time. Restricting subscription is beneficial to the management of fund managers and the better performance of funds in a certain period of time. But at present, sometimes the period of fund purchase restriction is not closely related to the trend of the broader market. In the long run, for our fund investors, it is hard to say whether it is a good thing or not, and we may miss a good opportunity to open positions and add positions.
At the end of the year, it is understandable for the fund to seek stability. In fact, fund investors also want to be stable. If you have a good fund, hold it. Don't toss about without special circumstances. Selling it may not be able to buy it back.
The above contents are personal opinions, for reference only, and do not constitute any investment advice. Capital is risky, so you need to be cautious when entering the market.
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