How to see whether the performance of the fund is good, how to see the quality of the fund

The most direct way is to look up the net worth on the Chinese website, where there is the latest net worth and the progressive net worth, and there are comparisons in it. If it's just to see**, recommend this**, it's more professional and good. This is a longitudinal comparison, comparing yourself with previous years.

Then, let's look at the horizontal comparison of **, and compare with the same period**; Compared with the same kind of **, of course, you have to pay attention to the **type, whether it is partial stock or other.

If it is used as an investment, it should also look at factors such as the management fee, the distribution policy and the manager's personal history.

But these can be found on the Chinese ** Internet, I think, this ** is very good.

1. See if it is stronger than the same period**;

2. See if it is stronger than the same kind**;

3. See whether the income and dividends are stable;

4. See if the cost is low and affordable.

Hehe, in fact, it's not that simple, if you simply look at the net value growth rate, performance benchmark, historical performance, subscription and redemption rate, then playing is too untechnical.

For example, in the first two years, even if the performance of the stock-biased type is high-performance, it is a loss, even if it is higher than the performance benchmark, it is still a mess (the performance benchmark of the stock-biased type is mostly the Shanghai Composite Index).

Therefore, if you want to see, it is best to take a look at the current market structure, for example, if you are at a low level, you will lay out some stock-biased types, and increase the proportion of bonds and currencies. The key is to adjust the composition of your **portfolio at different times is the right way to invest**.

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.

**Relatively speaking, the risk is lower, but there are many friends who lose money when buying**. These friends either operate like ** and chase up and down, or they are not familiar with the relevant knowledge of **investment. So what should I pay attention to when buying**?

How to choose an excellent **, let's talk to you below.

1.**Historical performance

The primary purpose of everyone buying ** is definitely to make money, so it is very important to understand the historical performance of this **. Although historical performance does not indicate future performance, you have not earned in the past, how can I believe that you will earn in the future?

Looking at the historical performance, you can watch it on third-party platforms such as Alipay and Tiantian**. Alipay is more convenient to see the data, at most you can see the performance trend of the past 3 years, while the daily performance data is relatively more professional, and the performance data is more comprehensive.

In addition to paying attention to the long-term performance trend of other state pants, we also need to pay attention to its maximum drawdown and risk volatility. The lower these two data, the smaller the fluctuation of the net value and the more stable the long-term performance.

2.Look at the manager

What to buy** depends on the manager? Mainly active**. Generally, the **type** and the mixed type **are active**, and the index ** is passive**.

For active **, the ** manager has the power to invest, and his investment style and investment strategy have a great impact on the performance of a **. Therefore, investors should pay attention to the performance of the manager who has managed, how long the manager has been managed, whether this manager has just changed, and so on.

3.Look at the ** cost

Whether you can make money by buying **, we can't say. However, the cost of investment is a little bit that can be saved, and what is saved is earned. **Investment fee allocation includes subscription fee, redemption fee, sales service fee, custody fee, and management fee.

These fees, some need to be paid, some do not, the rate rules and sizes are not the same, you need to shop around when you choose, which one has a lower rate.

The above are the three aspects that need to be paid attention to in investment that I will share with you today, I hope it will be helpful to the people.

1. **Performance is the income compared with previous years or quarters. There is also a performance ranking between different **, not simply looking at the net worth. It is to compare the change in the net value of **, that is, the growth amount and the growth rate. The main thing is the growth rate.

1.Look at the stability of performance.

The stability of the performance can be judged by the ratings obtained by **. In some third-party platforms, you can find quartile ranking indicators, and the same type** is divided into four grades according to performance: excellent, good, average, and poor. It is necessary to ensure that your own long and short performance has always been above "average".

To start from the medium and long-term investment considerations, if you have been "excellent" in the short term and "poor" in the long term, you must not buy it.

2.Look at the cumulative net growth rate.

The cumulative net value growth rate refers to the percentage increase or decrease in net worth over a period of time (including dividends), and it is one of the indicators to evaluate returns. From the perspective of the algorithm, the cumulative net value growth rate of ** = (cumulative net value of shares - par value of the unit) The higher the growth rate, the better the performance of the ** in a certain period of time. At the same time, the cumulative net value growth rate should also be related to the length of operation time, if a ** has just been established, its cumulative net value growth rate is usually lower than the comparable type of ** with a longer operation time.

In this case, she suggested that she could look at the past performance of the ** manager and combine them to make a judgment.

3.Look at the dividend ratio.

**Dividend Ratio = **Cumulative Amount of Dividends Unit Face Value. Because one of the prerequisites of the dividend is that the ** must have a certain profit, if the dividend ratio of a ** is higher, dividends can be realized or even continuous dividends, which can reflect the ideal operation of the ** to a certain extent.

4.Earnings vs. Comparison.

For **type** regular investment, you can compare **income with **trend**. If the performance of a **type** most of the time is better than the **index** in the same period, then the management of this ** is more effective, and the choice of this ** for regular fixed investment, the risk and return will reach a more ideal matching state.

Hello, to effectively measure the performance of the first class, it is necessary to comprehensively consider the investment objectives, risk level, comparison benchmark, period selection and stability of the first portfolio and other factors. Commonly used indicators to measure returns, mainly including net worth growth rate, annualized rate of return, seven-day annualized rate of return, daily net return, risk-adjusted return and other indicators, among which, the seven-day annualized rate of return and daily net return of 10,000 shares are used to measure the return of currency. Sharpe and Stutzer are commonly used to measure risk-adjusted returns.

The Sharpe index refers to the ratio of the part of the portfolio's return that exceeds the risk-free rate and the standard deviation of the portfolio's return in a certain period. The higher the Sharpe index, the better the performance. The Stutzer index is a corrective indicator of the Sharpe index.

The first is the rate of return, to put it bluntly, we buy ** just to have a profit, if the income is not good, then why buy it! Then there is the risk, there is a risk in investment, and the specific indicators have coefficients, standard deviations or something, give you a ** and you can go up and take a look.

The main thing to look at is the performance of the first grade, and the other indicators are to reflect the changes in the first performance.

The quality of the index is not to look at the net worth indicator, the quality can be viewed from the following four aspects:

First of all, the yield should be compared with the trend. If the performance of the index is better than that of the index most of the time, then investors can say that the management of this is effective, and the management company that manages this is excellent in research and investment.

Secondly, the benefits should be compared with those of the same kind. If the performance of the ** outperforms the other ** of the same type for a long time, it indicates that the ** manager has excellent management ability. What needs to be pointed out here is that we can't compare different categories of ** with each other, such as not comparing ** with mixed **, not comparing mixed ** with creditor's rights **, because ** type is different, the ratio of risk and return is also different, in ** allocation and operation methods are not the same, generally speaking, the higher the risk, the more aggressive the operation method, the higher the corresponding return on investment returns.

Thirdly, the rate of return should be compared with the expected rate of return, according to the investment principles of the company and the manager's operating philosophy, to see whether the performance meets the expectations of investors. When the performance is extremely inconsistent with expectations, investors should look back to see if the manager has violated the investment principles and concepts promised in the contract, and unnecessarily increases the investment risk.

Finally, earnings should be compared to historical performance. Only stable performance is real performance, and occasional successes may be just luck, and occasional failures may be only temporary. Investors should comprehensively judge the performance of ** from a longer period of time.

Not by net worth.

First of all, we must eliminate a misunderstanding, that is, to find the best**. This is impossible, the probability is too low, the performance that can be seen is history, and the future is absolutely unknown, and historical performance is an established situation created by a specific team and a specific **, and the future team and ** are changing, so the future situation cannot be directly deduced through historical performance, which is what it means to say that historical performance is for reference only. Therefore, when choosing **, the main task is not to choose the best, but to eliminate the difference.

Just find one from the rest.

Excluding the bad ** through the multi-cycle comparison of historical performance, ** company strength and other factors to investigate.

Net worth is also an element, but it is very minor.

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.