(1) Fund Category 1. Securities Investment Fund Securities Investment Fund refers to a collection of interest sharing and risk sharing, that is, through the distribution fund unit, centralized investor's funds, hosted by the fund managers, by the fund manager Manage and use funds, engaged in financial instruments such as stocks, bonds.
2. Open Fund Open Fund refers to the total number of fund issues, and the total number of fund units increases at any time, and investors can purchase or redeem the fund units according to the fund's offer by fund's quotation.
3. Closed Fund Closed Fund refers to the total number of issues in advance, the total number of fund units is constant during the closed period, and the investors after the fund will be transferred to the fund unit by the securities market.
4. The contractual fund contractual fund is also known as the unit trust fund refers to the funds of investors, managers, and custodians as funds, and issued a fund for issuing benefit vouchers by signing a fund contract. It is based on contractual principles, and there is no fund charter, and there is no company's board of directors, but through the fund company to regulate the behavior of the tripartite parties. The fund manager is responsible for the management operation of the fund. As the name of the fund, the fund custodian is the name of the fund asset, responsible for the storage and disposal of the fund assets, supervising the operation of the fund manager.
5. The company's fund company fund is also called a common fund. It means that the fund itself is a company, the company raises funds by issuing stocks or benefit vouchers, and then entrusted an investment advisor to invest in.
6. The growth fund growth fund is the most common in the fund. Long-term value added in this type of fund asset. In order to achieve this goal, the fund manager usually invests fund assets in the company's stocks of high reputation, long-term growth prospects or long-term surplus.
7. Income Fund Release Fund is primarily investment in securities that can bring cash income to obtain the maximum income of the current period. The growth of income fund assets is small, and the risk of loss of this penalin is relatively low, which is generally divided into fixed income funds and equity income funds.
8. Balanced Fund Balanced Fund is its investment objectives to get both income, but also to pursue long-term value-added, usually in stock and bonds to ensure the safety and profitability of funds.
9. The public fund raising fund refers to a securities investment fund that is subject to non-specific investors by the competent authority of my country's government authorities. For example, the closure fund on the domestic securities market is a public fund fund.
10. Private equity fund private equity fund refers to a collection investment in non-public propaganda, privately raised funds to specific investors.
11. The stock fund stock fund refers to the fund mainly investing in the stock market. This is a relatively concept, not to ask all funds to buy stocks, or there are small amounts of funds to invest in bonds or other securities, my country's relevant regulations, Not less than 20% of the fund assets must invest in government bonds. A fund is not a stock fund, often in accordance with the investment objectives and investment scope according to the investment objectives specified in the fund contract. Closed funds and most open funds of all domestic listing transactions are stock funds.
12. Bond fund bond funds refer to all or most of the funds in the bond market. If all investment in bonds, it can be called a pure bond fund, such as the Huaxia Bond Fund; if most fund assets invest in bonds, a small part can invest in stocks, can be called the bond fund, such as the South Baoyuan bond fund It stipulates that bond investment accounts for 45% -95% of fund assets. The proportion of stock investment accounts for 0-35% of fund assets. When stock markets are not good, they can not hold stocks.
13. Index Fund Index Fund is an investment in an exponentized manner, which is simple to choose a certain market index to track, passive investment in the market, so that the fund's revenue is consistent with this market index.
14. The fundamental fundamental fund is a semi-closed fund variety. The fund provides a certain fixed ratio (such as 100%, 102% or higher) for investors in a certain investment period (such as 3 years or 5 years), in addition to some of the other high income Investment in Financial Tools (stock, derivatives, etc.) is maintained for investors with an additional return potential. Investors can get the guarantee of this gold return as long as the fund expires. In the case of large market fluctuations or overall market overall, Baoshui fund is low, and it is expected to obtain a low bank deposit interest return, and investors who have targeted to long-term investment provide a low. Risk also owns investment tools for appreciation potential. 15. The Exchange Trading Fund Exchange Fund (ETFS, Exchange-Traded Funds) refers to a fund that can be traded in the exchange. The Exchange Trading Fund is still an open fund from the legal structure, but it is mainly traded in a secondary market; and usually does not allow cash purchase and redemption, but in a basket of stocks to create and redeem Fund unit. For general investors, the Exchange Trading Fund is mainly traded in the secondary market.
16. Monetary Market Fund Money Market Fund is a fund variety of short-term investment tools that invest in bank regular deposits, commercial votes, acceptance bills, etc. .
17. The umbrella fund is also known as the "Astrogen Fund" or "Umbrella Structural Fund", which is an organizational form of the fund. Under this organizational structure, the fund initiator is based on a total fund recruitment, and the fund is established only to convert according to the regulations and rate levels. These funds are called "sub-fund" or "ingredients. Fund "; this fund system constructed by these subfunds is called" umbrella fund ".
18. SPECIALTY FUNDS refers to the investment of funds to invest in stock fund products in a particular industry. In contrast to the general stock fund, the special fund is effectively narrowed, which has stronger targeted investment in choosing investment objects; the fund manager can focus the main research and development energy in the established industry, not only improve investment management The degree of specialization is also reduced to a certain extent. Taking the US fund industry as an example, the more common special funds in the investment area include high-tech, mass media, health care, finance, utilities, natural resources, real estate, etc.
19. The Decree Fund Dublishing Fund is also known as "Debt Fund". The national or distribution company is a special fund set by the unfastrual bond or the company's debt; many developed countries have established a debt fund system. Japan's debt repayment fund system is determined in Japanese Minmification for 39 years according to the national debt finishing fund special accounting method. The pay debt fund is generally set to set up in a staging method of bonds. The definition fund is generally extracted from the release company surplus every year, or it can be extracted according to the fixed amount or the proportion of bonds per year.
20. The Government Government Bonds Government Public Bond Fund refers to funds that have been directly or indirectly secured by government securities. Technical objects include national coupons, national treasury, government bonds, and government bonds issued by government bonds. The biggest advantage of investing in this fund is high security. Because it has government guarantees, the revenue is relatively stable, and the liquidity is also large.
(2) The fund organization 21. The Fund Contract Fund is a "Entrusted Financial Agreement". It is a written legal document of the fund manager, fund custodians, and fund investors to clarify the rights and obligations of the fund parties and obligations. The status and responsibility of the Partyers of the Fund Contection. The fund manager has the right to manage fund property; the fund custodian has custody protection for fund property; investors enjoy income rights of fund operating income and assume investment risks. The main contents of the fund include: the fund's holders, managers, custodians' rights and obligations; the issuance of funds, purchase, redemption and transfer, etc .; fund's investment objectives, scope, policies and restrictions; fund assets estimate Value method; fund's information approval; fund's cost; income distribution and taxation; fund termination and liquidation. Once the investor subscribes to the fund, it means that you have acquired the fund contract, and you are willing to entrust the fund manager "on your fingering". 22. The fund manager fund manager refers to the professional investment knowledge and experience. According to the provisions of laws, regulations and fund conventions or fund contracts, management fund assets, seeking the fundamental value of fund assets, so that the fund's benefits Maximize the organization. In my country, in accordance with the provisions of the Interim Measures, the fund manager is served by the fund management company. Fund Management Company is usually initiated by securities companies and trust investment companies with independent legal status. It means that there is a professional investment knowledge and experience. According to the laws, regulations and fund regulations or fund contracts, management fund assets, seeking the fundamental assets of fund assets, to maximize the fund's earnings. In my country, in accordance with the provisions of the Interim Measures, the fund manager is served by the fund management company. Fund Management Company is usually initiated by securities companies and trust investment companies with independent legal status.
23. The fund custodian fund custodian is a representative of investors' rights, and is the name of the fund asset holder or management agency. In order to ensure the safety of fund assets, the fund is equipped with a special fund custodian storage fund asset according to the principle of asset management and asset storage.
24. The Fund Holder Assembly Fund Holder Conference is participated by the full fund unit holders or commission representatives. Major issues such as the interests of the fund holder, such as the revision of the Fund Contract, Terminate the Fund, Replace the Fund Custody, Replacement Fund Manager, Extension Fund Term, Change Fund Type, and Call People Assessing Other matters.
25. The fund managers fund managed protocol is an agreement between the fund manager and the fund custodian (generally commercial bank) on the fund asset hosting. The agreement clarifies the responsibility and rights and obligations of the principal and the custodian in the form of contract.
(3) Fund Transaction 26. The Fund of the Fund, the foundation of the fund, refers to the fund manager announces the date of the fund's establishment.
27. The fund raising period fund raised period refers to the period of time to the fund's establishment date from the date of recruitment instructions.
28. The fund depositary fund deposit period refers to the success of the fund, and is called the fund's deposit period after a period of closure period.
29. The fund unit fund unit refers to the funds issued by the fund initiator to non-specific investors.
30. The Open Day of the Fund Open Fund is a series of procedures for opening, subscription, redemption, sale, loss, transfer, etc., can handle open funds. For an open fund, it is not a transaction in any working day, so it is specified that a few working days a week will be traded, and these working days are called open days.
31. The fund subscription fund subscription refers to the process of purchasing fund units when the fund is not established during the open fund raising period. Usually subscribed price is the fund unit value (1 yuan) plus a certain sales fee. The Investor Subscription Fund should fill in the subscription application in the fund sales point and deliver the subscription amount. 32. The fund subscription fund subscription refers to investors to the fund's fund management company or the selected fund subconscious institution to open fund accounts, and apply for purchase fund units in accordance with the prescribed procedures. The number of subscription fund units is calculated based on the net value of the fund unit asset in the purchase date, and the specific calculation method must meet the requirements of the regulatory authorities, and in the fund sales document.
33. The fund transfer tube fund turning tube refers to the operation of the fund share managed institutions implemented between the same fund of the same fund in different managed points (different vendors and the cities or branches of different vendors of the same vendor).
34. Fund conversion fund conversion means that after any open funds held by the Company, the investor can directly switch to other open funds managed by the company, without the need to redeem the held fund units. , Then subscribe to the target fund. For example, in the two open funds currently issued, investors can convert the share of the South Baoyuan Bond Fund into the share of the Southern Robust Growth Fund, or the Southern Stable Growth Fund can also be held. The share is converted to the share of the South Baoyuan bond fund.
35. Non-trading transfer non-transaction transfer is a change of changes in fund unit holders caused by heritage inheritance, donation or judicial implementation. Fund non-transaction transfer includes heritage inheritance, donation and judicial implementation.
(4) Fund costs 36. Fund Transaction Fund Fund transaction fee refers to the cost of the fund transaction, mainly including subscription fees, purchase fees, redemption costs, fund transfer tubes, fund conversion fees, etc.
37. The fund operating fee fund operating fee refers to the cost of the fund operating process, which is usually deducted from the fund asset, so the net value is reduced. The main fund operating costs include: fund management fees, fund managers, sustained sales law, securities transaction costs, fund information disclosure costs, and fund-related accountant fees and lawyer fees, holding a conference fee, etc. Incurrent operating costs, etc.
(5) Fund Information Disclosure 38. Open Fund Information Disclosure Open Fund Information Disclosure includes the recruitment instructions (public specification), regular reports, and temporary reports. The regular report is also announced by daily net worth announcement, quarterly portfolio announcement, interim report, annual report. The statutory disclosure information is prepared by the fund manager, the fund custodian review, and released newspapers and websites on the Information Disclosure of the China Securities Regulatory Commission within the specified time limit.
39. Recruitment instructions (known as disclosure instructions after the first release), which is intended to fully disclose all information that may have a significant impact on investors to make investors. Including administrative situation, hosters, fund sales channels, purchase and redemption methods and prices, cost types and ratios, fund investment objectives, fund accounting principles, income allocation methods, etc.
40. Publication Open Specifications In the Open Treatment, the fund introduction, fund portfolio announcement, fund business performance, and important changes to the Fund, and Important Changes shall be disclosed in accordance with legal provisions.
41. The fund annual reporting fund annual report is a report reflecting the operation and performance of the fund throughout the year. In addition to the contents of the interim report, the annual report must also disclose the custodian report, audit report, etc. The report announced within 90 days of the end of the accounting year.
42. The Mid-Fund Interim Reporting Fund is the operation and performance of the fund for the first half of the year. The main contents include: administrative report, financial reporting important events, etc., including financial reports include accounting statements such as balance sheets, gains and distribution tables, net assets change tables and their notes, and descriptions of the association The report is announced within 60 days of the first 6 months of the accounting year.
43. The total value of fund assets of fund assets is the value of all kinds of securities, bank deposits, and other investments.
44. The net asset net value fund asset value refers to the value of total fund assets minus the expenses that can be deducted in the fund assets in accordance with relevant state regulations.
45. The net value of the fund unit asset net worth fund unit refers to the value of the net value of the calculation day fund assets in addition to the total number of fund units. 46. The total net value of fund cumulative net value fund is the sum of the net value of the fund unit asset and the foundation of the fund.
(6) Fund Gaid Distribution 47. The fund returning fund revenue refers to a part that exceeds its own value during the operation process. Specifically, fund gains include bonus, dividends, bond interests, trading securities, deposit interests, and other income.
48. The net income of the fund net returning fund refers to the balance of the fund revenue minus the cost of deducting in the fund income in accordance with relevant state regulations.
49. The Rights Rights Rights Rights Rights Rights is that when the fund manager conducts bonus distribution, it is necessary to set a certain day, which defines which fund holders can participate in dividends, and the day, the day is the equity registration day. That is, investors who have still held or subscribed to the Southern Robust Growth Fund in the day of the Rights Association and recognition of investors can enjoy this dividend.
50. In addition, the SMS is the first working day after the Right Registration Day (T date), that is, T 1 day.
51. The dividend reinvestment bonus re-investment refers to the re-investment of investors in the fund, and converted into a corresponding number of fund units, which is actually given to the new fund unit that should be distributed to the new fund unit. By.
(7) Fund Risk 52. The purchase and redeemous unknown risk of open funds and redemption unknown risks are the net value of investors to purchase, redeemed fund units on the same day. Is the last fund open day data, and the net value of the fund unit asset value in the last trading day, the investor can't predict, so the investor is not able to know what price will be in the purchase, redemption The transaction, this risk is the purchase of open funds, redeems the price unknown risk.
53. The investment risk of an open fund's investment risk, refers to the risk of stock investment risks and bond investment. Among them, stock investment risks mainly depends on the business risks of listed companies, the risk of securities market risks and economic cycle fluctuations, and bond investment risks mainly refer to the risk of interest rates affect the risk of bond investment income and credit risk of bond investment. The fund's investment objectives are different, and the risk of investment is usually different. The risk of investment in the income fund is the lowest, the growth fund is the highest risk, and the balanced fund is hound. Investors can choose fund varieties suitable for their financial conditions and investment objectives based on their own risk.
54. The force majeure risk of force majeure refers to the risk of war, natural disasters, etc., to the risk of fund investors.
55. Market risk market risks mainly include policy risks, economic cycle risks, interest rate risks, listed companies operating risks, purchasing power risk, etc.
56. Policy risk policy is to generate risks due to changes in national macroeconomic policies such as monetary policies, fiscal policies, industry policies, regional development policies, etc., resulting in fluctuations in market prices.
57. Economic cycle risk Economic cycle risk refers to the periodic changes in economic operations, and the profitability of various industries and listed companies is also cyclical, which affects the bowel market of stocks and even the entire industrial sector.
58. Interest rate risk interest rate risks are fluctuations in market interest rates lead to changes in the price and yield of securities market. Interest rates directly affect the price and yield of government bonds, affecting the company's financing costs and profits. The fund investment in government bonds and stocks, and its income level will be affected by interest rate changes.
59. Listed companies operate risk listing companies that the management of listed companies is influenced by many factors, such as management capabilities, financial status, market prospects, industry competition, personnel quality, etc., which will lead to a profit of enterprises. If the listed company investing in the fund is not good, its stock price may fall, or the profit can be used for distribution, so that the fund investment revenue has declined. Although the fund can spread this non-system risk through investment diversification, it cannot be completely circumvented.
60. The risk of purchasing power risk is that the fund's profits will be mainly distributed in cash form, while cash may result in a decline in purchasing power due to inflation, so that the actual benefits of the fund will drop.
(1) Account business 1. Who can buy the open fund of the South Fund Management Company? (1) Personal investors include Chinese residents of the People's Republic of China, the people's ID card, military certificate, passport, etc. of the People's Republic of China. (2) Institutional investors include legally registration registrations in the People's Republic of China or approved by relevant government departments, business legal persons, social groups or other organizations.
2. Where can I buy an open fund of Southern Fund Management Company? Investors Southern Financial Center, Western Financial Center, Beijing Branch, Shanghai Branch, and various industrial and commercial banks, brokerage sales outlets. buy.
3. Can Hong Kong and Macao residents purchase an open fund of Southern Fund Management Company? can. Hong Kong and Macao residents can purchase the open fund of the South Fund Management Company with a passport.
4. I have opened the fund account of the South Fund Management Company in the securities company. If I want to buy a new fund to buy a new fund? All open funds of the same fund management company are in the same fund account, but the fund management companies have done different fund accounts, and the fund account is different from the fund management company. All the fund account cards held by the Company can purchase all the open funds of the company.
Therefore, investors who have opened fund accounts in securities companies do not need to re-account for ICBC buy new funds, just add trading accounts.
5. Is it sixteen years old and has already handed an ID card? Can I open an account and purchase a fund? No. The investors who must be 18-year-old and have been approved can be opened and purchased by the fund.
6. What information is prepared by personal investors to apply for account opening? (1) Original status ID (including: resident ID card, military certificate or passport);
(2) Completed "Fund Account Business Application Form".
7. What information is prepared by institutional investor to prepare for account opening? (1) Corporate legal personnel business license in the official seal of the unit, the original copy; the career legal persons, social groups or other organizations provide the original orientation of the original department or the original registration certificate issued by the competent authority and the copy of the official seal;
(2) Legal representative certificate;
(3) Original (ID card, military certificate or passport);
(4) Legal authorization commission;
(5) Fixed "Fund Account Business Application Form" and the official seal.
Note: After the sales outlet is accepted, the fund account card is issued to the investor, but the fund account card is valid, and investors can confirm the accounts for accounts at T 2nd to the outlet.
8. How does the fund account account confirmed? The final result of the account was confirmed by the registration registrant after the end of the submission of the applicant, and the accounting applicant could receive the account acknowledgment.
9. Where is the change business of fund account information? Investors' names or unit name, ID card number or industrial and commercial registration number, unit nature, etc., investors have to apply for a transaction.
Investors' contact address, postal coding and contact number, etc., investors can modify the following four ways:
1) Carry the relevant documents to the sub-distribution institution network to handle changes.
2) Call the South Fund Corporation Customer Service Center (0755-83160300) to transform and modify;
3) Log in to the "online customer service" system of the South Fund Company www.southernfund.com; click to enter "Account Information Modification" to modify.
4) Send the number of "modified account information" on the quarterly trading note to the Southern Fund Company Headquarters - Shenzhen Futian Center District 4009 Investment Building Southern Fund Management Co., Ltd. Customer Service Center (Zip 518048) can. 10. Can someone else can be handled by myself? The logout fund account can only be personally handled by himself.
11. What are the precautions? The canceled account must have no fund balance. The content of the cancellation fund account application information provided by the investor shall be consistent with the fund account information recorded by the company's registration system.
(2) Shen (recognized) redeemed back business12. What is the subscription of open funds? The process of purchasing fund units during the opening of the open fund is called subscription.
13. Who can invest in an open fund of the company? Personal investors and institutional investors in the People's Republic of China (laws, regulations and relevant provisions prohibit except buyers).
Personal Investors: Refers to China's residents of the People's Republic of China, the people's ID card, military personnel, and passports of the current effectiveness.
Institutional Investors: Refers to the legal registration registration in the People's Republic of China or an enterprise legal person, a business legal person, a social group or other organization established by the relevant government departments.
14. Where can I apply for the company's open fund Schedule (recognition) purchase and redemption? By the company's regional financial management center and the business outlets of various generations (including electronic service channels), they will be redeemed back to individuals and institutional investors. The contact information of the company's financial management center is as follows:
Contact telephone address Southern Fund North Finishing Center Zhu Yongdong 010-66573399 1702 Room B, Fuxi Building, No. 19 Fuku Street, Xicheng District, Beijing, China South China Fund East Finance Center 1901 Southern Fund Southern Finishing Center Cao Yi 0755-82912141 Shenzhen Fund Western Financial Center, 7th Floor, 4th Floor, 4009, Shenzhen, China 7th Floor, Investment Building, 4009 Shennan Road, Shenzhen
This fund salesman includes: Industrial and Commercial Bank, Shenzhen Development Bank, Guotai Junan Securities, Galaxy Securities, Huaxia Securities, Haitong Securities, Industrial Securities, CITIC Securities, Guoxing Securities, China Merchants Securities, Joint Securities, Huatai Securities, etc.
15. What is the opening day and open time of the open fund purchase and redemption of the company? (1) Southern Stable Growth Fund, Southern Baoyuan Bond Fund and Southern Cash Monitoring Fund Application and Redemption Open Day for stock exchanges, open time is 9: 30-15: 00 sales institutions.
(2) Southern Skilling Value-added Fund generally does not accept subscriptions during the hanging cycle, redemption opening day is a sales office for sales agency for 9: 30-15: 00. If the day is not the stock exchange of the stock exchange, it will not be open.
16. What is the principle of purchasing and redemption? (1) The principle of "unknown price", that is, the purchase, redemption price is calculated based on the net value of the fund unit asset value of the application.
(2) The principle of "amount purchase, share redemption", that is, apply for an amount, redeeming the application;
(3) In the case of restricted purchase, the subscription fee is calculated by a single application amount corresponding to the number of subscribed application amount;
(4) The purchase and redemption application on the day can be revoked before 15:00 on the same day;
(5) The proportion of the highest holding fund unit in the fund account will not exceed 10% of the total share of the fund. Due to the insufficient subscription, other investors redeemed or divide or dividend re-investment during the fundraising period exceed 10% of the total fund total share, but restricted investment; (6) Fund deposit period Inside, the fund share of a single investor purchase plus the fund share held by an open day must not exceed 10% of the total share of the previous Openland fund, and the exceeding part is not confirmed;
17. Do you have to apply for the purchase and redemption of the company's open fund from the counter? Can be handled by the agent. I have to provide my valid ID card when I apply for a redeem.
18. What are the agreement on the subscription and redemption of the company's open fund? (1) The minimum amount of 1,000 yuan is 1,000 yuan, and the minimum amount of purchase is 1,000 yuan, and the minimum amount of difference is not set; the direct sales outlet is 1 million yuan, the minimum amount of the purchase is 1,000 yuan. RMB And do not set the difference limit. (However, investors who have been subscribed to the Southern Rabits Growth Fund unit in any sales outlet are not limited by the first minimum purchase amount);
(2) The minimum share of redemption is 1000 fund units, and does not set the difference limit, the fund holder can redemption all or some of the fund units, but a redemption leads to the fund unit balance of the fund unit in one outlet. When 1,000 copies, the balance part of the fund unit must be redeemed together;
(3) Sub-cost, balance processing method: The effective share of the purchase is after deducting the corresponding fees in accordance with the actual confirmation amount, calculates the two digits after the fixed decimal point, the decimal point, two parts, the decimal point of two Go to the assets represented by the parties;
(4) Handling method of redemption amount: The redemption amount is calculated by the actual valid redemption share by the actual valid redemption shares, and deduct the corresponding fees.
19. What is the purchase rate and redemption rate of the Southern Robust Growth Fund? (1) The purchase rate is decremented by the increase in the amount of purchase, as shown in the following table:
The purchase amount (M) subscription rate M <1 million 1.6% 1 million ≤ M <10 million 1.3% M ≥ 100 million 1.0%
(2) The redemption rate is 0.5%; the redemption fee is the fee for registration;
20. How do I calculate the purchase share of the Southern Stable Growth Fund? The subscription amount of the Southern Robust Growth Fund includes the purchase fee and net purchase amount. among them
Sub-cost = subscription amount × subscription rate
Net purchase amount = subscription amount - purchase fee
Sub-purchase share = net purchase amount / subscription value of the fund unit asset value
For example, an investor investment of 10,000 yuan to purchase the southern robust growth fund, the corresponding rate is 1.6%, assuming that the net worth of the fund unit asset in the subscription is 1.0168 yuan, then its purchase share is:
Sub-cost = 10,000 × 1.6% = 160 yuan
Net purchase amount = 10,000-160 = 9,840 yuan
Subscription share = 9,840 / 1.0168 = 9,677.41 copies
That is: investors invest 10,000 yuan to purchase Southern Stable Growth Fund, assuming that the net value of the fund unit asset in the purchase of the purchase is 1.0168 yuan, and 9,677.41 fund units can be obtained.
Example 2, an investor investment of 1 million yuan to purchase the southern steady growth fund, the corresponding rate is 1.3%, assuming that the net value of the fund unit asset in the purchase of the purchase is also 1.0168 yuan, the purchase share is: purchase cost = 1,000,000 × 1.3% = 13,000 yuan
Net purchase amount = 1,000,000-13,000 = 987,000 yuan
Subscription share = 987,000 / 1.0168 = 970692.36 copies
That is: investor investment of 1 million yuan to purchase Southern Robust Growth Fund, assuming that the net worth of fund unit assets in the purchase of the purchase is 1.0168 yuan, and 970692.36 fund units can be obtained.
21. How to calculate the redemption amount of the Southern Robust Growth Fund? Redemption fee = redemption Japanese fund unit asset value × redemption share × redemption rate
Redemption amount = redemption day fund unit asset net value × redemption share - redemption fee
The redemption fee and the redemption amount retains two digits after the decimal point is retained.
For example, an investor redeems 9,677.41 fund units in the South, and the redemption rate is 0.5%. It is assumed that the redemption of the fund unit asset value is 1.1168 yuan, and the redemption amount is:
Redemption cost = 1.0168 × 9, 677.41 × 0.5% = 54.04 yuan
Redemption amount = 1.0168 × 9, 677.41-54.04 = 10,753.69 yuan
That is: the investor redeems the southern steady growth fund 9,677.41 fund units, assuming that the net value of the redemption of the fund unit asset is 1.1168 yuan, the redemption amount is 10,753.69 yuan.
22. What is the purchase rate and redemption rate of the South Baoyuan bond fund? (1) The purchase rate is decremented by the increase in the amount of purchase, as shown in the following table:
The purchase amount (M) subscription rate M <1 million 0.8% 1 million ≤ M <10 million 0.5% m ≥ 10 million 0.3%
(2) The redemption rate is 0.3%; the redemption fee is the cost of registration;
23. How do I calculate the purchase share of the South Baoyuan Bond Fund? The fund's subscription amount includes subscription costs and net purchase amount. among them
Sub-cost = subscription amount × subscription rate
Net purchase amount = subscription amount - purchase fee
Sub-purchase share = net purchase amount / subscription value of the fund unit asset value
The subscription share retains two digits after the decimal point (the remainder is classified into the fund asset).
For example, an investor invests 10,000 yuan to purchase the South Baoyuan fund. The corresponding rate is 0.8%. It is assumed that the net value of the fund unit asset in the subscription is 1.0168 yuan, and the purchase share is:
Sub-cost = 10,000 × 0.8% = 80 yuan
Net purchase amount = 10,000-80 = 9,920 yuan
Subscription share = 9,920 / 1.0168 = 9,756.09 copies
That is: investor investment 10,000 yuan subscription fund, assuming that the net value of the fund unit asset in the subscription is 1.0168 yuan, and 9,756.09 fund units can be obtained.
24. How to calculate the redemption amount of the South Baoyuan bond funds? Redemption fee = redemption Japanese fund unit asset net value × redemption share × redemption rate
Redemption amount = redemption day fund unit asset net value × redemption share - redemption fee
The redemption fee and the redemption amount retains two digits after the decimal point is retained.
For example, an investor redemption fund is 9,756.09 copies of the South Baoyuan fund unit, the redemption rate is 0.3%, assuming that the net value of the redemption of the fund unit asset is 1.06 yuan, then the redemption amount is:
Redemption cost = 1.06 × 9, 756.09 × 0.3% = 31.02 yuan
Redemption amount = 1.06 × 9, 756.09-31.02 = 10, 310.44 yuan
That is: the investor redemption fund 9,756.09 fund units, assuming that the redemption of the fund unit asset value is 1.06 yuan, the redemption amount is 10,310.44 yuan. 25. How is the redemption rate of the Southern Skilling Value-added Fund? If the fund is held to three years, the redemption rate is zero; if it is not possible, its redemption rate is as follows.
Under the premise of premise, the redemption rate of the fund is decreasing with the increase of the redemption amount:
Redemous amount (M) redemption rate M <10 million 2.0% m ≥ 100 million 1.0%
Among them, 0.5% is a registered registration fee, and the remaining belongs to the fund assets.
26. What is the redeemed rate of the South Cash Military Fund? Nanfang Cash Military Fund's Shen (recognition) purchase fee, redemption fee is free, for zero transaction costs.
27. How to calculate the purchase of the Southern Cash Military Fund? The purchase share is determined by a dollar according to the actual confirmation, and retains to 0.01 copies. then:
Sub-purchase share = subscription amount / fund unit asset value
The redemption amount is multiplied by the actual confirmation of the valid redemption share and retained to 0.01 yuan. then:
Redemption amount = redemption share × fund unit asset value
Example 2: Suppose you initially subscribe to 20,000 cash gauge funds, holding a total redemption after a while, redeemed before the sales outlet query fund account balance, has accumulated 673.25 fund share, then you The redemption fund share is 20,673.25; due to the redemption of 5.2 yuan of accumulative revenue is not assigned, the amount of the redeemable redemption is:
20673.25 parts × 1 yuan / parts 5.2 yuan = 20678.45 yuan
28. What is pause or refuse to purchase? How to deal with or deny the purchase? During the fund deposit period, the fund manager may suspend the fund's subscription according to the fund contract, and report to the China Securities Regulatory Commission.
When the following conditions have occurred, the fund manager can suspend or refuse to accept the subscription application of the fund investor:
(1) The fund assets are too large, so that the fund manager cannot find a suitable investment variety, or may have a negative impact on the performance of the fund performance, thereby damaging the interests of the existing fund holders;
(2) The fund manager, fund custodian, fund sales agent or technical guarantee or personnel support of registration agencies is insufficient;
(3) The cause of force majeure causes the fund to not function properly;
(4) The trading time of the stock exchange is not normal;
(5) Laws, regulations, or other suspension of the China Securities Regulatory Commission;
(6) When the manager believes that a subscription application will affect the interests of other fund holders, they can reject the application application.
When the above (1) to (5) is suspended, the fund manager immediately published a suspended announcement on the designated media; during the suspension, repeatedly published a suspension announcement once a month; the end of the fund re-opened purchase, the fund manager The fund will be published in the designated media to renew the subscription announcement and the net value of the latest business fund unit asset.
When the above (6) (6) refuses to purchase, the subscription payment will refund the investor.
29. What is pause redemption? How to deal with when the redemption occurs? When the following cases occur, the fund manager can suspend the redeemed application of the fund investor:
(1) The reason for force majeure leads to the failure of the fund; (2) The stock exchange is not normal;
(3) Laws, regulations, or other situations determined by the China Securities Regulatory Commission.
When the above situation occurs, the fund manager reports to the China Securities Regulatory Commission on the same day. The fund manager has the application, the fund manager's full exchange; if it is not enough to pay, the reversable part is distributed according to the total amount of application for a single account. The redeemed applicant and the unrepaid part shall be redemled in subsequent openness according to the principles developed by the fund manager, and the net value of the fund unit asset in the opening day is based on the calculated redemption amount. Investors can choose to cancel the unacceptable part of the date when they apply for redemption.
Matters that have not been launched in the fund contract or the recruitment instructions, but the fund manager has legal reasons to be suspended, and should report to the China Securities Regulatory Commission to approval; after approval, the fund manager should immediately publish a suspension on the designated media Announcement; During the suspension period, at least a reminder is published every two weeks; the Suspended Fund is re-redeemed, the fund manager shall publish the fund to redemption announcement on the designated media and the recent net worth of China's net worth.
30. What is a huge redemption? How to deal with huge redemption? Take the Southern Robust Growth Fund as an Example:
The Southern Robust Growth Fund single open day, the fund net redemption application (the amount of the total number of redeemed applications deducted the total number of applications for the purchase application) exceeds 10% of the total share of the previous day, that is, huge redemption occurs.
The huge redemption process has a full redemption and partially extended redemption. When the fund manager believes that there is a capacity to redeem the redeemed application, it is executed according to the normal redemption program, that is, the full redemption. When the fund manager believes that the redemption of the redemption of the redemption of the investor has a large fluctuation of the asset value of the redemption application for the redemption investor, some extension redemption can be taken, that is, the fund management When people accept the redemption ratio of the redemption ratio of the redemption of the previous day, it is delayed. For the redeemed application on the day, the redemption share of the current reception will be determined by the total amount of redemption application, and the unhesed portion can be delayed to the next open day. Transmiscizing the next open day does not enjoy priority and the net value of the open value of the open day is based on calculating the redemption amount, so as so far until all redemption. However, investors can choose to cancel the receipt of the reception part of the date when they apply for redemption. When huge redemption and extension of payment, the fund manager shall publish an announcement within three stock exchange trading days through the designated media, fund manager's website or the salesman of the company, and explain the processing method. The Southern Stable Growth Fund has undergone a huge redemption, such as the fund manager thinks necessary, suspended accepting redemption applications; an accepted redemption application can delay the payment of redemption, but must not exceed 20 working days of normal payment time, It should be announced on the designated media.
Southern Baoyuan Bond Fund, Southern Sanage Distance Value-added Fund and Southern Cash Military Funds.
31. When can I know the net value of the fund unit asset of the company's Open Fund? The net value of the fund unit asset in the T date was calculated after the day, and announced in the T 1 day.
(3) How does the open fund of the South Fund Management Company agree? Fund Name Fund Code Default Dividend Mode Select Dividend Way Southern Stable Growth Fund 202001 Dividends Reinvestment (1) Dividends Reinvestment (2) Cash Dividend South Baoyuan Bond Fund 202101 Dividend Red Investment (1) Dividends Re-investment (2) Cash Dividend South Aerison Value-added Fund 202201 Cash Dividend Cash Dividend South Cash Military Fund 202301 Divider Reinvestment Bonus Reimbursement: The last choice method of investors in dividend rights registration is quiz;
33. How to modify a dividend mode? (1) Sub-pin agency counter, telephone bank or website;
(2) "Online Customer Service" of the Southern Fund Company website
34. Will the fund unit asset net value after fund income distribution? Can't be lower than the face value.
35. Can the subscription fund can participate in dividends? As long as the fund holder can participate in the dividend before the purchase and confirmation of the fund holder before the Right Registration Day (including the day), the investors redeemed before the Right Registration Day (including the day) will not participate in dividends.
36. Is the fund dividend need to deduct a handling fee? Unlike stocks or closed fund dividends, this fund is divided into reddish red handling.
In addition, the fund share of the investors who choose the dividend reinvestment method is also transferred to the purchase fee.
37. Investors have done the transfer tube in the dividend of equity, but whether the dividends will be affected? Any customer holding the Southern Robust Growth Fund, the South Baoyuan Bond Fund and the South Cash Military Fund is handled before the Right Registration Day, the transfer tube has not yet been transferred to transfer, the three funds held by these three funds. Only in accordance with the dividend reinvestment, the converted fund share will still be divided into fund accounts at the original sales outlet.
Any client holding the Southern Southern Sanitary Value-added Fund has been transferred to the transfer tube until the transfer tube has not been transferred. It is divided into the bank account at the original sales outlet by the cash dividend. .
38. What is the difference between cash dividend and dividend investment? Which way is better? The dividend investment is to invest in the cash revenue from investors in the fund and convert into a corresponding number of fund units, and the fund share of re-investment transformation is exempt from the purchase fee. This is actually given to the investor to the new fund unit that is equivalent to the amount of income is equal. For investors, instant revenue obtained by two dividends is equivalent, but due to investors' investment in open funds, it is a long-term investment behavior. If the choice of bonus re-investment is equivalent to chose a compound investment Method, you can enjoy the benefits of Deli, and its long-term expected revenue may be higher than that of cash dividends.
39. Is the fund dividend pay business tax and income tax? Dividend, dividend, and interest income, dividend, and corporate bonds obtained from fund allocation, and enterprises from listed companies and issuance bonds, pay 20% of personal income tax, fund to the fund, dividends, interest, interest era Personal investors allocate dividends, bonus, and interest, no longer deduct individual income tax.
Treasury payment, savings deposit interest, and sales stocks obtained from the fund allocation, the payment tax in the payment of interest income, personal savings deposit interest income, and personal trading stocks have not resumed income tax.
The bond difference income for personal investors from the fund allocation shall, according to the tax law provisions, individual investors have levied individual income tax, tax by funds are deducted by the fund; bonds obtained from fund allocation from fund investors Differential income, no business income tax.
40. Does the buying and selling difference pay business tax and income tax? Differential revenues of financial institutions (including banks and non-bank financial institutions) Trading funds levy business tax, personal and non-financial institutional trading fund units do not levy business tax. Differential income for personal investor trading funds, the difference income of individual trading stocks did not resume personal income tax, no personal income tax; the difference income obtained from the business investor trading fund unit should incorporate the company Taxation income, levied corporate income tax.
(4) Turning the management business 41. What principles should I follow for the transfer of the transfer operation? The hoster of the open fund share is in different ways in different resident agencies. For example, the ICBC is currently branched as a hosted point according to each level, and China Merchants Bank will unify a managed point in the country. The principle of the consistent management point, that is, the transfer tube is transferred from a managed point to another different hosting point (different regions or different substitutions).
42. What matters should be paid attention to by investors to transfer tubes? (1) Investors should pass the relevant documents and materials. (Personal investors must provide fund account card, fund account card, personal valid identification; institutional investors must provide fund account card, fund account card, legal authorized commission, plus a copy of the business license of the official seal, and it is effective personal I.D.)
(2) Investors are transferred to the tube must be transferred and transferred in two steps. Investors must first go to the original managed point to transfer and confirm (after t 2 days), then go to the new managed point to transfer.
(3) When the fund holder is transferred to the transfer tube, it can be transferred to all. The same amount of redeemed amounts as the redemption should be followed when the part is transferred. That is, partial transfer tube is not less than 1000 fund units. And the remaining share is not less than 1000 fund units.
(4) Investors should pay attention to correctly filling out the transfer tube to the application order number, fund code, and fund account.
43. When can investors get confirmation after handling the transfer tube? It can be confirmed after the fund holder is handled after the transfer of procedures.
However, if the transfer request does not match the application, the transfer request is invalid until the transfer of the investor submits the application to the application.
44. Is the investor in the cost of transferring a management business? Each payment fee is 20 yuan / household at the time of transferring the management service.
45. Since the investor has been transferred to the transfer tube until the registration, it has not been transferred to the transfer tube, so that the cash bonus or re-investment share is transferred to the original transfer network. How to deal with? Any customer holding the Southern Robust Growth Fund, the South Baoyuan Bond Fund and the South Cash Military Fund is handled before the Right Registration Day, the transfer tube has not yet been transferred to transfer, the three funds held by these three funds. On behalf of the dividend reinvestment, the converted fund share will still be divided into fund accounts at the original sales outlet, so the customer must go to the original transfer network to transfer the returning investment share, otherwise The re-investment share will be hosted in the original transfer outlet.
Any client holding the Southern Southern Sanitary Value-added Fund has been transferred to the transfer tube until the transfer tube has not been transferred. It is divided into the bank account at the original sales outlet by the cash dividend. The customer only needs to go to the original network.
(5) Fund Conversion Business 46. What is the principle of fund conversion? Fund conversion can only be carried out at the same managed point of the same sales person. The fund conversion adopts unknown price method, based on the net value of the application for the net value of the fund unit; the investor submits the application for the principle of "share conversion", and the application is not less than 1000 fund units per submit.
47. Does the conversion fund charge? What is the fees? When the fund is converted, it is necessary to charge a conversion fee; if the rate of rate of complement is involved, the replenishment fee of the fund conversion may also be charged. 48. What is the conversion rate of the fund? How to charge? Each fund conversion will charge 0.2% of the fund conversion fee according to the amount of transfer.
49. Do you have a complement rate for each conversion? At present, the fund's fund is used by the front end charging method. When the purchase rate of the target fund, the purchase rate is higher than that of the highest rate in the fund, there is a difference in cost difference. For example, when using the front end charging method from the "Baoyuan" fund to "steady" fund, it is charged in the first conversion; when the front-end charging method is transmitted from the "Race" fund to the "Baoyuan" fund, You don't need to charge the complement fee.
50. How is the complement rate of fund conversion? The company now only has the Southern Stable Growth Fund and the South Baoyuan Bond Fund to handle fund conversion services.
The completion rate is as shown in the following table:
Transfer amount (M) Southern Baoyuan bond fund subscription rate Southern steady growth fund subscription rate complement rate M <1 million 0.8% 1.6% 0.8% 1 million ≤ M <10 million 0.5% 1.3% 0.8% M ≥10 million 0.3% 1.0% 0.7%
51. When redemption fund is calculated, what standard is calculated? The redemption fee is calculated as the standard calculation in the converted fund breed in the redemption fund unit.
52. Test example shows that the southern Baoyuan is converted to the southern steady investors to convert 100,000 Southern Baoyuan bond funds into the South Robky Growth Fund. Supplementation Southern Baoyuan Bond Fund's fund unit asset value is 1.0518 yuan And the net value of the unit assets of the Southern Robust Growth Fund is 1.0618 yuan, then:
Transfer amount = 100,000 × 1.0518 = 105,180 yuan
The corresponding completion rate is 0.8%; the conversion rate is 0.2%
Supplement fee = 105, 180 × 0.8% = 841.44 yuan
Conversion cost = 105, 180 × 0.2% = 210.36 yuan
Transfer amount = 105, 180 - 841.44 - 210.36 = 104, 128.20 yuan
Visual share = 104, 128.20 / 1.0618 = 98,067.62 copies
Investors have again converted to the South Baoyuan bond funds in the Southern Baoyuan bond funds again, and will no longer charge the fee, only the conversion fee is charged.
If the investor redeems the fund unit, the redemption fee is calculated according to the highest redemption rate in the converted fund variety. For the above example, it is assumed that the investor has multiple conversions. When the fund unit will be redeemed, the redemption rate (0.5%) determined by the Southern Robust Growth Fund is calculated to calculate the redemption fee.
53. Test example shows that the southern steady conversion is a capital of the South Baoyuan to convert 100,000 Southern Baoyuan Bond Securities Fund. Suppose the net value of the unit's net value of the Southern Stable Growth Fund in the Day is 1.0618 yuan. The net value of the fund unit assets of the South Baoyuan Bond Securities Fund is 1.0518 yuan, then:
Transfer amount = 100,000 × 1.0618 = 106, 180 yuan
Conversion cost = 106, 180 × 0.2% = 212.36 yuan
Transfer amount = 106, 180 - 212.36 = 105, 967.64 yuan
Visual share = 105, 967.64 / 1.0518 = 100,748.84 copies
Refer to the above example, turn again to the Southern Robust Growth Fund, and turn it back to the South Baoyuan fund again, no longer charge the completion fee, only charge the conversion fee. If the investor redeems the fund unit, the redemption fee is calculated according to the highest redemption rate in the converted fund variety. For the above example, it is assumed that the investor has multiple conversions. When the fund unit will be redeemed, the redemption rate (0.5%) determined by the Southern Robust Growth Fund is calculated to calculate the redemption fee. 54. Test example shows that the fund conversion can save investors' investment costs, and the three funds of the A, B, C are converted, and the fund conversion and redemption can save costs as shown below.
Front end charging mode A fund B fund C fund subscription rate 1.0% 0.6% 1.8% redemous rate 0.4% 0.3% 0.6%
Conversion between the above three funds, the relevant costs generated are shown in the following table:
Apply for business charges
Application rate charge
Match rate charge
Conversion rate charge
Redemption rate records the highest redeemed rate records the highest redemption rate subscription A 1.0% A fund A fund A convert B 0.2% A fund A fund B conversion C 0.8% 0.2% C funds C fund C conversion A 0.2% C funds C fund redemption A 0.6%
It can be seen from the above examples that the cost of the investor needs to pay by 3%, and if the fund is not converted, it is equivalent to purchase and redeeming 2 A funds, 1 B fund and 1 time C funds, the cost is 6.1%, in the case of the above assumption, the use of fund conversion can save 3.1% procedure fee.
The above examples are assumed, and the cost savings in the fund conversion is different depending on the conversion mode.
(6) Trading transfer business 55. What are the conditions for generating non-transaction transfer? (1) due to the inheritance of heritage;
(2) Donation is caused;
(3) due to judicial implementation.
56. What is the principle of non-transaction transfer? (1) Non-transaction overwhelming inheritance and donation is preliminary review and delivery of relevant information by the exquisite fund share managed point;
(2) Non-transaction transfer in judicial implementation is directly acceded by registered registries directly accepted its relevant information;
(3) The final unity is finally issued by the registration person to verify the relevant information.
(4) Investors can handle all or part of the Southern Southern Robust Growth Fund to non-transaction;
(5) The transferee of non-transaction transfer has not opened the company's fund account, and must first apply for account opening business.
57. What is the cost of non-transaction transfer? The agency or the company accepts non-transaction transfer business. Each additional fixed cost is 100 yuan, and then press the purchase fee and redemption fee of the transfer fund share and charges.
58. What information is required for investors to apply for non-transaction-transfer applications that have not been traded by inheritance? (1) Inherited public certificate;
(2) Prove that the effective legal document and photocopy of the death of the successor;
(3) Fund account card and copy of the inheritance before heselves
(4) Heir ID card, fund account card and copy;
(5) The application form is completed.
59. What information is made for personal investors to apply for non-transactions due to donations? (1) Donate public certificates; (2) the original certificate of the donor;
(3) Registration certificate or registration certificate of the giftor and the copy of the official seal;
(4) Parties fund account card and copy;
(5) The application form is completed.
60. What information is required for institutional investors to apply for non-transaction-transfer applications that have not been traded by donations? (1) Donate public certificates;
(2) The business license or registration certificate and the copy of the official seal;
(3) Donate the authorization of the manager;
(4) Donation party's identity document and photocopy;
(5) Registration certificate or registration certificate of the gift party and the copy of the official seal;
(6) Parties fund account card and copy;
(7) Fill in the application form.
61. What information is required for personal investors to apply for non-transaction-transfer applications in the judicial judgment? (1) The judicial judgment or judicial mediation that has taken effect;
(2) Parties fund account card and copy of the parties;
(3) Parties ID card, fund account card and copy;
(4) Fill in the application form.
62. What information is required for institutional investors to apply for non-transaction-transfer applications that have not traded due to judicial judgment? (1) Effective judicial judgment or judicial mediation;
(2) The parties of the parties of the party's legal persons business license or registration certificate and a copy of the formation of the official seal;
(3) Parties fund account card and copy of the parties;
(4) Authorized attorney for the manager;
(5) The ID card and photocopy of the manager;
(6) Fill in the application form.
(7) "Southern E Station" Online Trading Business 63. Which investors are currently available online in Southern E Station? Any individual investor holding an Industrial and Commercial Bank of Industrial and Commercial Bank of Industrial and Commercial Bank and the Personal Investors of the Mudong Card can handle various businesses such as fund subscription, subscription, redemption and information inquiry online.
Due to ICBC issues, only the online account of Peony card holders in Southern Regions is currently supported.
64. When can I find out when the confirmation of the trading application of the South? Investors in the "Southern E Station" online trading can pass the Southern Fund Company website, customer service hotline 0755-83160300, in accordance with the Southern Fund Company website, the customer service hotline 0755-83160300.
65. I have opened the online transaction of "South E-station" to continue to trade in the original sales channel? While trading in using the South E-Station, you can continue to use the original sales channel for transactions. But you can only redeem the fund share in the channel purchase before your transfusion tube.
66. Can I have online transactions on the South E-Station? Online transactions in the Southern E Station cannot be removed.
67. Is there an amount limit on online transactions in the South E-Station? Online transactions in "South E-Station", a single purchase amount is 1000 yuan, up to 10,000 yuan, and the amount of purchase amount is not exceeded by RMB 30,000. Over the part is regarded as an invalid application. Fund investment skills
1. Open-funded funds are increasing, how to choose?
There are many different types of funds in the market, and even if there are many differences in the same type of fund, there are also many differences in the tariffs, investment strategies, etc., so it is necessary to correctly choose a fund to do some skill. When choosing the fund, you should pay attention to browse the information of various newspapers, sales outlets or fund management companies, understand the fund's gains, fees and risk characteristics, and determine if a certain fund is working in a target. Specifically, you should consider the following:
First, is the final performance of the fund attractive, is it consistent;
Second, whether the fund management company is worth trusting, the fund manager has a professional knowledge and adequate investment experience.
Third, whether the fund's investment objectives are consistent with your goals. For example: investment goals will have a big relationship with your age, income, and family conditions. In general, it is suitable for the selection of high-risk funds, and is suitable for a low risk of risk.
Fourth, whether the fund's investment period is consistent with your needs. In general, the longer the investment period, your more you don't need to worry about the short-term fluctuations of the fund price, so you can choose to invest more active fund varieties. If your investment is less than one year, you should try to consider a low risk of risk.
Fifth, the risk of the risk you can willberia. In general, high-risk investment has higher reward potential. However, if you are more sensitive to the short-term fluctuations in the market, you should consider investing some funds with low risk and more prices. If your investment orientation is more enterprising, it does not mind the short-term fluctuation of the market, and I hope to earn higher returns, then some higher risk funds may meet your needs.
Sixth, whether the level of the fund is appropriate.
If you can use the above assessment points to the funds one by one, I believe that you will be able to pick up a need for you from a large number of funds.
2. How to choose fund management companies?
It is very important to fully understand the fund management company of the Management Fund when choosing a fund's fund. You should choose a honesty, excellent fund management company, and you should have a credibility of the fund management company, a previous performance, management mechanism, background, financial, human resources, and scale. Here is a few reference sources you can use to judge the quality of the fund management company:
First, the management and operation of the specification. The management and operation of the normative is the basic elements that the fund management company must have, which is the basic guarantee of the security of fund assets. To determine whether a fund management company is specified, you can refer to the following factors: First, the fund management company's governance structure is standardized, including the degree of dispersion of the equity structure, the establishment of independent directors and its status. The second is whether the fund management company disclosed in the management, operation and related information of the fund's fund is comprehensive, accurate, timely. The third is that the fund management company has no obvious illegal violations.
Second, business performance over the years. Whether the fund management company itself is firm, whether the internal management system is perfect, especially the investment experience, business quality and management methods of the fund manager, is enough to affect the performance of the fund performance. Some fund portfolios are responsible by a group of investment managers and analysts, and some are director of one or two managers. The personal factors of the latter are relatively heavy, so when they encounter personnel changes, the impact on the fund's derivation is also large. The fund investment has a complete management system and paying attention to collective management fund companies. Decision-making procedures are often more consistent. It is more targeted, and you should refer to their previous performance to choose, more reliable. Therefore, when choosing the fund company, it is more secure with funds managed by large investment agencies or financial institutions.
Third, the market image, the quality and level of services. The market image of the fund management company, the quality and level of investor services is also the factors you can refer to the fund management company. For closed funds, the market image of the fund management company is mainly reflected in the operation and net value of the fund, and the fund management company with better market image, and its funds are more susceptible to investors in the secondary market. Favused. Conversely, the market image is poor, and its funds often have been abandoned by investors. For open funds, the market image of the Fund Management Company is mainly reflected by marketing network distribution, charging standards, purchase and redemption, and investors' propaganda. In addition to considering fund management when investing in an open fund In addition to the management level of the company, it is also necessary to consider the extent to which the relevant fees, the convenience of the purchase and redemption, and the quality of service quality of the fund management company. 3. How do the investment fund profit?
The profit from the investment fund mainly has two, one is due to the capital profits produced by the price difference of the trading fund, one is because the investment income produced by the fund dividends. Among them, if you invest in an open fund, capital interest is due to the stock or bond appreciation of the fund's investment or gain, dividends, interest, etc., leading to the net value of the fund unit; if it is closed, capital is because The change in market supply and demand has led to the rise in fund prices, making the price difference income when selling fund units. After deducting the price of this spread, it is your true capital profit. In addition to the price difference between the sale of the fund, the fund dividends you have acquired during the investment will also increase your income, and is also an integral part of the investment fund profit. Therefore, the total income of the investment fund is equal to capital profitability plus dividend benefits.
The profit model of the investment fund is related to the type of fund. The more active growth of the fund, the higher the risk, your profit source is more mainly based on capital, if the fund's type is fixed Your profit type, your profit source will be based on dividends.
4, how to assess the fund performance?
In the previous, we have already introduced that the fund's investment income is reflected in two parts, one is the growth of fund net value, one is the dividend of the fund, so as long as the fund's net value growth rate and dividend ratio, You can know the fund's investment yield. However, it should be noted that the light is a simple yield number, and it cannot be used to completely express the quality of the fund. You also need to consider the impact of other factors on the rate of return and the long-term changes in the rate of return, to objectively judgment the fund Real performance.
From a simple perspective, the better the fund's investment revenue, the higher the operation efficiency of the fund assets, the better the fund's performance, and the higher the income you actually get. However, if you judge the good or bad of a fund performance at this time, the possibility of your mistake is great. The fund is good, it may be because the fund manager is well managed, or it may be because the market trend is very good, or because you are particularly high, you need to compare a single fund's performance with multiple standards to justice The manifestation of the fund is evaluated.
First, you should compare the fund gain with the stock market. If a fund's performance performance is better than the large market index, then you can say that this fund's management is effective, managing this fund's fund management company has excellent research and investment capabilities.
Second, you should compare the fund gain with other similar funds. Different categories of funds should be taken differently. Because the risk is different, you cannot directly compare the performance of different categories of funds. In general, the higher the risk, the more radical funds, the higher investment income should be rewarded.
Come, you should compare the fund gain and expectations, depending on the fund's investment principles and the fund manager's operational concept, see if the fund performance is in line with your expectations. When the fund performance does not match the expected very unhappy, you should look at whether the fund manager violates the investment principles and ideas promised by the fund contract, unnecessarily increase the investment risk of the fund. In addition, you should compare the fund gains and history. Only a stable performance is a real performance, and occasionally success may just be luck, and occasionally fail may be temporary. You should comprehensively determine the performance performance of the fund from a longer period of time.
Finally, you can also use some experts to judge, professional assessment reports usually provide some special assessment indicators, such as Sharp ratios, Trero ratio, etc. These risk-adjusted performance indicators can make different fund performances, It is a better measure for the management capability of the fund manager.
5. Is the fund investment and stock investment?
From the perspective of investment, funds and stocks belong to a financial product, with the potential of value-added. However, from the perspective of risk and operation, the two are very different. The fund is less risky, and the investment is more simple. Therefore, it is suitable for the general small and medium-sized investors, and the risk of stocks is large, and the investment operation changes. More, it is suitable for investors with large capital volume and high professional level.
The stock representative is your ownership of the company. If the company operates well, you can share profits as shareholders (usually in the form of bonus), and can benefit from market stock prices; the opposite, if the company has problems, your investment will depreciate, and even become a text not worth. In addition to the influence of the company's operating conditions, the market price of the stock will be affected by external economic environment and government policies, there is only a large uncertainty, so there are only more funds, and there is time to study and analyze, and timely Talents who have achieved relevant information have a big fortune.
The fund unit represented by your fund's ownership. If the fund works well, you can share profits as the fund holder, and you can profit from the fund prices. However, the fund investment and stock investment have different places that funds are very strict, the security is very high, and there are few problems. Therefore, your investment becomes the possibility that it is not worthless. Moreover, the fund is a financial management, adopting a scattered investment method, and the income has a large stability, you don't need to follow your attention every day. Therefore, if your capital is not large, there is no time or ability to pay attention to the market change, then the fund is more suitable for your investment tool.
6. What way the investment fund is appropriate?
Once the investment has been determined after the fund is on that fund, you must also make an important investment decision, that is, what is the way of buying a fund, is it in turn all the funds? Or is it a small amount to buy?
If you choose to put funds one-time in a single way, you must pay attention to the time of trading. The use of a single investment method, the profit or loss is large, which is determined by the time of investment. If you can fully master the principle of low-buy and sell, there will be rich profit, but if investment is not good, You may also lose money.
Single-bought investment can also be divided into two kinds of "long-term investment" and "timely import and exit". "Long-term investment" is a long-term investment in the fund, and regularly review the investment status, but basically will not enter and exit. "Timely import and export" is to invest in funds when it is optimistic, and when the market is reversed, the fund will immediately redeem the fund. If you have considerable investment experience and risk assurance, you can use a timely-time investment strategy, otherwise it is best to take a long-term investment strategy to avoid eroding all investment benefits.
In addition, you can also choose to use a timed fixed investment law. The so-called "regular quota" investment is the good time, the monthly or other fixed time invests a money on the fund. The timing fixed investment method has a point of investment like "zero", especially suitable for the general work-saving class with a lot of money, accumulating pensions for yourself or for the child reserve education fund. 7. What should I do if the net worth of the fund is fell?
There are many reasons why fund net worth falling, which may be because the city is deteriorated, or it may be because the fund company's management level has fallen. There are many cases where the net value falls, it may be temporary or may be long-term. When the net value of the fund fell, what you want to do first is cautious, because different reasons and conditions should have different ways.
If the fund net value decreases because the fund management company has a majority, there is no sign of improvement in the short term, then you should consider selling the fund. If the fund net value fell because the market situation has changed, then you better don't rank to make an investment decision, because market changes are unpredictable. The securities market is a market that rises in fluctuations, which may be very risky in the short term, but long-term trend is still consistent with the fundamentals of economic development. Under the long-term trend, the short-term fluctuation trend in the market is difficult to predict, you should treat the market in the usual heart, through long-term investment, pursue the stable value of capital.
8, the net value is still worth investing in the net worth?
The net worth does not mean that the fund is not suitable for investment, relative, net value, does not mean that it is not worth investing, and the fund net value is the key to judge the value of investment.
In addition to the impact of the fund manager's management capabilities, the net value is also affected by many other factors. If the fund is established for a quite long, it has grown rapidly since its establishment, the net value of the fund is naturally high; if the final date of the fund is short, it is not good, it is not good to enter the market, it may make the fund net value relatively low. Therefore, if you only use the net value as the standard to buy the standard, it will often make a wrong decision, and the purchase of the fund still needs to be the standard in its future growth. It is the correct investment policy.
9, what is the net value growth rate and cumulative net value growth rate?
Net value growth rate and cumulative net value growth rate are indexes of evaluation fund income. The net value growth rate refers to the increase ratio of the net worth at the end of the year and the net value of the fund last year. You can use it to evaluate the latest year's performance in the fund's last year; the total net value growth rate refers to the current net value of the fund is set to the fund. Increase the ratio, so you can use it to assess the performance of the fund to date.
Since the 1970s, fund net value growth rate and cumulative net value growth rate have become the common indicators of international famous fund evaluation companies and fund investors to reflect fund managers' investment. Among them, when the fund net value growth rate is calculated, if the current fund dividends, the net value of the fund will fall, so the dividend will be added to the net value of the final fund. In the case where the fund is not divided, the total net value growth rate of the fund is equal to the net value growth rate; in the case of dividends, the net value growth rate of each time period must be calculated in each assignment point, and then calculate the entire time. The accumulation growth rate of the segment.
10. What is the discount of the closed fund?
The computing fund net value is the same as the open fund, but the transaction price of the closed fund is rarely the same, and there is even significant difference. We will refer to the condition of the closed fund price below the net value is called "discount"; the condition that is higher than the net value is called "premium".
Closed funds can occasionally there may be some slight premium, but most of them are in a criteria, which is normal, because the management fund involves some costs, which will reduce the fund assets. The size of the discount rate will affect the investment value of the closed fund. If you purchase a discount, once the discount is reduced or transformed into premium, the pay is relatively considerable. Therefore, in addition to the investment objectives and management levels, the discount ratio may be the most important factor in assessing the closed fund. 11. What is the fund dividend?
According to the Provisional Measures for the Administration of Securities Investment Funds, the fund management company must assign at least 90% of the fund net income in cash, and allocate at least once a year. The net income of the fund refers to the balance of the fund gains to deduct the expenses of the fund's revenue, including the bonus, dividend, bond interest, trading securities, bank deposit interest, and other income. In addition, since the cost or cost of the fund asset should also be included in the fund income.
Since the closed fund is generally no longer issued within the vending period, the income distribution can only be in cash form, and most of the open fund can choose to receive cash or dividend reinvestment. Divided red investment methods are directly used for the cash revenue to be used to transfer to the fund unit, which is equivalent to the distribution of benefits in dividend form. But in fact, in two dividends, the actual income actually out of time is equivalent.
12. How to treat fund dividends?
The fund dividends refer to the fund's part of the fund to fund investors in cash. This part of the income is part of the net worth of the fund unit. Therefore, you actually get the assets on your own book, this is why dividends (except rights day) The reason for the net value of the fund unit decline.
Dividends don't have more frequent, the more frequent, you should choose a dividend approach to your needs. For open funds, if you want to achieve your revenue, you can also achieve the effect of cash dividends by redemption of a part of the fund unit, so the fund dividend and the number of dividends will not have a significant impact on your investment income. As for the closed fund, since the fund unit price and fund net value are often different, we must want to achieve fund income through the selling fund unit, sometimes it is incapable. In this case, the fund dividends become the only way to achieve the only fund revenue. Therefore, when you choose a closed fund, you should more consideration of dividend factors.
13. What are the provisions of the individual investor investment fund?
When investing in financial management, taxation is a very important consideration. After investment income is deducting various taxes, it will also deduct a variety of taxes, which will then be the final result. If you can fully utilize a variety of tax deals, you will have a considerable amount for your province.
Since the securities investment fund is a financial product designed for individual investors, most of the world will provide special tax benefits to individual purchase funds to encourage everyone to actively participate in investment. Because the Securities Investment Fund has special offers in taxes, in addition to being treated as a financial investment tool, it is also widely used as a tool for legitimate tax avoidance.
At present, my country's tax policy also has a very rich tax concession on individual investment funds. Basic individual investors buy selling funds that do not need to pay any tax, including stamp duty, fund capital profit tax, fund dividend income tax. It is compared that bank deposits must pay interest taxes, stocks and bond investments must pay stamp and dividend / interest income tax, which is not as good as fund investment in this factor. Therefore, you should flexibly use the fund's tax advantage, effectively achieve the purpose of asset-in value value.
