走出拆分基金的三大认识误区

Resolution of the three funds out of Misunderstanding

In order to attract investors, a new fund in the growth process, the Fund will be split in order to promote the growth of the scale. But this, investors often a misunderstanding.

Misunderstanding a fund dividends will damage the interests of the holders. This kind of understanding is not comprehensive. In theory, because, after the split, to raise new funds through the fund investors and the increase will be diluted to a certain extent, the original holders of the receipts. However, fund raising funds are needed Jiancang, in shock City environment, through low-cost Jiancang it is conducive to the overall revenue increase. Therefore, as a static view of the separation is incomplete.

Mistakes 2, split the proceeds after the original has been reduced. For investors speaking, the resolution does not change the total assets of investors, the net value of the Fund is reduced to one yuan, and at the same time increase the share of funds held by investors. The interests of investors do not have been affected. Therefore, the split caused investors to reduce income that is not tenable.

Mistakes 3, resolution will change the Fund's investment objectives and strategies. Resolution Fund investors only adjusted the proportion of the holders, does not change the total assets, fund holders will not have any substantive impact on rights and interests. Therefore, fund managers and operation of fund management approach and any changes will not happen. In particular, is the Fund's investment scope, performance base of comparison, the risk characteristics of earnings, fund managers, the rate structure continues to follow the model before the split.

Therefore, before and after the split of how to fund performance, fund managers split on the asset structure. In addition to adjusting the original assets, the fund will be split funds for large-scale use of split Jiancang, the Fund will be the net change in the future have a greater impact. Therefore, investors, this point is that require attention. Resolution of the Fund for the Resolution of the net before and after the change should have full understanding and preparation.

In addition, the author believes that the resolution should be looking forward to the future performance. Since the split does not alter the Fund's investment objectives and strategies, and did not affect the income of investors, investors should seize the funds split the investment opportunities. Because the resolution approved by the management of the Fund, was to the good operation of performance history as the basis and prerequisite for the conditions. For example, the Fortis Fund Featured in the resolution before the Jinniu fund companies is a five-star fund. The fund managers have is the Department of Labor and Social Security approved the first batch of corporate pension investment managers, 2004-2005-2006, the company received for three consecutive years, "China Securities News" granted "Jinniu fund management companies Award" Similarly, 2007 In January, the rich countries Tin Shui Fund was awarded the "China Securities News" presented the "2006 Open mixed Jinniu Fund" and Jiashi revenue growth of the Fund as at the end of 2007, total receipts amounted to 444.02 percent, a 2-year Morningstar rating of 5 Star. Thus, Resolution Fund, whether in the history of performance or qualifications of fund managers and investors are worth on the strength of concern.