How should investors choose fixed income trust products?

Investors can choose fixed-income trust products from the following perspectives.

1) Trust company: First of all, the comprehensive strength of the trust company is examined. At present, there are 62 trust companies in China, and the management level, risk control ability, profitability, and scale of management funds of each company are different.

2) Investment industry: Industries with high industry prosperity are more valuable for investment.

3) Guarantor: It depends on the background of the guarantor, the net assets and composition of the guarantor, the relationship between the guarantor and the financing party, and the responsibilities of the guarantor.

4) Strength of the financier: understand the financial situation, growth prospects, industry and company background of the financier.

6) Product term: Trust products are generally irredeemable between the purchase and the payment of principal and interest by the financing party, so investors should be optimistic about the product term in order to arrange future cash flow. In addition, some products may be terminated or postponed early, and investors are advised to pay attention to whether there are such additional terms before signing the contract.

7) Collateral (pledge) rate: The collateral (pledge) ratio refers to the value of the funds that need to be financed compared to the collateral (pledge). The lower the collateral rate, the smaller the risk of the project and the safer the project. At the same time, it is also necessary to look at the realizability of the collateral.

8) Expected annualized rate of return: All other things being equal, the higher the expected annualized rate of return, the better.

For investors, Haomai**.com has launched a product screening tool in the fixed income channel, which allows you to select products according to product category, investment period and rate of return. It is more helpful for investors to choose investment products in a targeted manner. You can also see more relevant professional reports and investment strategies in the fixed income channel of "Haomai**.com".

Generally speaking, fixed-income trust products are divided into loans, equity investments, equity investments, portfolio investments and a few others.

1. Loan trust: It is completed by issuing loans to financing enterprises.

2. Equity investment trust: invest in the form of equity, and hold part or all of the company's equity through equity transfer and capital increase to the company.

3. Equity investment trust: The trust company obtains specific rights and interests (generally equity or creditor's rights) and related subordinate rights, and the trustee realizes the appreciation of the trust plan property after holding the underlying rights and interests and obtaining repayment in accordance with relevant agreements.

4. Portfolio Investment Trust: A collective capital trust that invests in a single or multiple projects. Investment methods include, but are not limited to, loans, equity investments, equity investments, etc.

Fixed trust is also known as fixed income trust. It can only invest in specific types of bonds and ** trusts, that is, trust investment units composed of a pre-agreed ** portfolio. The ** that makes up this type of trust unit is mostly of one type and remains the same.

It is designed to provide fixed income to unit trust holders.

Peculiarity. 1. Fixed term: generally in 1 3 years, the operation period is clear, which is convenient for arranging the plan for the use of funds;

2. Determination of income: guaranteed principal and interest, annualized income is generally 2 3 times of the fixed deposit interest rate in the same period, and stable allocation is required; 3. High security: through asset mortgage, equity pledge, guarantee company, personal joint and several liability guarantee, etc., to ensure the safety of funds, high security;

5. The threshold is relatively high: generally more than 1 million and less than 3 million (exclusive) natural persons, the quota does not exceed 50;

6. Rapid fundraising: The fundraising speed is fast, and it can generally be completed in one or two weeks;

7. Property independence: The trust property is independent and not affected by the trust company, and can be used to open a special account and use special funds for mortgage depository banks;

8. The registered capital of the trust company is more than 300 million yuan, and the business license is complete;

In recent years, due to the low bank interest rate, trust wealth management has gradually become a hot spot in the market. Investors need to pay attention to the following points when purchasing trust and wealth management products:

First, the profitability of trust products is the most critical. At present, most of the trust products in the market are collective capital trust plans, that is, the specific investment direction of trust funds is determined in advance. Therefore, investors should pay attention to the quality of the trust project when purchasing trust wealth management products, such as the industry in which the trust project is located, whether the cash flow is stable and reliable in the operation process, and whether the project has broad market prospects and sales channels after it is put into production.

All these imply the success rate of the trust project, which is related to whether the investor's principal and income can be obtained on time at maturity.

Second, inspect the guarantee of the trust project. The safety factor of a trust project with a bank guarantee or a follow-up loan promised by the bank will be higher than that of a general trust project, and of course its income will be relatively low. In addition, for secured trust projects, investors should not only look at the size of the guarantor's assets, but also look at factors such as the asset-liability ratio, profit margin, cash flow and sustainable development of the guarantor.

Third, understand your risk tolerance. Under normal circumstances, trust projects that invest in real estate and ** markets are slightly risky, but their returns are also relatively high; Trust projects that invest in infrastructure such as energy and power are relatively stable, with clear cash flow and good security, but relatively low returns. Therefore, for investors who have pension needs or prepare education funds for their children, it is best to buy trust products with low risk and moderate returns.

a REIT products:

Look at the size of the real estate business and the location of the collateral.

When encountering this kind of product, the first thing to look at is the credit status of the borrower and guarantor. "Especially in the context of the increasingly severe real estate regulation and control situation, the risk of real estate developers' capital chain breaking is increasing, and large real estate enterprises, especially listed companies, have stronger refinancing capabilities and capital scheduling capabilities, and stronger anti-risk capabilities. Wei Lei said.

Secondly, look at the mortgage and pledge that the real estate developer can provide. "Generally, the collateral of real estate projects can be divided into projects under construction, land or completed commercial properties, and investors should pay attention to the location of these collaterals. Location is the most critical factor in determining the realizable value of collateral.

For commercial properties, investors can also judge the value of the collateral based on its rental status. Wei Lei introduced.

At the same time, Wei Lei also suggested that some real estate trusts have equity pledges, and for projects with equity pledges, equity pledges of listed companies should be preferred, "because it is difficult to judge the equity value of unlisted enterprises, and there is great uncertainty in realization." ”

b. Equity pledge financing trust products of listed companies:

Look at the value of the pledge.

Equity pledge financing trust products of listed companies are also relatively common projects, and their pledge is **. Wei Lei suggested that investors should consider the following factors when grasping the risks of this type of trust product.

First of all, the fundamentals of the pledge, investors can use the brokerage research report to deeply analyze the industry in which the pledge is located and the development prospects of the listed company itself, and judge the risk of the pledge.

Secondly, we should pay attention to the pledge rate, "the **pledge** of this type of trust product will generally be discounted on the basis of the secondary market**, and the lower the discount rate, the greater the security boundary." ”

Finally, look at the creditworthiness of the financier. Generally speaking, in addition to realizing in the secondary market, the major shareholders of listed companies or their affiliates also have other repayments**, and the project is safer.

c**Investment Trust Products:

Look at whether the product design is structured or unstructured.

Investment products can also be bought in trust companies, "This type of trust product funds are generally invested in the secondary market, compared with public offerings, the investment ratio of Sunshine Private Placement and Single** is more flexible. Investment advisers do not charge or charge very low fixed management fees, but participate in the sharing of excess returns, which converges with the value orientation of investors. The scale of a single sunshine private placement product is generally not large, which is more conducive to the entry and exit of funds, and the operation is more flexible.

Wei Lei introduced. When choosing this type of trust product, investors should pay attention to whether the product design is structured (Shanghai) or unstructured (deep). For structured products, investors generally buy priority and enjoy relatively fixed returns, and a few products can also enjoy a part of excess returns, and their principal and income are guaranteed by inferior trust funds. If there is a loss of trust products as a whole, the first loss is the inferior trust funds.

At the same time, this type of product also has a stop-loss line, which guarantees the priority principal and income from the system.

Focus on the ability of the collateral to liquidate.

Tianzhong Investment **** is an enterprise mainly engaged in building materials and related businesses. The company has a registered capital of 10 million yuan and total assets of 41 million yuan. From Heilongjiang to the whole country, the investment territory has expanded to Guangzhou, Shanghai and other major central cities, with Dongxing Degao new building materials, Xiangyang ecological cemetery project, etc., becoming one of the most powerful building materials development enterprises in China.

Dongxing Degao New Building Materials Co., Ltd. is located in Xiangfang District, Harbin City, Xiangfang Industrial Park, with convenient transportation, covering an area of 22,000 square meters, including an office building, a construction area of 2,000 square meters, two production workshops, a construction area of 1,800 square meters, and an existing staff of 60 people. With an annual production and construction capacity of 1 million square meters, it is the main producer and builder, chain operator and core member of JCAUX brand wallboard.

At the same time, in order to respond to the call of the national funeral reform and meet the continuous demand for cemeteries in Harbin and the surrounding areas, the company lost no time in reporting to the Civil Affairs Bureau of Xiangfang District, Harbin City for approval and has been approved to acquire 300,000 square meters of land to build an ecological cemetery.

The implementation of the ecological cemetery project will not only lay the foundation of the company's diversified business pattern, but also bring nearly 2 billion yuan of income after the completion of the project, which will rapidly promote the process of the company's collectivization.

Looking forward to the future, Tianzhong Investment will grasp the opportunities and challenges of global economic integration and China's accelerated urbanization, move forward in the direction of internationalization and professional rubberization, and achieve the leading brand of "Tianzhong".