32 fund net below face value of the Fund calmly face redemption
November 20th, 2007 | by cm8295 |The recent stock market continued to adjust to a large fund net diminished. At present, including four QDII Fund, has 32 funds dropped to 1 yuan denominations following. However, as the fund relatively adequate funds in hand, sufficient to meet the redemption of a slight increase.
32 funds below face value
since October 16 hit 6124.04 points after entering the new high shock adjustment period, the current decline has reached 13.95 percent, the biggest decline in the period amounted to 17.82%. Involvement in the market continued to drop, the recent net general fund shrink. As of yesterday, 328 open-end fund, some 32 funds below face value, including four just issued QDII funds and another 52 fund net down to one yuan denomination nearby.
Blue chips in the market continued to rise 9,10 month, the Fund had net rapid rise in the ranks of high-value fund expansion. To October 16, has 43 fund units net more than three yuan, more 10 Fund net of five yuan and above.
Galaxy Securities senior analyst Wang Qun Air Fund Analysis, below the face value of the Fund is divided into three conditions: First, the issue since the second half of the new fund; second is a pre-split Marketing Fund; Third, a large proportion of dividends Fund . September has been issued in a new fund suspended state, but after two or three months of the new fund issued under prospectuses, to be set up in a not more than six months Jiancang.Therefore, these funds if they opt in???in the stock market at a high Jiancang, now could fall below face value.
Statistics reveal that up to now this year, yielding more than 100% of the fund volume to 124, and in October 16, there have been as many as 183 fund net doubled. The Post was more entrepreneurial core optimization, and other three fund income over 200%, but the yield is now at 200 percent above the Fund has disappeared. In the October 16 start of this round of market adjustments, net shrinkage in 10% above the volume has reached 142.
While some active funds if the shares held by the poor, then the net may also decreased from 10 to 20 percent. Although the Fund has shrunk the prevalence of the net, but the majority of the fund income so far this year is still the. Even so, some investors access to a specific time, because there will be norhythms loss, we can see that fund investors can not compensable.
The bullish stock market to yield substantial increase in funds, especially the second half of the blue-chip prices rise, the Fund has become a “money tree” and even bought a fundnot compensable argument. Many people have joined the ranks of investment funds, almost two-thirds of the Christian Democratic newcomers are.Especially the “5 30″ In the future, a large number of shareholders also to the public. “The stock market adjustment of the net value of the Fund decreased from the investors is a good risk education.” Said Wang Qun flights.
Fund than adequate funds in hand
It is worth noting that the stock market adjustment and the “5 30″ when the situation is different plummeted. General Fund positions was maintained at more than 80 percent, some fund positions proportion is as high as 90 percent. If there was a large-scale redemption of the people, then the fund will be forced to sell stocks to cope with the influx redemption. This will further aggravate the volatility in the market, thus creating a vicious cycle, the situation will not optimistic. Fortunately, after a few days when the stock market plummeted after rebound quickly stabilize, and constantly reaching record highs.
Relatively speaking, the current situation would ease much. It is understood that some banks have recently recommended for the position of the appropriate redemption, the best positions will be reduced to half the level positions to lock profits, control risks.Therefore, the recent slight increase in the redemption fund, but the fund company is still sufficient to meet. “The recent liberalization of the management of the Fund also timely marketing, in order to ensure market supply and demand balance.” Said Wang Qun flights.
The recent stock market adjustment and the “5 30″ at the different positions Fund generally low cash position is sufficient.
