Category: Money tips Release Date: 2007-07-31
�related research report: Fund shady - a research report on the Fund Behavior Analysis
A kind of "stealing money" approach In life, if someone higher than most other benefits and professional reasons such as playing master of money, you give money to him to take care of, and then you suddenly find that all rights belong to the original amount of your investment, it right to know, voting rights, the right direction of investment are no longer belongs to you, even earning power have become uncertain, but you can not question whether the high commission had been withheld to lose money on time ... ... this time, your first reaction could that be? When you are ready to resort to the law, therefore, the law has to tell you: as long as the establishment of a contract between you, you are the investment of all other rights are being deprived of the agreement, which is recognized by law "legal" behavior ... ... in this case, how would you do?
Perhaps your first reaction is to hit 110, the report illegal fund-raising; maybe your second response to complaints to the Consumer Protection Committee to report a breach of contract law, the exercise of fraud with the provisions of the King; maybe your third response is to seek judicial assistance in and administrative proceedings ... ...
But when you find you are faced with a complete legal barriers so that all infringement lodge complaints, perhaps you can only fled, Baotoushucuan, away from the contentious region.
Bailing also escape. Because this is not a hypothetical story. This is the reality of China's fund industry.
Why are more loss-making more money? From the late 90s of the last century, the China Securities regulatory authorities out of emerging markets and unstable characteristics of speculative concerns, began to aggressively, ultra-conventional development institutional investors. After a few years of super-normal development, China's fund industry has been the total size of the net assets of more than 440 billion yuan, accounting for the stock holders of the stock market has been in circulation for more than 22% of the market value.
However, in China's fund industry is a very strange phenomenon:
First half of 2005 China's fund industry Liucheng losses, the fund management company management fee income growth remains strong. A comparable 31 fund management company management fee income up 67.8% year on year growth rate. There are seven fund management company management fee income increased over 100% year on year.
This is a strong contrast against that people can not help but the original intention of China's fund industry as a "professional manager of professional valet Money", "stabilize the market less speculative," "allow customers to benefit from risk reduction to improve" ... ... and so tempting had a little doubt a noble goal; right in recent years, large-scale, high-speed, ultra-conventional, turbulent expansion of the fund industry had doubts about.
At present the majority of the fund management fee of 1.5% used by fund net fixed extraction, and that the proportion of management fees extracted from the industry's self-identification and recognized by the Government and the law, and regardless of whether the fund was released to face huge redemption pressure, as long as the money passed through his hands left on the pre-management fee. A direct result of the fixed extract is a kind of lose money to make money, the dividends the amount of a sample, go to their account every month automatically push lightly money. While people have continued to put forward different views, but have yet to see the government regulatory agencies have raised objections. The fund management company registered capital of more than 1 billion yuan, while the fund management company controlled by the size of the fund net value of 5 billion yuan more than the 100 billion yuan, or even more. If the re-issue some new varieties, with registered capital of more than 100 million yuan of the fund management company's annual management fee will be Hanlaobaoshou 1.5 million, or even several times that amount.
This is the Chinese fund market in recent years in the fund holders, tears, the number of fund managers a huge amount of money hand the origin of contrasts. A total of 4 1 [2] [3] [4]
