Wang Qunhang: Fully Understanding The Long-Term Value Of Cargo Base

From the tactical point of view, when implementing the long-term investment fund strategy, the most important tool is monetary fund.

Therefore, investors must fully understand the long-term value of the goods base.

Wang Qunhang said that from the general and the most concise Investment Fund Class asset allocation strategy, in terms of the disposition of high-risk products, it can be mainly rights and interests products. At present, especially those who prefer high position investment, the only constant option in low risk products is the IMF.

In short, we can use the former to make aggressive investment and use the latter as a conservative investment.

Wang Qunhang said that in the history of fund development, the IMF experienced two development climaxes: the first time from the birth of the first cargo base to the end of the big bear market in 2005, the cargo base developed to its first peak in its own history, accounting for nearly half of the industry, the second was from 2013 to the present, and by the end of the third quarter of 2014, the total value of the goods base assets rose rapidly to 17673 billion yuan, and the market accounted for 45.17%.

As for the investment risk of the IMF, Wang Qunhang pointed out that although the cargo base used the amortization cost method to price, and since its operation, only two cargo bases had suffered negative returns on the two trading days, but with the accumulation and enrichment of market experience, the management of the goods base was strictly regulated and continued to strengthen. In order to strictly control the liquidity risk, credit risk and counterparty risk of the cargo base, more stringent requirements were made for the maturity ratio and negative tolerance of the investment target, so as to escort the development of the cargo base.

At the same time, in accordance with the new regulations, when the fund managers use the fund assets to invest in securities, the total assets of the fund should not exceed one hundred and forty percent of the net assets of the fund. This means that in the near future, bond funds will not be able to scale up investment in a large scale at the appropriate time. In this way, bond funds will reduce the risk of their own portfolios and reduce the acquisition to varying degrees.

Opportunities.

And the current bond.

The market environment of bond funds may be narrowed in terms of the interest rate market environment, debt based performance and the performance of money market funds.

However, because investors have permanent demand for low-risk products, considering the factors such as the comprehensive rate of return, paction costs and liquidity convenience, the cargo base will become an alternative to many original debt based investors.