Generally speaking, outsourcing customized products refers to product cooperation in the form of trust and capital channels. Usually, it is agreed to fix the expected annualized expected rate of return, and entrust self-operated funds or wealth management funds to funds, brokers, trusts, private placements and other companies for investment. Some small and medium-sized banks also operate their outsourcing business in the form of investment consultants.

Second, what are the outsourcing funds?

Generally, the shareholding ratio of outsourcing customized funds is above 95%, and the number of fund subscribers is around 200. From the raising period, compared with ordinary funds, the raising period of outsourcing funds is several months, generally shorter than a few days.

According to the policy, it is not difficult to distinguish whether to outsource customized funds after 16 and 12. According to the policy, whether the fund is a customized fund must be clearly marked when reporting, paying attention to the cooperation of product institutions, the independence of investment decision-making and the protection of small and medium investors. The core is to ask the fund company to issue a letter of commitment.

In the eyes of the industry, defining the "outsourcing customization" fund is to separate the "institutional version" from the "mass version" and label it as "outsourcing customization" fund, which is a good thing to remind ordinary investors.

Third, what is the impact on small and medium investors?

According to the data of Eastern Fortune Choice, according to the 20 16 semi-annual report, institutional investors hold 53.27% of all fund shares of fund companies; In 20 15 years, institutional investors only accounted for 38.63% of the total share of fund companies. In other words, in less than a year, the share of Public Offering of Fund held by institutional investors increased by 14.64 percentage points.

The increase in the proportion of institutional investors leads to the increased risk of centralized redemption in Public Offering of Fund. For ordinary investors, it is likely to face huge redemption and the sharp rise and fall of the fund's net value caused by valuation methods. In this regard, the person in charge of institutional investment of a Public Offering of Fund company in the south suggested that with the increase of outsourcing customized funds, the public offering itself should form a mechanism. For example, the loss caused to the holder by rounding calculation after a large redemption should be made up by the fund company.

On the other hand, it is not important for individual investors to customize funds. As long as customized funds do not become practical channels, fund managers will work harder to pursue expected annualized expected returns. Customized funds should pay attention to avoid harming the interests of small and medium investors in terms of large-scale entry and exit and special requirements of customers.

What is a customized outsourcing fund? Can I buy a customized outsourcing fund?

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