Category: Money tips Release Date: 2006-12-20
According to statistics, during the first half of this year, partial stock redemption rate of 83%, the average fund investors hold shares of the Fund's cycle of migraine only 7 months. Fund investors prefer Duanchao, but thus actually increased the chance of their own quilt. In the industry have suggested that individual investors, to grasp the high and low points is difficult, better to buy investment fund holding band operation.
Rapid increase in turnover rate
Latest disclosures show that during the first half of this year, the stock market has experienced since the end of February and 5 large oscillation, the Fund also will be turnover has reached exceptional heights. According to statistics, half a year's time, partial stock funds rate of subscription and redemption rates as high as 137% and 83% redemption rate from the point of view, partial stock fund holding cycle of only 7 months.
In fact, in the past few years, the turnover rate of stock funds has been an upward trend. In 2004, the stock market presents a structural bull market, partial stock-fund redemption rate is only 63%, equivalent to Fund's average holding period of 1.6 years. In 2006, when the stock market bull market, the Fund's turnover rate did not fall but rise, partial purchase, and redemption of shares of funds a rapid rise in rates, where redemption rate of 85%, equivalent to Fund's average holding period is not to 1.2 years.
To remind one:
Easy to select the wrong time to quilt
Insiders pointed out that investors always try to sell the high points, such as the market down and buy back, but the recent volatility of the stock market itself is increased and greater choice for investors when the operating frequency, the most recent partial stock redemption fund the high rate of return to one of the reasons. However, due to difficulties in timing the stock market, many investors, but because of the wrong time in the bull market in the quilt.
According to the Beijing market, a fund director said from the company, "5.30" Adjusted data shows that stock prices are usually the initial is Jingshen Gou, quick drop in the end, when a net redemption of the Department. At the beginning of fall, investors fell just one adjustment, while the later will see the index will be blew out.
According to statistics, as of last weekend, is still about 9 partial shares of the Fund's net failed to return to the "5.30" adjustment prior to May 29 with the net, compared Koda basic industries, Tenji growing wealth, China the optimal competitive net, fell by 5.61%, 5.09% and 3.02%. This means that "5.30" down the initial purchase of the capital there are many still trapped.
And then the recent June 20 began a wave of adjustments, for example, after adjustment, investors purchase the Fund's enthusiasm is still strong. June 26, the cast of Morgan opened the first day of domestic power, there Siwushiyi yuan of subscription funds influx. According to statistics, in the second quarter, partial shares of the Fund Jing Shengou in the total amount of up to more than 3100 million copies.
According to statistics, as of last weekend, there are nearly 30 partial shares of the Fund's net fails to return until June 20, in this wave of adjustments to the initial purchase of these funds are also being bound to quilt.
Reminded the two:
Toss-up chasing a low repeat now Fukui
Frequent operation of the fund investors, another major reason is that many investors think the risk of loss with low net worth lower funds, like the hands of a higher net worth to sell a fund to buy split, a large proportion of the old fund and dividends These new funds with low net value of only 1 yuan net fund. However, recently, investors throwing high and low recovery operation is repeated now Fukui.
June 13, the East selected a proclamation declaring that on June 19 the implementation of the Fund's share of the split, from June 13 to June 18 in just 6 days, the selection of the size of the rapid growth of the East to 10 billion yuan, the new raised more than 90 billion yuan of funds. However, until last weekend, the Fund's net worth is still only 0.9992 yuan, which more than 90 billion of new money is still Fukui admission.
Again, July 26, Invesco Great Wall Fund split the monopoly of resources, limit 10 billion ongoing marketing, the net funds of that day to 1 yuan, but last weekend, the fund net remaining 0.998 yuan, split the day, directed at 1 yuan net new money the same admission admission on a quilt.
Operation suggestions:
Better to buy from hold-band operation
Executive Assistant in the days congenial Gu Shan-hui suggested that investment funds rather buy from hold-band operation. Buy and hold the cost will be relatively low, at the same time does not need more professional judgments. Was possible to judge the market highs and lows, such people are a minority, and the luck element larger.
If from the above by the end of May in several waves since the adjustment of point of view, chose the wrong time might get the quilt, but from past data, released in the new fund during the period, any purchase of a Fund, the holding period of 1 year, 2 years, 3 years , 4 years, the probability of a loss of 35.29%, 8.62%, 10% and 0.
CITIC Fund, Ni Liu, director of customer service also said it is not recommended investors buy the fund to do band operation. CITIC Dividend Fund, May 30 the ninth trading day after the crash the net more than previous highs. From May 30 to June 11 between the market continued to fall relatively large extent, individual investors is difficult to decisively on May 29 after coming out to buy another no turning back, so for individual investors, to grasp the high - point and the low is very difficult.
