What is the fixed investment fund index? The biggest advantage of fixed investment is that it can average the investment cost, because the way of fixed investment is to buy a fixed amount of funds regularly no matter how the market fluctuates. When the net value of the fund rises, the number of stocks bought is small; When the net value of the fund goes down, buy more shares, that is, automatically form an investment method of lightening positions on rallies and overweight on dips.
Active funds are greatly influenced by fund managers, and the performance of active funds in China is not ideal in terms of sustainability. Often the champion of the previous year is poor in the second year, and changing fund managers may also cause performance fluctuations. Therefore, if you hold it for a long time, it is better to choose an index fund. If there is a rebound, index funds should be the first choice.
Which index fund is better? There are more and more index funds in the market, and it is more and more difficult to choose index funds. Investors should pay attention to two points when choosing index funds: on the one hand, it is as difficult to find such an index as to choose stocks; On the other hand, choose index funds with smaller investment tracking errors. The smaller the tracking error of the fund, the stronger the management ability of the fund manager, and the more investors can achieve the goal of obtaining the expected annualized rate of return of the index.
Find a suitable underlying index first: because passive index funds follow the index strictly according to the contract, the annualized expected return characteristics of the underlying index reflect the annualized expected return characteristics of the fund's risk expectation. Investors should choose an index fund with appropriate underlying index according to their risk tolerance and risk preference.
As for which index is better in stages, people have different opinions. There may be differences in the performance of different types of indexes at different stages, and this difference is also difficult for investors to grasp. That's why even Buffett has been introducing investors to invest in broad-based index funds such as the Standard & Poor's 500 Index. Generally speaking, ordinary investors can choose a broad-based index with wide coverage, and experienced investors can choose the index according to their own situation and staged market conditions.
In the long run, index funds are definitely not the best, but they are definitely better. If the fixed investment time is long enough, such as 20 years, there are few active management foundations that can outperform index funds, which is determined by the quality of fund managers in China. Among the fund managers in China with low overall level, Rainbow Yahweh, a great person, is a minority after all. If the Chinese market is replaced by other fund managers after three to five years, it is still uncertain whether it can maintain the current level.
Generally speaking, it can be analyzed from the following aspects:
First of all, from the fund rate analysis
The fund rate consists of subscription fee, redemption fee, management fee and custody fee. Among the fund rates, the subscription fee is the largest, and all those with back-end fees should be taken as key considerations, including Dacheng 300, Huaan A-share, Great Wall Jiutai 300, Guofu Tianding, Rongtong Shenzhen Stock Exchange 100 and other Guangfa 300 subscription fees 1.2, and others 65438. Take the fixed investment of 1 0,000 yuan per month as an example. The back-end charge is 1.5 yuan per month, which is 1.80 yuan for one year. If the investment is fixed for 20 years, the principal difference is 3600, and the total expected annualized expected income will reach 10000 yuan or more. The maximum redemption fee for general funds is not more than 0.5, but the redemption fee for Guo Futianding is 0.6, and the redemption fee for Rongtong Shenzhen Stock Exchange 100 is 0.3. Generally, the redemption fee decreases to 0 with the holding period, while the redemption fee for Huaan A shares is all 0. The lowest management fees and custody fees are Jiashi 300 and Guotai 300, followed by Guangfa 300, Dacheng 300 and Changsheng CSI 100, and the highest is Penghua 50 and Rongtong Juchao 100.
Second, from the strength and influence analysis of fund companies.
The long-term performance of funds is often closely related to the company's R&D strength. Although index funds are not as dependent on people as active funds, they should be cautious in choosing large fund companies. From this point of view, the products of first-line fund companies should be the first choice, including Bo Shi Yufu, Yifangda 50, Jiashi 300, Huaan A-share and Dacheng 300, while the products of second-line fund companies should be the second choice, including Guangfa 300, Rongtong Shenzhen Stock Exchange 100, Rongtong Juchao 100, Guotai 300 and Guofu Tianding.
Third, from the standpoint of analysis.
Index funds are characterized by high positions. Although they may lose to most active funds when the market goes down, they are often the biggest beneficiaries when the market goes up. So it depends on the proportion of stock positions stipulated in their contracts. Generally speaking, the higher the position, the higher the fit with the tracking index. Most index funds require positions of more than 90%, but Penghua 50 stipulates positions of 30%-95%, which is more like active funds.
Fourth, from the dividend analysis.
Because of the compound interest effect, the fund's fixed investment can achieve better expected annualized expected return, but for companies that pay dividends regularly, the compound interest effect will be more obvious, provided that they choose to invest in dividends again. Due to the different establishment time of each fund, it is impossible to make a horizontal comparison. Historically, Rongtong Chaochao 100 and Rongtong Shenzhen Stock Exchange 100 have the most dividends, followed by Penghua 50 and Yin Hua Dow Jones 88.
Five, from the tracking deviation analysis
To judge the performance of index funds, we should not only look at their growth rate, but also pay attention to their deviation from the benchmark comparison index. The smaller the deviation, the better the fund management. For example, in 2008, all index funds suffered huge losses, but most of them outperformed their benchmark comparison index. From this perspective, index funds are mostly successful. There are generally restrictions on allowable deviation in fund contracts. Taking several 300 index funds as examples, the allowable deviation of Harvest 300 is 0.3, while that of Guangfa 300, Dacheng 300 and Guotai 300 is 0.35. However, there may be a big deviation in actual operation. For example, Harvest 300 slightly outperformed the Shanghai and Shenzhen 300 Index last year, but lost to the Shanghai and Shenzhen 300 Index in 2007, so the contract deviation can only be used as a reference. From this point of view, the advantages and disadvantages of funds whose operation time spans the bull and bear markets can be seen more clearly.
The above factors are the main basis for choosing index funds, but which is lighter or more important is different, so everyone's choice will be different. For those who are difficult to choose, they can also be combined with fixed investment index funds.
3 minutes to teach you which GEM index fund is better.
20 17 What GEM index funds are there? You need to know these eight.
How to buy GEM index funds? Know yourself and know yourself, and you will win every battle.
Editor's Note: From the above, investors should know which index fund to invest in, and also master some strategies for investing in index funds. In addition, considering that the GEM index continues to fall, which is close to the safe range of valuation, investors can consider investing in GEM index funds. See >. & gt& gt