How big is the fund?
1. Active equity funds: Generally, it is best to have a moderate scale (such as hundreds of millions or billions).
If the scale is too small, such as less than 500 billion yuan, there is a risk of liquidation, and the cost of allocating fund expenses to unit shares will increase, which will have a certain impact on the expected income of fund holders. In addition, for small-scale funds, fund redemption has a great influence on fund managers' management of funds, and the ultimate victim is the fund holders.
If the scale of the fund is too large, such as10 billion or even tens of billions, it is very difficult for fund managers to manage such funds. Because fund managers need to allocate more stocks, and there are so many high-quality listed companies, it is impossible to track too many stocks, and the limitations will be greater. In addition, it is difficult to adjust the position of large-scale funds, even if the adjustment will have a great impact on the stocks held. In addition, the general fund will have some new income. If the scale is too large, it will have little impact on investment income.
Second, the index stock fund: the bigger the scale, the better.
Because index funds rarely take the initiative to operate, fund managers only need to consider the impact of fund redemption on net worth. The bigger the index fund, the smaller the impact of fund redemption on the net value. Especially for ETF traded on the floor, the larger the fund size, the better its liquidity.
Third, bond funds: the smaller the scale, the better.
Bond funds don't have too many requirements for fund size, and a minimum of 50 million is good, because it is too low and there is no risk of liquidation.
The highest bond fund, with a term exceeding 654.38+000 billion yuan. If it is too high, you may not be able to buy so many high-quality bonds, which will increase the management difficulty in vain. For pure debt-based funds, the scale of several hundred million or billions is more appropriate, while convertible bond funds can be lower because there are not so many targets in the market.
Fourth, the monetary fund: bigger is better.
The most important thing for money funds is liquidity, so the bigger the fund, the better. Of course, if it reaches a huge scale, we should also control and pay attention to risks. Generally speaking, it is more appropriate to choose a monetary fund, tens or hundreds of billions.
It is best to talk about the scale of funds according to different types of funds, and of course, you need to have a certain understanding of the scale of funds operating in the market. Speaking of which, let's talk about the size of the fund. I hope it helps you.
Fund size generally has two meanings: share size and asset size. The former refers to the total number of shares issued by a fund. Simply put, it is how many funds have been issued. The asset size of the latter is the total amount of funds managed by a fund, which can be obtained by multiplying the share size by the latest net value.
If the fund scale is too small, it is difficult to give full play to the advantages of fund concentration; If the fund scale is too large, it will increase the difficulty of fund management and affect the flexibility of investment. Generally speaking, the size of money and bond funds is relatively small, and the size of stock funds is between 2 billion and 8 billion.
If the fund is small, the probability of liquidation is relatively high. The liquidation of the fund is not an investment loss, but a forced redemption according to the net value of the fund, which leads to the interruption of investment. If the scale of the fund is too small, the fund company may lose money when operating the fund, and the fund company may stop operating and managing the fund. So generally speaking, when choosing funds, we will avoid smaller funds and consider funds with a scale of more than 200 million yuan.
Investors should first consider the rate of return when choosing a fund, and then pay attention to the risk of the fund. The scale of the fund can only play a certain reference role. It is also necessary for fund investors to learn the skills of fund covering positions.