Friday, June 24, 2011

Fund third party sales October gate opening

Reporter Du Min yesterday, the Commission released the revised its official website, of the measures for administration of securities investment fund sales, and is scheduled to come into effect on October 1. Compared to earlier draft, new measures to relax the entry qualifications of Fund sales institutions and increasing Fund sales "value added service" content. Professional analysis, the introduction of measures, means that third parties, including major domestic portals channels is expected to enter the Fund sales areas, help to solve the problem of Fund channels.
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· Index Fund concentrated discussion posted this year Pocket Fund frequency out unit base first half of performance first and last difference 30% shares break into bargains Fund discount buy first half of only has 5 only unit base make money (list) 2011 second half: use lever Fund Hing full hold mission killed into BYD shares deciphered fuck disc password master main trends part relax access qualification compared 2004 version and November 2010 publishing of sought views draft, securities investment fund sales management approach under main has three point changes. First, the measures to improve access to qualifications, independent sales organization of the Fund registered capital is adjusted by $ 5 million to $ 20 million. Secondly, the measures to increase the "value added service" content, encouraging sales agencies in accordance with the principle of consistent quality and price of the Fund, improve the quality of services for fund investors and provides value-added services should follow the principles and means of receipt, clearly the rights of investors choose.
In addition, the approach also adjust conditions of access to a professional sales organization of the Fund, will form a relaxation as a form of limited liability companies or partnerships; investor relaxed to have funds, securities or other financial-related work experience in professional and personal investment people; will have the minimum qualifications of personnel of the Fund from 30 people relaxed to 10 people. Third-party sales will attend the current domestic Fund sales channel direct sales of major banks, fund companies and brokerages, which most of the large monopoly State-owned commercial banks Fund sales market.
The procedures for Fund sales institutions access conditions relaxed, making Fund diversified trends in the sales channel. In buy Yang Wenbin, General Manager of the Fund's view, admission qualifications relaxation is expected within two or three years would appear between 100 and 200 professional fund sales institutions, third-party sales will go into the Fund "warring".
This change in fund industry currently "first, the light," "purchase, redemption" sales ills, such as promoting fund company fittest, have relevance.
Expert view conducive to purify short-term fund market although difficult enemy bank brokerage, third-party sales organizations to enter the market, able to compete with the formation of the banking system, increase sales and service, but many experts still concerns about its prospects for development, that third-party sales agencies are also difficult to shake in the short term status of banking channels, the medium term, if third party pure do Fund sales is difficult to achieve profitability. De Santa Fund Research Center Chief Analyst Jiang Saichun said: "sales of gate opening is an important exploration of third party Fund, in the long term might be to break the Bank in which way. However, the exploration of how third-party sales of short-term profit has yet to be public-fund sales charge is too low, large development of small and medium-sized customer base cost is too high. "Show constant financing:" compared to the third party bank brokerage and fund sales, cost and high profit thin, pure Fund sales, short-term profit is difficult. "