Agencies To Raise 14 Of The Next Year, The Closing Rate Of Base Discount Rate Is Obvious.

< p > < strong > the organization will rush to raise 14, and will expire next year, sealing base < /strong > /p >
< p > < strong > < a > href= > //www.sjfzxm.com/ > > fund > /a > Jin Xin turnover exceeds 4 billion 600 million yuan < /strong > /p >
< p > with the expiry of the 14 closure next year, the traditional closed funds will also gradually withdraw from the stage of history. Because of the long-term discount and the lack of liquidity, almost no fund company has ever issued such products. < /p >
< p > a brokerage investment consultant in Beijing said that because closed-end funds have certain safety cushions and are more optimistic about next year's stock market investment opportunities, holding closed-end funds expires, and the probability of profit is very large. < /p >
< p > agencies obviously can not miss the final seal of the feast. In 2013, the China Daily reported that the proportion of the 14 base holding agencies increased from 64.12% at the end of 2012 to 66.15%. Among them, in addition to the fund foundation of the fund and Jin Xin foundation, the proportion of the other 12 fund organizations had increased. Among them, Tianyuan and fund Anshun's 2 closed-end fund institutions that will expire in August 25, 2014 and June 14th will have the fastest growth rate of 5.58 percentage points and 5.13 percentage points respectively. < /p >
The trading volume of the 14 closed-end funds is increasing continuously in the market of < p > two. WIND data show that since the beginning of this year, the total turnover of 14 base blocks was 25 billion 666 million yuan, compared with 13 billion 639 million yuan in the same period last year, that is, an increase of 88.18% over the same period last year. < /p >
Jin Xin P, which is due to expire in October next year, ranks 14 in the first half of this year's turnover, reaching 4 billion 635 million yuan. In June and November of next year, the fund, Anshun and the fund, has reached 2 billion 55 million yuan and 2 billion 36 million yuan this year. It should be noted that Jin Xin, the fund, is also the 14 best performing group in the year, with a return rate of 35.99%. < /p >
< p > from the < < a href= "//www.sjfzxm.com/ > Data < /a >, the fund's Hansheng, fund Jinghong and fund Yulong turnover rank the top three, reaching 276.16%, 170.89% and 159.72%, respectively.
< p > < strong > the reduction rate of discount rate is obviously less than /strong > < /p >.
< p > < strong > the loss of the "safety pad" advantage is less than /strong > < /p >.
< p > what we usually call the closed fund security cushion is its < a href= "//www.sjfzxm.com/" > discount < /a > rate. With the closing of the closed-end fund, its discount rate is also narrowing. < /p >
< p > at the beginning of this year, the discount rate of 14 closed-end funds remained above 10%. By the end of November 22nd, their average discount rate had narrowed to 6.01% this weekend, and their average discount rate was 7.89% in June 30th this year. It is obvious that investors try to earn excess profits by narrowing down the discount rate by buying low and selling high. The above investment advisers also say that in general, the discount rate has been on the trend of narrowing along with the approaching maturity of the closing base. < /p >
< p > industry analysts warn that the security cushion of the closed fund will soon be out of date, which is difficult to provide enough security. Investors will also face higher risks caused by fluctuations in net value. In addition, because of the relatively thin safety cushion, it is difficult for fund investors to get excess returns from the narrowing of the discount rate, which means that the advantages of traditional base security cushion are gradually losing. < /p >
According to WIND information data statistics, the discount rate of Prof Whitney fund, which first expired in 14 closed-end funds, has narrowed to 2.61% as of the end of last week. In the middle of this year, its discount rate still stands at 5.7%, according to the P information statistics. The current discount rate of the fund which will expire in May next year will be narrowed to 3.9%, and the Taihe's fund discount rate will also shrink to 4.14% in April of next year. The fund's discount rate will be 7.69%, 7.79% and 8.42%, respectively, which will expire in November next year and the fund that will expire in December next year. < /p >