The concept of fund
Regarding funds, the official explanation is that fund management companies concentrate investors' funds by issuing fund shares, which are managed by fund custodians and managed and used by fund managers, and invest in financial instruments such as stocks and bonds, and then bear investment risks and share profits.
To put it bluntly, for investors, fund investment means that investors give money to professional fund companies to take care of, and fund companies use the money to invest, and investors and institutions share the gains or losses.
Opening of fund account
The first is about the fund account. There are many channels to participate in fund trading, but most investors choose to trade online, through official website, computer software and mobile phone software of different institutions, and through the Internet.
Do I need to open a fund account to participate in fund trading? The answer is, of course, yes. Some investors will say that I didn't open an account when I bought the fund.
In fact, you opened a fund account and registered it when you bought the fund.
Fund companies are direct selling platforms for funds. As long as you open the corresponding fund company account, you can buy funds directly from the fund company.
In addition to fund companies, other companies, such as the most common brokers and Tiantian Funds, are consignment platforms and need to open corresponding accounts.
Fund classification
After you want to buy a fund and know the trading channels, the problem to be solved is what to buy. There are different types of funds.
The most commonly used fund classification is based on different investment directions.
Money Fund: The assets are mainly invested in short-term treasury bonds, bank deposits and other money market tools, such as Yu 'ebao in Alipay and change pass in WeChat, all of which are money fund products. This kind of fund has stable income and strong liquidity, but the income level is not high, so it is generally used for life financial management.
Bond fund: the proportion of funds invested in bonds is not less than 80%, and it is also a product with very good stability and liquidity. Money funds have high returns but high risks.
Equity funds: Funds with no less than 80% of assets invested in stocks are equity funds. This kind of fund has high risks and high returns, so conservative investors should carefully consider it.
Hybrid fund: The proportion of investment assets is between stock funds and bond funds, which is a hybrid fund with high flexibility in asset allocation. It is also the basis of the largest number of funds in the market, and the income space fluctuates greatly, and the managed income may exceed that of equity funds.
Index funds: The investment targets of such funds are various indexes, stock indexes or bond indexes, most of which are stock indexes.
Performance of passive tracking index of constituent stocks of asset purchase index. Stock index funds can also be included in stock funds.
There are many ways to classify funds, which can be gradually understood in the future.
Fund trading rules
Knowing the classification of funds is the trading rules of funds.
Funds are different from stocks. Open-end funds publish their net value once every trading day, so there is only one price per day. Those bought before 3 pm are calculated according to the net value of the day, and the next trading day after 3 pm.
The net value of the fund can be understood as the unit price of the fund.
Generally speaking, fund transactions will go through the process of buying first and then selling during the raising period or the opening period.
Among them, if it is a subscription to buy funds during the raising period, if it is an open period subscription, the redemption of selling funds.
The transaction of ordinary open-end funds is to buy on T day, confirm the share on T+ 1 day, check the profit and loss on T+2 day, and T day is the normal trading day.
Fund redemption is similar. Redeem on t day, and confirm the share on T+ 1 day. The arrival time of funds should be determined according to the purchase platform, generally 2 working days.
I hope the above contents are helpful to you.