Category: Money tips Release Date: 2006-09-23
Source: Guangzhou Bandung Author: Huang Yongyao
In the former second closed-end funds worse resale values approaching 50% of the cases are issued by a sharp rebound, then at the weekend some "base closure" the third worse resale values approaching 50% of the cases, the rally on schedule to the should focus on, and from the midline point of view, worse resale values nearly 50% of the closed-end funds, with the return of the ultimate value of the possibility of great profit. After all, international stock markets in a mature its worse resale values is only about 20%. To focus on the specific plant species recommended for nearly 50% worse resale values, an edge plate fund-pass dry (500,038), because of its net units over the weekend 1.3126 yuan, the current price is only 0.656, worse resale values as high as 49.8%, which is the 2 billion fund worse resale values the largest closed-end funds, it is worth in the long-term concern.
And in 1998 and 2001, many of the great bull market closed-end funds because dividends subject and stick by the market to recover, but in 2001 a large five-year bear market, the environmental impact from the large number of closed-end funds fell below the net denominations, thus losing the dividend capacity, closed-end funds also will be gradually marginalized. Since the second half of last year because of the great bull market, so that all closed-end fund semi-annual report come back to face value of more than 54 semi-annual loss of closed-end funds to make up all the profits, dividends and the ability to fully upgrade beyond the market's gains, according to "securities Investment Fund Accounting Standards "closed-end fund dividends to satisfy two conditions: net income and dividends after the subjects positive net worth of not less than face value. At the same time, the allocation of the fund in accordance with relevant provisions of the income distribution of the fund should take the form of cash, at least once a year; fund proceeds, net allocation ratio of not less than 90% of the fund; while under the Fund, through dividends, on the one hand, enable investors to obtain investment those who return, the other hand, the Fund worse resale values as well as lower dividend, investors can also share a natural consequence due to worse resale values lower prices. According to Galaxy Securities Research Center, a research report that the next 9 months the implementation of closed-end funds are expected to total 200 million, the largest historical dividends, 200 billion big dividend is expected to promote the closed-end funds out of the rally.
In the closed-end fund is divided into two Lineup, one below the one billion small-cap funds, two 20's or 30 billion in the broad market fund, while the Small Cap Fund is worse resale values are only about 20%, but in the broader market fund worse resale values is as high as 40% more than 2 billion fund and 10 billion fund would have the market value of the difference is not great, only the equivalent of pocket-sized markets, small-cap stocks, but the two billion-scale than 1 billion small-cap funds worse resale values 20% is clearly unreasonable, demands the return of existence value in the future, the fund-pass dry (500,038) last week, worse resale values as high as 49% or so, at current prices (implied yield) of approximately 100%. Values are grossly underestimated.
