Trust investment under the bull market [million Olympics]

Insiders cautioned that through securities investment trusts, investors can enjoy the gains of the stock market, but also to see the inherent risks of the stock market, while the allocation of securities investment trusts and traditional fixed income trust products, may be a defensive asset allocation strategy.

With the stock market walking the bull, the Securities investment trust is the way, the number of its issuance has undergone a 2 -month adjustment since this year, and the trust industry's traditional advantage business-real estate trusts and infrastructure trusts are on the decline, Securities investment products become the highlight of Vano fund investment trust Market. Since this year, the yield of trust products has risen, but in the context of the national stock market, the election Trust is only the option of securities investment trusts? Are traditional fixed income trust products worth investing in? Compared with the previous investment trust, investors need to pay attention to what changes, and how to adopt the response strategy?

The most conservative strategy for the attack, keeping in the same: the current, the continued hot stock market to attract continuous access to all channels of funds, but also include trusts, and the constant entry of various types of funds to further promote the rise in stock prices. In the background of a floating market, the securities investment trust is indeed able to obtain high-yielding products. But it is also to be seen that the high yield of the securities investment trust corresponds to high risk.

The Securities investment Trust has a good development momentum, the stock two-class market, the fixed increase, the new sanbanxi and so on become its main investment field. At present, the higher income level of securities investment trust is benefited from the prosperous environment of stock market and the ability of trust companies to select investment advisers. Through the Securities investment trust products, investors can enjoy the gains from the stock market gains, but also should see the stock market inherent risk, when the allocation of assets Vano China needs to take into account the risks and benefits. Compared to the stock market, real estate trusts, infrastructure trusts, the proceeds are relatively low, but the income is fixed, if the stock market has a large fluctuation, the traditional fixed-income trust products will become investors "safe haven." If the Securities investment trust is " offensive " , then the real Estate Trust, the Infrastructure Trust, is " shou ". Simultaneously configuring the Securities investment trust and the traditional trust product is a defensive and offensive asset allocation strategy. "

At present, the Securities investment trust is divided into two categories, namely structured products and sunshine private placement. Structured products essentially lend money to others to magnify leveraged investments, and if well-controlled, the risk of priority investors is small, but the benefits are relatively low. The responsible person of Ping An trust said, investors direct investment in the stock market need to have strong professional investment ability, the fund company public offering products at present with relative income ranking as one of the main assessment methods, homogeneity of a higher degree. Relatively speaking, the private equity trust mechanism is more flexible, the disadvantage is that the investment threshold is higher, and the transparency is lower than the public fund.

The Securities investment Trust is only a category of the trust, in fact, trust companies in the traditional fixed-income trust products have more advantages. In the bull market, it is possible to increase the proportion of high-risk investment varieties, such as stocks and funds, but should maintain a certain proportion, such as the traditional trust products. However, we must also see that with the development of the market as a whole and the change of economic environment, the risk of traditional fixed income trust products is also increasing. According to the data of the China Trust Association, the -years1At the end of the quarter, the company's total industry risk project number is million Olympic wealth425the size of a974.47billion yuan, more theyears4increase at end of quarter193.47billion, growth chain24.777, the rate of adverse0.681. However, under the background of sufficient capital of the trust industry, adequate compensation, and gradual improvement of the industry risk mitigation mechanism, risk can be controlled.

The relevant professionals suggest that investors should pay more attention to the risk of the underlying assets of fixed income trust products and the overall management ability of trustees, and choose to cooperate with high quality trust companies. In the current economic situation, the performance of various types of assets is different, which is very high for the trustee's market judgment and capital ability. Investors need to be more cautious when choosing partners, and can reduce risk by accurately judging the correlation between assets to obtain the best asset classes.

Recently, the yield of trust products has risen. Since last year, trust products have been in crisis and default events, and the Year is the year of Trust products, many of the products will expire this year. Risk events make investors ' expectations of trust increase steadily. "Under the premise of high risk expectations, investment funds can only be obtained through risk premium compensation." "

At the same time, the boom in capital markets has made it harder for trust companies to raise funds. If the stock market continues to prosper, the yield of traditional trust products may be further increased, but the increase will be very limited, mainly because the overall social financing costs continue to decline, the stock market boom will further accelerate the risk-free interest rate downward, the traditional trust product project end of the income level will gradually decline, Trust companies can only rely on the compression of their own profits to achieve the rise in product returns. This will encourage many trust companies to embark on the road to transformation. In the context of economic downward pressure p2c, high quality trust products are declining, and if trust companies blindly attract funds by raising yields rather than innovating, this development will not be sustainable.

In practice, a number of trust companies launched innovative business, such as consumer trust, from the film consumption, pension, tourism and other aspects of the rich connotation, in the protection of consumer rights and interests, both a certain financial functions. For the innovative trust business, because at present more in the groping stage, is not mature enough, it is suggested that investors can try, but do not have too much funding.

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Trust investment under the bull market [million Olympics]