According to estimates, the overall discount rate of closed-end funds in the two cities has exceeded 45 billion yuan, reaching a high of 40%.
Among these funds with high discount rate, fund students topped the list with 46.84%. It doesn't seem innocent that the fund was "abandoned" by investors. Since the latest net value has not been announced, we can only compare its net value performance from April 28 to May 26. In the same period, the Shanghai Composite Index rose by 13.92%, while the net growth rate of Tongsheng Fund was only 9. 18%. It can be seen that the unsatisfactory performance is one of the main reasons why people are not interested in it.
Profitability is generally weak.
Judging from the net growth rate, the prosperity of the fund is not a case. During the statistical process, the reporter was surprised to find that only two of the 54 closed-end funds outperformed the market in the same period. They are Xing 'an Fund and Xingke Fund, with net growth rates of 14.99% and 14.92% respectively.
The arithmetic average growth rate of 54 closed-end funds is 10.9 1%, which is lower than the market 3.0 1% in the same period.
When investors buy closed-end funds, they can get benefits from two aspects, one is the benefits brought by the gradual narrowing of the discount rate, and the other is the benefits brought by the growth of the fund's net value.
Among the 54 closed-end funds, there are 28 small and medium-sized funds with the scale below 1500 million, and their discount rates are mostly between 15%-20%. The maturity dates of the other 26 small and medium-sized funds are all before the end of 2008, except for the fund Jinsheng and the fund Yuze, which are 165438+20091October 30 and 2065438+May 3 1 respectively.
Investors can adopt the strategy of holding maturity when buying these small and medium-sized closed-end funds. Even if the net value of the fund does not increase, it is expected to get a discount income of about seven or eight percentage points every year.
In addition to the discount income, the income from the growth of the fund's net value is also considerable. Since the beginning of this year, the net growth rates of Ji Jinkexiang, Fund Anjiu and Fund Jingyang are 57%, 565, 438+0% and 50% respectively, ranking in the top three. When investors choose small and medium-sized closed-end funds due in the past two years, it is very important to examine the investment and research ability of fund companies. The managers of Ji Jinkexiang, Fund Anjiu and Fund Jingyang are Yifangda, Huaan and Dacheng Fund Company respectively, all of which have strong investment and research capabilities.
Large-cap funds have great potential income.
The discount rate of large-cap funds is mostly above 40%, and its arbitrage space accounts for most of the total discount rate of 45 billion yuan. The maturity date of large-cap funds is mainly between 20 13 and 20 17 years, and the remaining duration is more than 7 years. The high discount rate is the compensation for the uncertainty caused by the long residual duration of large-cap funds.
Because the discount rate is almost the same, investors mainly examine their investment and research ability when choosing large-cap closed-end funds. Since the beginning of this year, among the 26 large-cap closed-end funds, nine have the highest net growth rate of 52%; The net growth rate of fund Yuyang is the lowest, which is 25%, and the difference between the first place and the last place is more than 1 times.