· fengji Forum investment real disc week summary · 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 in recent years, fund company application inherent funds "since purchased" Fund products of message award-winning see newspapers, especially as industry leader of company, Shen foreclosure of every move are will attracted capital markets investors of endless conjecture is more? Still empty?
However, the vast majority of information is also only stay to guess. Looking back in June 2008, in time of the last 3 years, the market up and down around 3,000 points, the highest climb to nearly 3,500 points, touch 1664 under the lowest point. During the last 3 years and the market has experienced fear, hope, and inspire and depressed mood.
Also during this time, since the purchase and redemption of fund companies very frequently.
20% net use from purchase compared to other production and commercial enterprises, fund the company's cash flow and revenue and expenditure of funds is very simple to say, the same is limited by their industry characteristics, the fund company investment of idle funds range is very narrow except for a few "buy to cover building" company, the majority of fund companies through the investment of its funds to finance only.
Fund company of since purchased first can dates back to 2002, easy party up fund first open precedent subscription has its of Fund branch meeting 30 million copies; and thereafter is until 2005, as supervision layer official allows fund company using inherent funds investment fund products, more of fund company only began scattered to application idle funds for assets management, since purchased of Fund to currency Fund and bond type Fund mainly; and to 2007 as shares bull market began, fund company of since purchased also more actively, and will investment focus transfer to stock type products; to has 2008, and 2009 is became normal, in market downturn of period, has fund company began with since purchased new Fund of way show confidence. Wind statistics show that nearly three years, the Fund for a total of 52 companies have conducted since the purchase, the cumulative investment amounted to $ 6.6 billion of this figure can be said to be quite stunning. 2010 disclosure 48 fund companies, operating income reached $ 24.1 billion, a net profit of $ 9.6 billion. If a scale similar to fund the business of the company did not disclose financial data is a simple calculation, fund industry overall operating income will exceed 30 billion last year, net income of about $ 12 billion, almost three years the total profit of about $ 35 billion.
That is, the assets of the Fund management industry about 20% net profit of nearly three years to finance and investment funds.
Although it contains the fund company marketing considerations, but also from the side reflects the Fund's financial means of the single.
Midsize fund companies since the purchase of the most active, in fact, out of the industry are in a separate fund companies, you will find investment initiative and investment behavior has considerable differences. Expected is not quite the same, is not the most profitable funds invested more for the purchase of the company, in fact, the Huaxia, harvest, Boshi these three industry giants does not seem keen to finance and investment funds in recent years, but large amount of redemption of investment products.
Huaxia Fund has been in the past two years to cope with the large shareholder CITIC Securities (600,030, unit) in huge dividends continuously from the financial assets of "blood"; you can imagine is that built the Boshi Fund "Fund building" also needed financial support. Since the purchase of the more positive to big fund companies in the primary.
Including Yi fang da, China universal, Wah Fortune SGAM, GF, Onari, congruent huaan, Hindu 12 companies from purchase behavior more frequently. Invest the largest of which are easy to fund, nearly three years invest $ 1.15 billion, even include the redemption of shares, net purchase amounts as high as $ 700 million.
Type index of almost all of its investment products.
Fortune SGAM Fund and China is the highest number of investment companies, but not many single investment amount, subject-also more decentralized investment image of the industry as "sub-ground pepper". Meeting Tim rich most earned South lose more to currently weizhi, this three years to Trojan 6.6 billion yuan of fund investment total for fund company earned has 509 million Yuan (including has implementation profit and loss and floating profit and loss), three years total investment proceeds rate about for 7.7% because each investment point and investment period of different, this from total profit and total cost came digital and cannot accurate measure fund company of investment efficiency, only generally painted out Fund since purchased total investment return of profile.
This figure was significantly outperform the a-share index over the same period.
However, the fund company investment efficiency in contrast between the good and bad. General considerations on the basis of the total returns amount and rate of return, investment efficiency is highest in the past three years China universal fund company, invested $ 410 million new Trojan, floating under the $ 60 million, earnings rate of 14.8%.
In addition, Dacheng Fund, Everbright PRU us, efficiency of huaan fund investment is quite high, floating profit are over 20 million RMB, yields Super 10%. Yi fang da while floating surplus amounts exceeding $ 80 million, but itsReturn on investment is only equivalent to the industry average.
Although Warburg industrial inputs, but overall yields are maintained at near breakeven line only. Of course, the fund company investment is not stable also make compensation, a small number of firms in recent years since the purchase of a loss occurs. Nearly three years since the purchase of the Fund $ 340 million in the South, but as of now lost 12 million Yuan, yield-3.65%.
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