Of course, playing a new fund does not guarantee to make money. Playing a new fund has the following risks:

1. If the number of new shares is gradually increasing in the future, especially with the arrival of the registration system, the scarcity of new shares will gradually decrease, and the crazy pursuit of the whole market is likely to decline. Many new shares may not be sold, and the skyrocketing listing of new shares will become a legend, or there may be no opening price limit. Then, holding a new fund may no longer be a sure bet.

2. At present, the historical expected annualized expected return of the new fund can reach 20%, and the general historical expected annualized expected return is about 8- 15%, which is considered as a low-risk and high-expected annualized expected return product. As innovation is getting hotter and hotter, the scale of innovation funds is getting bigger and bigger, and as a result, the expected annualized expected rate of return is declining. Because playing a new fund has a large transaction cost, including subscription fee, redemption fee, management fee and so on. Especially if investors want to quit after the IPO stops, deducting the higher redemption rate, according to the exit time, it is likely to expect the annualized expected return to be less than 2%.

The new funds are basically hybrid funds, and the allocation ratio of such funds to various assets such as stocks, bonds and cash can be greatly adjusted. If stocks only account for a small proportion, that is to say, most of the expected annualized expected returns of this fund are not from stocks, even if the new shares are won, it is not so obvious in this fund. In a bull market, the expected annualized expected return of hybrid funds is usually weaker than that of equity funds, but the advantage is that the risk is small. In addition, the new funds will dilute the expected annualized expected return. Funds participating in IPO usually value short-term profits, but holding funds is a relatively long-term choice. Therefore, the high expected annualized expected return in IPO stage will be leveled by time and amount of funds.

Some professionals believe that it is doubtful how long the myth of unbeaten new shares can last in the case of continuous application of new funds, but the continuous daily limit of new shares issued under the registration system may be reversed.

The expected annualized expected return of the fund is not good or bad, because it is a new fund. Be sure to remember the basic rules of fund selection, and don't buy a new fund as soon as you hear it. How do you evaluate a new fund? How do the expected annualized expected returns in recent 1 month, 3 months and 6 months compare with similar funds and the broader market? What is the historical expected annualized expected rate of return? Who is the fund manager and what is his past performance? Therefore, the principles and criteria for choosing a new fund are the same as those for choosing other funds. The data and indicators to be seen still depend on it. Don't be impulsive when hedging.

Introduction reading

20 15 what does it mean to subscribe for a new fund?

Follow the new fund and have meat to eat. 2065438+June 2005 which new funds are of high value?

How high is the winning rate of 20 15 fund? Is the winning rate of the new fund necessarily high?