Easy-to-understand fund entry post _ 4

Article 8 recent closed funds

Currently, there are two main options for investment in closed funds: first, small-disk closed funds that have expired recently.
The discount rate is less than 10%, and the investment value comes from "closed up ". In the first article, I explained that closed-end funds are a rule.
Without changing the model, the share can only be resold to others, so there will be a discount transaction in the secondary market. But because all the mails
Closed funds have already agreed on a closed period. For example, the closed period is from. However, from the current situation in our country
According to the situation, the opinions of the management layer are "natural expiration and stable transformation". Therefore, basically the small disks that have expired recently will be
To become an open-ended fund. In order to let everyone fully understand the benefits and risks of investing in them, we will give a brief introduction.
Let's take the fund landscape industry as an example:

On July 6, 1.06, the fund company announced that it would vote on the Fund's ban on December 31,. It also announced that
The fund landscape industry was suspended from April 1, November 16;

On November 11, 2.12, the general meeting of the holders will be held. After the full pass is closed, a report will be submitted to the China Securities Regulatory Commission;

On September 29, 3.12, the China Securities Regulatory Commission issued an approval. The fund company announced that on September 29, January 5
The CSRC will approve the request within 15 working days );

On July 10, 4.1, the fund company announced that the fund landscape industry had been withdrawn from the market since July 15, January 16, and it had officially changed its name to a great accumulation of funds.
Because it is a new open-source Fund, it will be subscribed in a centralized manner at a bank or other outlets on the 17th. Note: During the centralized subscription period,
The old holder cannot make a transaction.

On July 23, 5.1, the fund company announced that it would end the centralized subscription ahead of schedule.
Purchase );

On July 29, 6.1, the share of the old holder (that is, the previous fund landscape) was converted. the net worth of the fund landscape on that day was
1.7024 RMB; note: this is the most important day for the old Holder: after your original fund share is multiplied by 1.7024, it is you
The share of the new fund is now held.

7. From January 1, February 16, the fund shares held can be freely redeemed.

From the above process, we can see that after the Fund is closed, the old holder can follow the actual net worth of the Fund.
If you cash in your hand, there will naturally be no discounts. So for such emails that will expire immediately
Base, the current discount rate is our profit margin. What is the risk of knowing the profit? It must also exist.
. Take the fund landscape industry as an example: for example, I bought November 15 copies from the stock market in 1.35 at a price of 1000 yuan.
Its net worth is 1.50 yuan, and its discount is 0.15 yuan. If the Net Worth does not change after 3 months, my profit will be 0.15 yuan/
With a yield of 0.15/1.35 = 11%, 11% in three months should be higher than bank deposits or government bonds :) if it succeeds in the end
During this period, the stock market rose, and the block-based net worth soared. Of course, my earnings increased. If the stock market fell,
The block-based net worth must also inevitably fall. Once the block-based net worth is lower than my current purchase price of 1.35 yuan, the loss will
Generated. However, compared with open-ended Funds, closed-ended Funds have at least one additional discount. Then we can say that the closed Base
Is gemdale better than open-ended funds? Not necessarily! This type of block has mobility problems. First, waiting to block this
If the stock market falls within a period of time, even if the net value of the closed fund does not fall below your purchase price, for example, the net value falls to 1.40 yuan,
Then, the second-level market price will inevitably fall or even fall more, for example, fall 1.2 yuan.
You must pay for it, so you can only sell at a loss of 1.20 yuan, even if you know that it can be worth 1.40 yuan after expiration/
Second, from buying the block to the final transfer to the open, because of the need to block the open vote and other matters, so
Basically, there will be nearly two months. The closed fund will be suspended and cannot be listed for trading. Within this period of time
You can neither redeem at net worth nor resell others. If you suddenly need money, I really don't know how to help you;

Therefore, if you invest in closed funds that will expire, you must first convince yourself of two things:

First, when your fund is switched to open-up, the stock will not fall sharply, and the callback will not be closed in the middle.
System, the key is to switch to the later stage of the open, when you perform Equivalent Conversion of your fund, the net value must be higher, the better; for example, the above
The fund landscape industry mentioned in is converted based on the net worth of January 29. If the net worth of that day is 2 yuan, then every 1
Old funds can be converted into two new open funds. If the net worth is 1.5 yuan that day, you will only get 1.5 new funds.
Gold now;

Second, you will not have to use the money during the period from purchase to switch to open-up.
In this way, we can easily find a good profit for selling at a good price or cash it upon expiration to achieve our goal.

Some may ask, what if the stock market falls after the conversion into a new fund? I said, it does not matter. Because at this time
You have achieved the goal of cashing the Fund's net worth. For example, if you hold
1000 copies will be converted to 1702.4 copies. Although the decline in January 31 is a lot, the redemption period will be reached by February 16.
Wait, you can choose to continue to hold, at this time your treatment and those in the bank at 1 yuan/copy of the purchase to the accumulation Base
There is no difference between the new holders of gold. As long as you redeem the fund in the future, the net worth of the fund is higher than 1.00 yuan.
Investment conversion is successful. In fact, the accumulation point has grown to a net worth of RMB 1.028 as of yesterday.
RMB to buy 1000 copies. The three-month income by February 16 includes a dividend of 0.40 yuan/copy, which is 400 yuan, plus the final sale.
Outbound: 1000*1.7024*1.028-1350 = 400 yuan, totaling 800 yuan. Yield: 800/1350 = 59%

Currently, closed funds to expire on the market mainly include the following:

Name
TransactionCode
Expiration Date

An Rui Suspension
500013
2007-4-28

Yuyuan Suspension
500016
2007-5-31

Gold Ding Suspension
500021
2007-5-31

Purun will be suspended
500019
2007-5-8

PHUA will be suspended
184711
2007-5-28

Xingke
184708
2007-5-30

Jin Yuan
500010
2007-5-27

Tongbao
184738
2007-5-30

Hambo
500035
2007-5-29

Tongde
500039
2007-11-30

Yuhua
184696
2007-7-31

Jingyang
500007
2007-12-31

Jing Bo
184695
2007-6-30

LongYuan
184710
2007-12-29

Anjiu
184709
2007-8-30

Xingan
184718
2007-12-29

Blue cerui, Yuyuan, and Jinding have already entered the suspension stage. They will wait for the voting results in early March.
Therefore, we will enter the fourth step in mid-to-late March, and our friends will have the last chance;

Both the Fund purun and China will suspend the service on the 27 th day after the year. The first step will be taken, but the time will be shortened. It should be the first day of the meeting on January 1, March 15.
Vote.

Jinyuan, hanbo, tongbao, and xingke are the first steps to be announced at any time.
Notice;

Finally, we would like to remind everyone to pay attention to their current prices and net worth when investing. The higher the discount space, the better.
Your own risk tolerance capabilities.

From: http://bbs.finance.sina.com.cn /? H =/g_forum/00/3 E/04/view. PHP % 3 FFID % 3d330530% 26 tbid % 3d2083 & G = 10 & n = 1 posted @ 2007-08-17 anytao read (720) Comments (0) edit the category of the favorites: 32 [have to reprint]