Because the bull market is coming, it means that the market is coming, but whether the newly issued new fund is worth buying is closely related to the bull market.
It is difficult to have an advantage in the entry price.
The bull market is coming. As early as during the bear market, there were shareholders holding shares and new shareholders entering the market according to the situation. The winning faces of two kinds of people in the same stock market are very different.
To ensure that the stock market turns from bear to bull, the most direct performance here is the rise in some stock prices. The stock price held by old investors is definitely much lower than that of new investors. Even if the bull market turns around and bears, when there is a big drop, the new investors will definitely be the first to be trapped, and then it will be the turn of the old investors.
A newly established fund in a bull market is like a new investor in a bull market. The difference is that the newly established funds are more professional than ordinary retail investors because they are operated by specialized fund managers. But this does not mean that the newly established Public Offering of Fund is easier to make money.
Public offering of funds has to go through a series of procedures such as filing and registration. It doesn't mean that if you buy a fund today, the fund manager can enter the market to buy and sell stocks tomorrow. During this waiting period, the stock price often rose to another level.
It's hard for fund managers to use their hands and feet
At the same time, in order to avoid the influence of fund redemption on fund operation, the funds raised during the bull market are generally closed for at least a few months, that is, after the money is invested, it cannot be moved for several months. We all know that China A shares are short-lived and long-lived, and the entry time is late, and speculative investors hold them for a short time. This is a kind of pressure for fund managers.
Or fund managers, in the bull market, the amount of funds raised is generally relatively large, and over-raising is common; For example, on July 8 this year, Penghua sold out in half an hour, and the quota was temporarily adjusted to 30 billion yuan. As a result, it was sold out with 1 1, which set a new record for fund subscription of122.4 billion yuan that day. In the end, it had to be placed in proportion, that is to say, investors subscribed for 1000 yuan, and finally only got 265438+. Generally, funds issued by bull market are very popular, but the higher the popularity, it shows that the bull market has been well known by everyone, which further shows that ordinary retail investors want to enter the market in a curve and share a piece of action. Shoe shine boy? Effect, this just implies that it is too late to enter the market now, and the market has accumulated a lot of bubbles. It cannot be said that there are no stocks with room for appreciation in the stock market with generally rising prices. It can only be said that the winning side is reduced and the risk of market precipitation is increased.
Faced with such a large amount of funds, fund managers are cautious and relatively conservative, and it is generally difficult to make major adjustments to their investment strategies, because the tail is too big to fall! However, in the bull market, the plates rotate very fast, and it is possible to change the plates every day. In fact, it is difficult for new Public Offering of Fund to follow the market and get high returns! Judging from the historical performance, generally speaking, Public Offering of Fund, a newly established star, often has a mediocre income, and what's more, there will be losses!