What Are the Different Types of Fund Management?
Funds are collectively referred to as institutional investors, including trust investment funds, unit trust funds, provident funds, insurance funds, retirement funds, and funds of various foundations.
Analysis Fund
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- Chinese name
- Analysis Fund
- Foreign name
- Analysis fund
- Funds are collectively referred to as institutional investors, including trust investment funds, unit trust funds, provident funds, insurance funds, retirement funds, and funds of various foundations.
- Funds are collectively referred to as institutional investors, including trust investment funds, unit trust funds, provident funds, insurance funds, retirement funds, and various foundation funds. Funds in the existing securities market, including closed-end funds and open-end funds, have the characteristics of profitability and value-added potential.
- There are six elements of the analysis fund that deserve the most attention.
- (1) Fund type. Different types of funds have different investment concepts, investment objectives (whether they are long-term capital appreciation gains, or stable cash dividend distribution) and investment styles. The pursuit of investment income and risk control are also different. It is determined that it will help investors choose funds to invest in their risk appetite and return goals.
- (2) Fund manager. The prospectus section introduces the situation of fund management companies, the professional background of fund managers and their experience in the industry. Investors should examine the length and performance of the fund manager's tenure in the fund. If he has served in other funds, the past performance of other funds can understand his investment style and investment efficiency.
- (3) Investment strategy. An investment strategy is a specificization of an investment goal, which describes how the fund will choose stocks, bonds, and other financial instruments. For example, the criteria for selecting stocks are small fast-growing companies or large high-performance companies. Is the type of bonds held? At present, most funds also limit the proportion of various assets in the investment portfolio. In addition, the prospectus only refers to the scope of the fund's possible investment. As for the securities that the fund has invested in, it can be understood through the quarterly portfolio announcement.
- (4) Risk. Understanding risk is crucial for an investor. Fund companies should specify the potential risks of their investments. For example, bond funds usually focus on the creditworthiness of the bonds they invest in, and the impact of interest rate changes on the fund's net worth. Regarding risks, domestic fund companies generally describe in the prospectus from the aspects of market risk, credit risk, liquidity risk, and management risk.
- (5) Expenses. The fund's expenses mainly include sales expenses (application, subscription fees, redemption fees), various operating fees and taxes. This fee information is detailed in the prospectus to allow investors to compare the expense levels of the funds.
- (6) Past performance. Past performance can reflect the continuity of fund performance to a certain extent. The open-end fund will release a public prospectus every 6 months to update the information disclosed in the prospectus. The operating performance part of the fund will review and compare the highest, lowest, and ending values of the unit's net worth in the history of the fund. Monthly net income, net asset value, and net worth growth rate.