Category: Money tips Release Date: 2007-03-28
Yesterday, the Shanghai and Shenzhen-based refers to have rosy. Shanghai-based firm refers to 3900 points, up 2.63%, to close at 3946.62 points; deep-based means to close at 3892.93 points, up 2.04%. The only innovation in the first two days of closure-based Dacheng preferred venue at least 3.0 billion fund-raising, after yesterday's turn to adjust the venue to raise share target of 35 million copies, off-course adjustments to raise share target of 15 million copies.
"Innovative sealing the base is good," "It is with the open-end funds and closed-end funds have What is the difference?" Feng Dacheng in the innovation-based optimal sales points are the Bank of China, many people have inquired about the fund money managers.
Huatai Securities, Zhongshan North Road, securities business staff of the Ministry told reporters that a lot of the base purchase of more than 10 million Dacheng preferred, up to buy a million. However, it is understood that before they buy an innovative yet to find out about the base closure. Even buyers frankly, is around to listen to a good friend said that this product only to buy, but in the end Fortunately, in fact, we do not know which.
In this regard, China Galaxy Securities reporters consulted experts in Nanjing, the Department of Management Mr. Cao Anming. He explained that the establishment of an innovative closed-end fund performance pay and performance risk reserves. Fund manager may, subject to certain conditions, under the premise of extracting once a year performance pay; fund managers and fund custodians will separate the performance of the risk of setting up a dedicated reserve account has been extracted from the January fund management fees and fund custodian fees in the provision for 10% of the performance of the risk reserve, the monthly performance of the risk assigned to the reserve account to cover the losses the fund.
Second, the investment scope, an innovative closed-end funds more flexible. Other closed-end funds invest 20% of debt limits, open-end fund prospectuses clearly the proportion of stock investment are 90% or less, while the innovative base closures can be 100% invested in stocks.
At the same time the introduction of a "lifeboat" clause. Contract in the fund at least 12 months after the entry into force, if the Fund worse resale values of 50 consecutive trading days more than 20%, fund managers will be convened within 30 working days of fund shares holders of the General Assembly to consider the mode of operation of the fund convert to open-market Fund LOF issues.
