129788654667656250_45Funds frequently trade does not necessarily make money mobile phone free www.cnfol.com April 14, 2012, Metro express view comments 65 trading days up 7.26%, which is the market so far this year gains, looks beautiful, but amplitudes of up to 15.72%. In shockAll investors are at a loss, including those used to stock fund of the higher exchange rate.
WIND information according to the 2009 three-year high exchange rate of 43 stocks funds, since the beginning of this year the average run rate of return transmission of similar funds
tera power leveling, funds to overcome the market only has 1. Fund Manager trading frequent WIND information display, 2009Years, the Fund stock stock exchange rate has always been at a high level, in 2009, all funds shares average exchange rate of 447.76% 2010 all bonus shares stock exchange rate rose to an average of 830.88%; by the year 2011, in the context of Shanghai stock index fell by 21.66%, all Fund's average shares stock exchange rate679.54%. Fund analysts said higher exchange rate fund industry is the most common phenomenon, much higher than the level in foreign countries.
United States open Fund in mature markets, such as the average exchange rate of 65% per cent, and 2010 a-share market exchange rate lower than 100% funds only by great wall brand only. According to the sources, and preference of the China Fund short-termHave a great relationship.
It deviated from the principles of value investing, of course. Other analysts think that, mainly the market environment, China's stock market fluctuations, in order to obtain a stable income, no timing is absolutely not acceptable. The analysts urged, as an example in the first quarter of this year, Shanghai high 11%, while the final quarter the market hold 3%��
It can be said that not only the Fund frequently traded purely as bad behavior, which to a certain extent, indicates that the Fund of risk avoidance.
Exchange rate fluctuation of high performance high exchange rate and the performance of the Fund whether there is a causal relationship? WIND data and statistics show that 2009-2011 shares changed hands for three consecutive years before rates tops in one-third active management-Bonus has 43, average 2009 exchange rates 1184.23%; 2010 exchange rate rose to 1742.7% 2011 average exchange rate 1402.65%. As of April 10, the Shanghai composite index rose during the year 6.89%
tera power leveling, proactively managing unit funds averaged 3.09% over the same period, 43 high-for-Average fund gained only 2.12% hand, ran not only lost a similar Fund, was the market far left behind. Worthy of note is, Teda Manulife growth from 2009 to 2011 stock exchange rate for three years up to 1263.99%, 2011 stock exchange rate 1042.4%, return on the Fund this year as of April 10-5.7%, ranked bottom of similar fund performance. In 2009, the Fund's results for the same bottom, 2011 before the Fund fails to pass through the one-second.
But the Fund also ranks among the top ten in the past three years, in 2010, the returns on the Fund of 22.26%, ranking seventh Fund of its kind. In addition, the 2009-2011 three-year average sharesTickets changed hands at dual engines since the beginning of this year the highest rate of return-2%, failed to escape bottom performance of tragedy.
2009-2010 peer behind continuous performance, similar 126 funds in 2011, however the Fund is among 17. 43 high exchange rate of Fund, owned jointly by Wang Penghui and Peng Yang wielded Invesco great wall of Invesco great wall growth and King-ShunGreat Wall growth, 2nd, 2009 an impressive average stock exchange rate and 946.81%, respectively
tera gold, two funds also created a Fund for three consecutive years in the same stable performance of the former one-third.
However, since the beginning of this year, two fund returns-3.09% and-cent respectively, the same performance bottom. Analysts saidAnd higher exchange rate and the performance of the Fund is no necessary relation, but the high exchange rate fluctuation characteristics of fund performance does exist. High exchange rate policy requires a higher level of investment, otherwise it is easy to outsmart himself. In addition, the high exchange rate will increase transaction costs.
If your not thickened the income of the Fund, but has the potential to become a performance burden. (Reporter Zhu Wenke finishing)
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