How to analyze the good and bad of a fund?

First, we must grasp five keys: 1. Excellent company: compare the management level and overall performance of the company, and you can understand it by looking at the brand.

2. Excellent ** manager, take a look at his previous resume and management ** performance. 3. **Rating, look at the announcement of the scheme, look at the **on** rating, and count the stars will always be. 4. Reasonable cost, not too expensive, unless it is worth the money.

5. Make a good combination to reduce the risk (try to make a good combination, it will reduce your chance of being rotten).

2. Do a good job of four comparisons: 1. Compare the net value and the net value growth is faster, 2. Compare the performance of the first issued at the same time and between the same periods. 3. Compared with the anti-fall, the ** income with strong anti-fall is relatively stable. 4. Relatively flexible in terms of scale and moderate scale.

Third, it also depends on one's own risk tolerance, the level of return pursued, and the degree of personal understanding and preference for **. The right ** is like the right shoes, no matter how beautiful the shoes are, they can't go well if they don't fit your size.

How can you quickly see the quality of a **?

It is difficult for us ordinary investors to identify the quality of **company and **manager, I just judge from the type of ** (risk) and past performance, I hope it will help you.

The first is to look at its historical performance and recent trends, analyze its type, see whether the current trend is suitable for it, and understand whether the investment style of this ** is in line with their own investment philosophy.

The second depends on which company and which manager is managing this **, how the management team is, and whether the company's performance is good.

The third is to make a comparison, to see if this ** performance in the same class is outstanding, if it remains at the top of the same category for a long time, then this ** is a very good**.

1. **Rating: 5 stars is the best. Morningstar Rating, Galaxy Rating, Haitong Rating, Jinxin Rating, China Merchants Rating.

Each has its own star rating algorithm, and the common denominator is that it is calculated based on past performance and cannot predict the future. 2.Historical Performance:

I've just said that, so I won't say much. Because I want to refer to historical performance, I have always recommended that everyone buy old **, not that the old ** is good, the old and rotten ** may not be as good as the new**.

2. In addition, when looking at historical performance, you should also pay attention to whether there is a change of manager, if you have changed the manager, remember that you can only look at the historical performance of the respective period of service.

3. **Manager: Look at the approximate performance and ranking of all ****managed by **manager, and most of the excellent **manager management** are good.

Categories: Business Banking >> Finance.

Problem description: How to judge the quality of a **? Is it to look at the net value of ** or to see how much it dividends?

Analysis: At the same time, the net worth is neutral and does not matter. The cumulative net value reflects the historical performance, the higher the cumulative net value reflects the stronger its management ability, generally speaking, the performance is still continuous, if the cumulative net value is much higher than the net value, it means that the ** dividend is more, more attention to the return to investors, dividends are safe, will reduce the risk of your investment.

But the decisive factor that determines your purchase is your judgment of the market outlook, if you are optimistic about the market outlook, you will buy, and the level of net worth is only an auxiliary factor. If you are optimistic about the market outlook, choose a powerful company, select a star manager, read his quarterly report, and look at his top ten heavy stocks, which can basically see his level.

1. First of all, for the past performance of the first class. Investors should understand that this is very necessary, just as looking at test scores to judge a student's excellence, past performance to a certain extent indicates the profitability of a student. While test scores aren't the best indicator, they're the most realistic and usable indicator, and the same is true for **.

2. It is necessary to pay attention to the position structure of **. Because ** is essentially the financial service provided by ** company to investors, it is expressed in the form of ** combination, because ** also want to buy ** bonds.

3. When you make a selection**. Not only do you need to understand the historical returns and risks, but you also need to know who is managing the round. The manager holds the power of investment, decides the variety and time of buying and selling, plays a pivotal role in the quality of performance, and his own investment philosophy and ideas have a profound impact on the operation of **.

4. **In operation. Usually inevitably in the general environment of the company, that is to say, the manager in the management of the idea and method, will be affected by the company's management, so the company is also one of the objects that need to be considered when choosing.

The analysis can be based on: the level of net worth, the past performance of the manager, the position of the underlying asset, the industry sector invested, the maximum drawdown, the standard deviation Li Noise, the Sharpe ratio, etc.

Net worth: The higher the net worth, the higher the past performance, and the small net worth, the average performance. Because the net value of the initial ** is 1 yuan, in the case of ** issued at the same time, in the case of no dividends, the higher the net worth**, the better.

Assuming that the net value of one ** is 5 yuan, and the net value of another ** is 2 yuan, it means that the ** income of 5 yuan net value is as high as 400%, and the ** income of 2 yuan net value is only 100%.

The past performance of the manager is an important reference index that can reflect the management level of the manager, and if the past performance of the manager is lower than the CSI 300 index for many years, it may indicate that the management ability is limited.

Industry Sector: Check whether the current industry and sector of investment are supported or suppressed by national policies.

Maximum drawdown: Indicates the maximum drawdown after buying**, generally speaking, the smaller the maximum drawdown, the better.

In general, the analysis of a ** is to analyze from the above aspects, when buying**, it is best to choose the ** that is more prominent in various indicators.

Financial management is nothing new for ordinary people, and there are many products on the market. As a result, there are many investors who make it difficult and don't know how to judge the quality of **. Let's take a look at the three major criteria for judging the best or the worst.

1. **Manager

Investment refers to the way in which investors entrust funds to managers for management and use by purchasing shares. Therefore, the ability and level of managers are the key to profitability.

There are two aspects to a manager: the manager and the company. **The stronger the company, the better, and you can refer to the performance level of other ** products of the **company. **Managers can observe their past management performance to understand their strengths and management styles.

2. **Investment target

To understand the investment target is to understand the whereabouts of the funds invested, and different investment targets also determine the investment risk of different products. **The investment target of the product is generally clearly stated in the product file.

Currencies, bonds, hybrids and currencies are divided according to different investment targets, with currencies having the lowest risk and having the highest risk.

3. Performance

**Performance comparison includes a vertical comparison of the historical performance of the same product and a side-by-side comparison of the performance of the same type of product.

Although the performance does not represent the future performance, it can be used as a reference index for the best strength. If the past performance fluctuates greatly and the performance is average, then you need to choose carefully.

In the same way, if the performance of the ** is inferior to other similar **, then it should also be carefully chosen. However, it should be noted that there is no comparative value for different types of **, for example, the risk difference between bond ** and **** itself is large, and the comparison between the two is not very meaningful.

For novices, the risk of investing is lower than direct. So, how do you see if the ** you bought is good? Let's talk about it briefly.

How do you see if it's good to buy?

First, the company

Behind an excellent ** is a reliable investment research team and a reliable ** manager, which can only be provided by a reliable ** company. What kind of ** company is reliable? **The total scale of management is large, and the industry is well-known, such as E Fund, Nanfang, Harvest, Bosera, China Universal Wealth, Huaxia and so on.

Second, Keimin Hail Gold Manager

For active stocks and winning votes, the manager is the soul of a**. Is the active investor an investment manager? How to investigate whether the manager is reliable?

First of all, you can see whether its tenure is long, whether the return is high, whether the working time is long enough, whether the industry resume is good enough, and the more conditions are met, the more reliable the manager is.

3. Performance

Choosing a ** must depend on performance, but there is also a focus on performance. First of all, the ** that has been established for no more than 3 years can be passed! Those who have not experienced a bull and bear cycle have no convincing performance.

Secondly, we have to observe the retracement of this ** in the period of market weakness, and choose the more resistant ****. In terms of performance, the long-term performance is stable, and the ** that can outperform the performance benchmark is already quite good, don't go brainlessly to choose this year's expected income champion **.

The public offering industry has the expected return of the mean reversion of the statement, this year's expected return is too good, the future performance is likely to return to the average, so we should choose the first stable performance, not too eye-catching, but can remain in the top 1 3 of the same kind, can outperform the **performance benchmark**.

1. Scale. If the scale is too small, there is a risk of liquidation, and if it is too large. It is not easy to adjust positions, and it is difficult to manage. Like some active ** scale around 50 is more appropriate.

2. Type. There are hybrid types and two types of hybrid types that require strong flexibility in positions, and if the market turns to the hybrid type, you can adjust your position from the center. The **type** has a minimum requirement for the position.

3. **Rating. Investors can refer to foreign ratings and domestic ratings, and if they can get a high rating, it means that this is recognized in the industry.

Extended information: 1. According to different criteria, **investment** can be divided into different types:

1) According to whether the unit can be increased or redeemed, it can be divided into open-ended and closed-ended. Open-ended non-listed trading (it depends on the situation), through banks, brokers, and companies to subscribe and redeem, the scale is not fixed; Closed-end has a fixed duration and is generally listed and traded on the trading venue, and investors buy and sell units through the secondary market.

2) According to the different organizational forms, it can be divided into company type ** and contract type **. **Established by issuing **shares** to establish an investment company**, usually referred to as a corporate **; It is established by the manager, the custodian and the investor through a contract, which is usually called a contractual type. China's **investment** are all contractual**.

3) According to the different investment risks and returns, it can be divided into growth, income and balance**.

4) According to the different investment objects, it can be divided into ****, bonds**, money market**, ****, etc.

2. Closed**.

It is a trust, which refers to an investment whose scale has been determined before the issuance, fixed within a specified period of time after the completion of the issuance, and traded on the market.

Because the closed-end ** transaction on the ** exchange adopts the method of bidding, the transaction ** is affected by market supply and demand and does not necessarily reflect the net asset value of **, that is, relative to its net asset value, the closed-end ** transaction ** has a premium and discount phenomenon. The practice of foreign closed-end ** shows that its trading ** often has a fluctuation law of first premium and then discount. Judging from the situation of China's closed-end market, no matter how the fundamental situation changes, the trend of China's closed-end trading has never been able to depart from the fluctuation law of first premium and then discount.

Look at the benchmark, this benchmark you can understand as the ISO system certification of the manufacturing industry, the products certified by the standard system, although not necessarily the best quality, but at least the quality will not be bad. With this benchmark, every time we get a **, we compare it with the benchmark. If it is found to be inferior to the benchmark after comparison, then there is not much need for further research and attention.

If it is found to be better than the benchmark after comparison, further research will be carried out.

Extended Materials. 1.The full name of open-ended (LOF) in English is "ListedOpen-EndedFund" or "Open-Endfunds", and it is called "Listed Open-End" in Chinese, and it is also known as Common ** in foreign countries.

That is, after the end of the listed open-ended ** issuance, investors can not only subscribe for and redeem ** shares at designated outlets, but also buy and sell the ** on the exchange. However, if the investor subscribes for the ** share at the designated outlets and wants to sell it online, he must go through certain transfer custody procedures; Similarly, if you buy ** shares online on the exchange, and you want to redeem them at designated outlets, you must also go through certain transfer custody procedures.

2.It is a kind of issuance amount is variable, the total number of shares (or units) can be increased or decreased at any time, and investors can subscribe or redeem at the business premises designated by the manager according to the amount of the issue. Compared with closed-ended**, open-ended** has the characteristics of no limit on the number of issuances, trading** is subject to net asset value, trading over the counter and relatively small risk, which is especially suitable for small and medium-sized investors to invest.

3.During the 1969-1970 recession and the 1973-1974 crash, many of the early ones suffered heavy losses and went out of business. In the 70s of the 20th century, hedging generally specialized in one strategy, and most managers used the long and short model.

During the recession of the '70s, hedges were unpopular until the late '80s, when several successful ones were reported, and they came back into the spotlight.

The big bull market in the 90s of the century created a group of new rich classes, and hedging ** blossomed everywhere. Traders and investors are paying more attention to hedging** because of its emphasis on a return-sharing model with alignment of interests and an "outperform**" investment approach. Over the next decade, hedging** investment strategies emerged, including credit arbitrage, junk bonds, fixed income**, quantitative investing, multi-strategy investing, and more.

In the first decade of the century, hedging was once again popular around the world, and in 2008, the total assets held by global hedging** reached trillions of dollars. However, the 2008 credit crisis hit hedges** hard, shrinking in value, and with liquidity disruptions in some markets, many hedges** began to restrict investor redemptions.