Classification fund investment threshold upgrade can configure long-term optimistic subject matter-三色网 333se.cc

The classification of the fund investment to enhance the threshold can be configured to mark Sina long-term bullish theme fund exposure: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click on [I want to complain], Sina help you expose them! This version of the Information Times reporter Li Jingjing recently, the Shanghai and Shenzhen Stock Exchange issued a new draft fund classification, grading fund investment threshold will be increased to 300 thousand yuan, and to strengthen the investor risk warning and education system. Many investors who hold classified funds but cannot reach the 300 thousand threshold have some trepidation. The reporter interviewed a number of industry insiders, said that the investment fund B hierarchical structure dominated by individual investors, after the implementation of new regulations, there will be a large number of individual investors leave, will lead to a grade B share size and liquidity fell sharply. That ordinary investors leave as early as possible, so as to avoid the risk of the transaction and bear markets. But insiders said, grading fund will become scarce resources, has leveraged investment needs of individual investors can grasp the opportunity policy gap period at present, appropriate to buy part of the subject long-term subject to long-term configuration. Individual investors are the departure draft under the new regulations, whether investors buy is A grade fund or B grade fund, must comply with the last 20 trading days average daily securities assets of not less than 300 thousand yuan requirements. For those who already have classified funds, but do not meet the above investment conditions of the stock customers, at present is only out of, that can only sell and redeem. According to the classification of the fund semi annual report this year, grading fund class B shares of individual investors accounted for the value of 90.86%, which indicates that the investment fund B hierarchical structure dominated by individual investors. Zhu Tao, senior analyst at Bohai securities, said that a large number of individual investors will leave, will lead to a significant decline in the size and liquidity of hierarchical B. At present, most of the grading B has been in a discount state, the future classification of B discount rate will be further widened, leading to the overall discount of grading funds. "In arbitrage funds under the action of a large number of grade A, B shares are merged into the parent fund redemption, the overall size of the fund market will appear if things go on like this grade of high probability, to further shrink" Tao added. Ji An Jinxin Fund Evaluation Center Wang Qunhang (blog, micro-blog) also pointed out that in the liquidity crunch represent the general trend under the background of individual investors proposed grading fund or as early as possible leave for good, to avoid unnecessarily trading and market risk. Grade A can buy it according to the insiders, in the new background, grading products will enter the "stock" era, because of scarce resources, most fund companies should choose to keep this type of product, transformation into LOF or ETF, the possibility of liquidation is not great. The classification of tighter regulation, B share must bear the brunt of the impact, in the short term, some two market buying fund, investors can only buy the A grade B share and then merged into the parent fund exit way, see will push up the price of A in theory, so in the short term will not have a significant grade A risk, even good." Southern China theory

分级基金投资门槛提升 可配置长期看好题材标的 新浪基金曝光台:信披滞后虚假宣传,业绩长期低于同类产品,买基金被坑怎么办?点击【我要投诉】,新浪帮你曝光他们!   本版撰文 信息时报记者 李晶晶   近日,沪深交易所发布了分级基金新规征求意见稿,将分级基金投资门槛提升至30万元,并强化了对投资者的风险提示和教育制度。很多持有分级基金但无法达到30万门槛的投资者有些忐忑不安。   记者采访的多位业内人士,均表示,分级基金B的投资结构以个人投资者为主,新规实施以后,将有大量个人投资者离场,必将导致分级B份额规模和流动性大幅下滑。建议普通投资者趁早离场,以免承受相关交易和市场带来的风险。但也有业内人士表示,分级基金将成为稀缺资源,存在杠杆类投资需求的个人投资者可把握目前政策空档期的宝贵机会,适当买入部分长期看好的题材标的进行中长期配置。   个人投资者是否该离场   根据新规征求意见稿,无论投资者是购买分级基金A还是分级基金B,都必须符合最近20个交易日内日均证券类资产不低于30万元的要求。对于已经持有分级基金但不满足上述投资条件的存量客户,目前是只出不进,即只能卖出和赎回。   根据各分级基金今年半年报,分级基金B类份额个人投资者占比均值达90.86%,这表明分级基金B的投资结构以个人投资者为主。渤海证券资深分析师祝涛表示,大量个人投资者将陆续离场,必将导致分级B份额规模和流动性大幅下滑。目前,大多数分级B已处于折价状态,未来各分级B折价率将进一步拉大,导致分级基金出现整体折价。“在套利资金的作用下,大量分级A、B份额被合并为母基金进行赎回,长此以往分级基金市场的整体规模将出现大概率萎缩”,祝涛对此进一步补充。   济安金信基金评价中心王群航(博客,微博)也指出,在流动性萎缩大势所趋的背景下,建议分级基金个人投资者还是趁早离场为佳,以免承受不必要的交易和市场风险。   分级A还能买吗   业内人士认为,在新规背景下,分级产品会进入“存量时代”,鉴于稀缺资源,大部分基金公司应该会选择保留这一类型产品,选择转型成LOF或ETF,清盘的可能性不会很大。   “分级监管趋严下,B份额一定首当其冲受到冲击,从短期看,一些二级市场买盘不足的基金,分级B投资者只能通过先买A份额然后合并成母基金的方式退出,从理论上看会推高A的价格,因此短期内分级A不会产生很大风险,甚至是利好。” 华南某基金研究员表示,短期来看,考虑到指引对分级A价格形成利好,投资者可先观望,等待分级整体折价水平较高时,再择机退出。   上海基金分析专家李颖认为,当市场看好后市时,分级B的杠杆稀缺性体现,可能引发投资者在新规实施前抢先买入看好的分级B。相应的分级B的折价也会得到加速修复,加上分级A已经处于普遍溢价状态,分级基金整体溢价的套利机会或会增加。   业内人士认为,其中投资行业标的清晰、场内份额较大、交易较活跃的品种会受到市场追捧,而部分规模迷你的分级基金或存在转型和清盘的风险。数据显示,截至二季度末,有18只分级基金总资产规模低于5000万。   可配置长期   看好的题材标的   祝涛表示,存在杠杆类投资需求的个人投资者可把握目前政策空档期的宝贵机会,适当买入部分长期看好的题材标的进行中长期配置。   在择券思路方面,祝涛认为,投资者可以流动性作为最重要的标准,且务必远离基金规模小、日均成交较低的分级B标的。在此基础上,优选指数相对平稳、B类份额净值距上折下折均有一定距离,且折价水平相对较高的品种进行配置。   分级A方面,祝涛指出,新规对分级A价格形成了短期利好,投资者可考虑以较低仓位进行参与,待分级基金整体折价水平较高时择机退出。在择券思路方面,投资者必须密切关注流动性情况,并选择对应B类份额个人投资者占比较高的分级A标的进行适当配置。   另外,兴业证券(601377,股吧)资深分析师苏竞为建议,投资者可以关注流动性好,隐含收益率相对较高,且潜在下折亏损相对较小的品种。分级A方面,投资者可以关注券商A(150200)、国企改A(150209)、钢铁A(150287)、煤炭A级(150289)和医药A(150130);分级B方面,投资者可以关注银行B(150228)。 进入【新浪财经股吧】讨论相关的主题文章: