Why the partial equity fund declined in the early 15th but became the biggest winner
Source: China Business News Original title: Why did the partial fund decline in 15 years and become the biggest winner?
In September 2001, the first open-end fund in developing countries was born.
Almost 18 years have passed since public funds have inclusive entry-level biology and inclusive nature. Therefore, in theory, public funds, especially partial stock funds with a high degree of acceptability, should grow year by year., Become an influential force in the securities market.
However, in real life, there are some discrepancies between the actual situation and the 西安耍耍网 theory.
Although in recent years, the total asset value of long-term open-end funds has indeed increased year by year.
The quarterly report as of the first quarter of 2019 shows that the total value of previously checkable open-end fund assets has reached 24.
However, the proportion of partial-equity funds is getting smaller and smaller. Instead, money funds have become the biggest winners in the past 15 years.
So, what exactly is causing the proportion of partial stock funds to become lower and lower, what do netizens think?
(The wonderful comments of the following netizens come from the discussion community of fund investment applications) Netizen A: The stock market has fallen, buy a currency fund editor’s opinion: The idea of netizen A may represent the voice of many netizens.About to buy a money fund?
Netizen B: I’m a loss-making editor’s opinion: Netizen B’s opinion is actually similar to Netizen A’s. Because he is afraid, he will not buy partial equity funds.
In general, most netizens believe that the proportion of partial stocks is getting lower and lower, because the stock market has not formed a good money-making effect in the past ten years.
In this context, risky currency funds have become the choice of most people.
In addition, there are currently some monetary funds that also have a payment function that can be directly consumed.
Therefore, such a low-risk and convenient payment financial product will of course be welcomed by everyone.
So how can partial stock funds break out of the siege in the future and regain the hearts of the people?
I think it is important to achieve the following two points: First, performance is king. This is a common question. For asset management institutions, performance is the cornerstone. If the performance is not good, everything is empty talk.
In addition, from the perspective of the citizens, everyone should also note that the fund is a financial product with relatively relative performance, and the relative performance refers to how much money the fund has made compared to the benchmark.
According to this logic, not every fund manager will think “I must guarantee profit this year” or “I must earn XX% this year”.
Instead, each fund manager will consider how to beat the comparison benchmark, which is also agreed upon by both investors in the fund contract.
Therefore, when choosing the fund, Jimin must have a reasonable expectation, and do not expect too much that the fund manager can create miracles in a weak market and make profits in the impossible.
Second, there are too many homogeneous fund products for differentiated competition. As a fund company, can it introduce new products and provide some differentiated products?
For example, many investors currently like index investment, so fund companies can provide a variety of Smart Beta funds to meet the needs of different investors.
Also for investors, if a fund company offers a variety of investment products, everyone must first understand the returns and risks of each type of investment product, and never blindly invest.
Therefore, to sum up, if fund companies make equity products bigger through performance and differentiated competition, it is actually a good thing for investors.