There are seven steps to analyze a fund. Generally, you can complete the analysis of a fund according to these seven-step analysis.
The first step: the name, time and type of the fund
the second step: net worth and size
the third step: on-site and off-sitep>
Step 4: Stock Positions
Step 5: Quartile Ranking Chart
Step 6: Investment Style Box
Seventh Step: Prospectus
Today, I will give you a detailed introduction on how to analyze the name, time and type of a fund.
01 The mystery of the fund name
First of all, we need to use some tools, let’s use Tiantian Fund’s website to analyze. What is the analysis of the name of the fund? The name of the fund contains a lot of information. Each fund has a Chinese name and a fund code (6 digits), just like our ID card. What is the mystery of the fund code number? Just seeing this number can correspond to a fund. For example, our ID card is 320 in Shanghai. The same is true for the fund. At the beginning, you can know that this fund is probably one. What kind of basic situation.
Closed-end funds start with 50, and those with 50 are Shanghai stocks, but Shanghai stocks may not always start with 50. The same is true for open-end funds. The ones starting with 11 are E Fund, but E Fund’s funds are not necessarily all starting with 11.
This fund code does not need to be memorized deliberately. If we look at the fund for a long time, we can know what code is and what kind of fund at a glance, that is Practice makes perfect. The digital code is just an extension for everyone, so that you can know what the fund is when you look at the code in the future.
Next, let’s talk about the mystery of the Chinese name. There are more knowledge points that need to be mastered. For example, E Fund’s 50 Index A:
① Fund company: Represents fund issuance E Fund’s fund company is E Fund
② Mode of operation: passive investment, the SSE 50 Index means that the index contains 50 stocks, this fund is a copy of the 50 stocks in the SSE 50 Index, and The ratio of stocks. To put it simply, the fund manager will copy exactly what stocks are in the SSE 50 Index.
③ Charging method: A represents the charging method. There are some fees to buy funds, such as service fees, subscription fees, etc. Wait. Let me extend it a little bit. A\B\C represents the charging method. Generally speaking, adding A, B, and C after the same fund refers to the same fund, but the payment methods for subscription fees and subscription fees are different.
A front-end charge refers to subscription fee\subscription fee, which is the fee paid before buying the fund; B back-end charge, refers to no charge when buying, selling The subscription (subscription) purchase fee is collected together when it is released; C means that the subscription (subscription) purchase fee is not charged, and the sales service fee is charged every day. The longer the holding time, the more fees will be charged. Don't look at the slight difference, the inconspicuous cost, the difference in cost will make you make a lot of less money.
In this way of front-end charging, the fee is charged at the beginning, and usually there will be a discount on the rate; the B-end generally does not discount, and the fee will be higher if it is not discounted at the end. It will encourage you to hold for a long time and set a period for you. For example, if you hold it for less than 7 days, the rate will be higher. For 7 days to 1 year, the rate will be lower. It may not be charged for more than 1 year. A discount on the B-end; the C-end is suitable for short-term investment, the shorter the holding time, the lower the fee.
Take the E Fund SSE 50 Index A just mentioned as an example, where can I find the charging method? Open the official website of Tiantian Fund, search for the name of the fund, and then there is a fund overview-purchase information
A reminder, not all A\B\C represent charging methods, some letters represent special meanings.
02 The establishment time of the fund
The establishment time of the fund is also an important reference indicator. Generally speaking, try to invest in funds with a longer establishment time. Because only a fund has been established for a long enough time, can it truly experience a bear market, a bull market, and a shock market, and can test the cooperation ability of the fund manager and the fund team. If a fund has been established for a long time and has good returns, it means that this fund is worth our investment. Established time can be inquired in Basic Information-Basic Overview
03 Fund Type
Distinguish between public offerings and private offerings: try to choose public offerings and open the Tiantian Fund's official website. All you can find are public offerings, because private equity is issued privately.
Distinguish between active fund and passive fund: stock index is passive fund; if it is other content, such as hybrid, bond type, etc., active fund without stock index is distinguished
Open-end and closed-end: Figure 1 is open-end, Xiaobai Investment recommends buying open-end funds first, and wait until the level and skills are higher before touching closed-end funds
Distinguish between off-market and on-market: The model in Figure 1 is an off-market fund
The on-market funds are all on-market funds without the words “buy immediately” You need to open a stock account to buy, and ETFs are all on-market.
Distinguish currency type/stock type/hybrid type/bond type
You can judge by fund type on the official website
Follow me, the next article teaches you how to analyze a fund Net worth and scale