封闭式基金

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公募基金总规模首次突破36万亿
Yang Zi Wan Bao Wang· 2025-09-26 12:05
具体来看,封闭式基金规模与份额双双下降,开放式基金则成为推动公募基金总规模增长的主要力量。截至2025年8月底,开放式基金资产净值合计为 32.53万亿元,封闭式基金资产净值合计为3.72万亿元。其中,开放式基金在规模、份额和数量上均实现增长,较7月底分别增加1.20万亿元、1834.11亿份 和117只;封闭式基金的三项指标则均较7月底有所回落。 开放式基金涵盖股票基金、混合基金、债券基金、货币基金和QDII(合格境内机构投资者)基金五大类。截至2025年8月底,上述基金规模分别为5.55万 亿元、4.16万亿元、7.21万亿元、14.81万亿元和0.80万亿元。 从变动情况来看,除债券基金规模有所下降外,股票基金、混合基金、货币基金和QDII基金规模均较7月底实现不同幅度增长。 图源 中基协官网 据悉,这是公募基金总规模首次突破36万亿,也是自2024年以来第11次创下历史新高。 9月25日,中国证券投资基金业协会(简称中基协)发布的最新数据显示,截至2025年8月底,公募基金总规模为36.25万亿元,突破36万亿元,再创新 高。分类型来看,今年8月股票基金规模增长超6200亿元,混合基金规模增长超330 ...
If AGD Can Rise To A +13.6% Premium, What Should AOD Trade At?
Seeking Alpha· 2025-09-22 15:56
Thank you for reading my article. My goal is to give you observations and actionable ideas in Closed-End funds while educating you on how these unique and opportunistic funds work.CEFs can be one of the most exhilarating and yet most frustrating security classes to invest in, and it's important that you have someone who can be a level head during up and down periods of the market. I hope to be that voice of calm when necessary. ~ Douglas Albo If you'd like to learn more about my services, please go to t ...
基金赎回全攻略:记住3个到账时间、避开4个费用坑、掌握4个技巧
Sou Hu Cai Jing· 2025-09-15 01:02
Core Viewpoint - The article discusses the complexities of mutual fund redemption, emphasizing the importance of understanding the rules and timing involved to balance cash flow and profit protection. Group 1: Redemption Timing - The redemption time for mutual funds varies based on fund type, trading rules, and clearing processes [2] - Money market funds can achieve "instant redemption" with T+0 to T+1 timing [2] - Stock funds have a waiting period of T+1 to T+3 due to net asset value calculations and clearing processes [4] - Bond funds fall in between, with T+0 to T+2 redemption times [6] Group 2: Factors Affecting Redemption Timing - Redemption requests submitted before 15:00 on trading days typically result in next-day fund availability, while those submitted after are delayed by one day [12] - Legal holidays can extend redemption times to the next trading day [10] - Different sales channels can impact the speed of fund availability, with some platforms offering faster processing [11] Group 3: Strategies for Redemption - Investors are advised to submit redemption requests before 14:30 on trading days to avoid delays [8] - In cases of large redemptions exceeding 10% of fund size, companies may implement "delayed payment" clauses to protect remaining investors [14] - Emotional redemption during market volatility can lead to missed opportunities; a strategy of phased redemption can mitigate risks [16][18] Group 4: Cost Management - Redemption fees decrease based on the holding period, with significant savings for long-term holders [19] - Investors should be aware of "lock-up periods" and minimum holding requirements to avoid forced liquidation [20][22] - Understanding the fee structure and redemption rules can lead to more strategic investment decisions [23]
基金分类和区别是什么?
Sou Hu Cai Jing· 2025-08-17 06:59
Core Viewpoint - Understanding the classification of funds and the differences between various types of funds is crucial for investors in the financial investment field [1] Group 1: Fund Classification by Investment Object - Funds are primarily categorized into equity funds, bond funds, money market funds, and mixed funds. Equity funds invest mainly in the stock market, carrying higher risk and potential returns due to market volatility [2] - Bond funds invest in the bond market, including government bonds, financial bonds, and corporate bonds, offering relatively stable returns and lower risk, making them a more conservative investment choice [2] - Money market funds focus on low-risk money market instruments, characterized by high safety, liquidity, and stable returns, often viewed as cash equivalents [2] - Mixed funds invest in a combination of stocks, bonds, and other assets, allowing flexible asset allocation, which results in varying risk-return profiles [2] Group 2: Fund Operation Methods - Funds can be classified into open-end funds and closed-end funds based on their operation methods. Open-end funds allow investors to buy and redeem shares at any time, with the fund size fluctuating based on investor demand [3] - Closed-end funds have a fixed number of shares at inception, and investors cannot buy or redeem shares during the closed period; shares can only be traded on the stock market, potentially leading to price premiums or discounts [3] Group 3: Fund Trading Channels - Funds are also categorized into on-exchange funds and off-exchange funds. On-exchange funds are traded on stock exchanges, requiring a securities account for transactions, similar to stocks [3] - Off-exchange funds are not traded on stock exchanges and are purchased or redeemed through banks, fund company websites, or third-party platforms, with prices based on the fund's net asset value at the end of the trading day [3] Group 4: Fund Fees - Different types of funds have varying management fees, custody fees, and transaction fees. Actively managed funds typically have higher management fees due to the complexity of investment decisions [4] - Passive index funds usually have lower management fees as they primarily track indices without extensive active management [4] - Transaction fees include subscription fees and redemption fees, with some funds offering tiered redemption fee rates to encourage long-term holding [4]
截至6月底我国境内公募基金管理规模达34.39万亿元
Xin Hua Wang· 2025-08-12 06:22
截至6月底,我国境内公募基金管理机构共164家,其中基金管理公司149家,取得公募资格的资产管理机构15家。(记者刘羽佳) 中国基金业协会最新发布的数据显示,截至2025年6月底,我国境内公募基金资产净值合计34.39万亿元。 【纠错】 【责任编辑:赵阳】 | 英别 | 基金数量(只) | 份额(亿份) | 净值(亿元) | 基金数量(只) | 份额(亿份) | 净值(亿元) | | --- | --- | --- | --- | --- | --- | --- | | | (2025/6/30) | (2025/6/30) | (2025/6/30) | (2025/5/31) | (2025/5/31) | (2025/5/31) | | 封闭式基金 | 1,332 | 34,466.96 | 37.710.20 | 1,336 | 34.393.79 | 37,585.62 | | 开放式基金 | 11,573 | 274,428.59 | 306,215.74 | 11,436 | 272, 498. 39 | 299,821.03 | | 其中:股票基金 | 3.002 | 34,489.76 | ...
我在投资上犯过的错
雪球· 2025-08-03 05:33
Core Viewpoint - The article reflects on the author's investment experiences over the years, highlighting key mistakes and lessons learned from various market conditions and personal decisions [2][5][9][11]. Group 1: Investment Mistakes and Lessons - The first significant mistake occurred in 1992 when the author missed the opportunity to invest in stock subscription certificates, which skyrocketed in value, illustrating the importance of timely decision-making [3][4]. - The second mistake happened in 2008 during the financial crisis, where the author believed in a market rebound due to the Beijing Olympics, leading to significant losses after initially avoiding the downturn [6][8]. - The third mistake in 2012 involved relying on a perceived market pattern, which resulted in losses when an unexpected market downturn occurred, emphasizing the unpredictability of markets [10][11]. Group 2: Market Conditions and Reactions - The 2008 financial crisis was marked by a significant drop in stock values, with the author managing to limit losses through strategic shifts to bonds, showcasing the importance of asset allocation during downturns [6][7][8]. - The 2012 market conditions were characterized by a false sense of security based on historical data, which led to a quick reversal of gains when the market unexpectedly declined [10][11]. Group 3: Investment Strategies - The article discusses the strategy of investing in closed-end funds and bonds during market downturns, highlighting the benefits of diversifying investments to mitigate risks [6][7]. - The author also reflects on the importance of independent thinking and not succumbing to social pressures or market sentiment, which can lead to poor investment decisions [9].
第一桶金的来源与积累之难
集思录· 2025-06-29 14:22
Core Viewpoint - The article discusses the challenges of accumulating the initial capital necessary to achieve a target annual return of 4%, as proposed by the FIRE (Financial Independence, Retire Early) movement, emphasizing that the hardest part is often saving enough principal rather than achieving the return itself [1]. Group 1: Accumulation of Initial Capital - Many individuals accumulate their initial capital through hard work and savings, often leading to a long and challenging process [2][6]. - Some individuals rely on family support, successful entrepreneurship, or other less conventional means to gather their initial funds [1][4]. - The importance of frugality and delayed gratification is highlighted, with many individuals sharing their experiences of living modestly to save money [5][8]. Group 2: Investment Strategies and Experiences - Individuals often start investing in various financial instruments, such as funds and real estate, after accumulating enough capital [9][11]. - The article mentions the significance of maintaining a balance between preserving capital and pursuing returns, with a focus on stable investment practices [12][14]. - There is a discussion on the changing economic landscape, where traditional high-paying jobs may no longer suffice for capital accumulation, leading to a need for alternative investment strategies [7][10]. Group 3: Personal Experiences and Observations - Many contributors share personal anecdotes about their financial journeys, illustrating the diverse paths to capital accumulation, including sacrifices and strategic investments [3][9]. - The narrative reflects a broader concern about the financial habits of younger generations, who may struggle with spending and saving compared to previous generations [3][4]. - The article concludes with a sentiment that financial freedom is ultimately about having the ability to make choices rather than merely accumulating wealth [11][14].
重磅数据,创新高!
天天基金网· 2025-05-28 05:44
Core Viewpoint - The public fund market in China reached a record high of 33.12 trillion yuan by the end of April 2025, with a significant increase of approximately 900 billion yuan in that month alone, driven by various types of funds [1][3][5]. Fund Market Overview - As of April 2025, there are 163 public fund management institutions in China, including 148 fund management companies and 15 asset management institutions with public qualifications [3]. - The total net asset value of public funds reached 33.12 trillion yuan, with a month-on-month increase of 2.79% [3]. - The total number of public fund shares increased by 841.37 billion shares, reaching 30.22 trillion shares, also reflecting a month-on-month growth of 2.86% [3]. Fund Type Contributions - The growth in public fund scale in April was primarily attributed to the contributions from money market funds, bond funds, and stock funds [7]. - Money market funds saw a significant increase of 664.84 billion yuan, bringing their total scale to 13.99 trillion yuan [8]. - Bond funds experienced a net subscription of 716.83 million shares, with a monthly increase of 1.40 trillion yuan, totaling 6.56 trillion yuan [8]. - Stock funds also gained popularity, with a net subscription of 1.09 trillion shares, increasing their total scale to 4.58 trillion yuan [9]. Detailed Fund Performance - The detailed performance of various fund types in April 2025 is as follows: - Closed-end funds decreased by 255.83 million yuan, totaling 3.76 trillion yuan [9]. - Open-end funds increased by 9.24 trillion yuan, reaching 29.35 trillion yuan [9]. - Stock funds increased by 1.12 trillion yuan, totaling 4.58 trillion yuan [9]. - Mixed funds saw a slight decrease of 12.73 million yuan, totaling 3.58 trillion yuan [10]. - QDII funds increased by 82.94 million yuan, reaching 644.02 billion yuan [10].
公募基金规模 首破33万亿元
Zhong Guo Zheng Quan Bao· 2025-05-27 20:31
Core Insights - The total net asset value of public funds in China reached a record high of 33.12 trillion yuan as of April 2025, marking the first time it has surpassed 33 trillion yuan [1][2] - In just one month, from March to April 2025, the public fund scale increased by approximately 8985.04 billion yuan, with significant contributions from money market funds and fixed-income funds [2][3] Fund Structure and Growth - The growth in public fund scale was primarily driven by fixed-income funds, which collectively increased by over 8000 billion yuan compared to the end of March 2025 [3] - As of April 2025, the breakdown of fund growth included stock funds increasing by 1120.44 billion yuan, bond funds by 1401.82 billion yuan, and money market funds by 6648.39 billion yuan [2][3] - The number of public fund management institutions in China stands at 163, comprising 148 fund management companies and 15 asset management institutions with public qualifications [2] Market Trends and Future Outlook - The overall trend for public fund scale is upward, although the internal structure may fluctuate based on market performance [4] - Current market conditions are characterized by a phase of adjustment, yet there are numerous structural investment opportunities, particularly in AI-related sectors and companies with competitive advantages in high-quality economic development [5] - The sentiment in the A-share market has improved since the fourth quarter of the previous year, indicating a potential for continued growth in public fund scale as new capital enters the market [5]
公募基金最新规模达33.12万亿元,创历史新高
Zhong Guo Ji Jin Bao· 2025-05-27 15:14
Core Insights - The total scale of public funds in China reached a historic high of 33.12 trillion yuan by the end of April 2025, with an increase of approximately 900 billion yuan in that month alone [1][4][6] Fund Scale Growth - In April, the public fund scale increased by about 900 billion yuan, marking a month-on-month growth rate of 2.79% [4] - The total number of public fund shares rose by 841.37 billion shares, reaching 30.22 trillion shares, with a month-on-month growth rate of 2.86% [4] Fund Type Contributions - The growth in public fund scale was primarily driven by various types of funds, including money market funds, bond funds, and equity funds [8] - Money market funds saw a significant increase of 664.84 billion yuan in April, bringing their total scale to 13.99 trillion yuan [8][9] - Bond funds experienced a net subscription of 716.83 million shares, with a monthly increase of 140.18 billion yuan, totaling 6.56 trillion yuan [8][9] - Equity funds also gained popularity, with a net subscription of 109.39 billion shares, increasing their total scale to 4.58 trillion yuan [10][11] Fund Management Institutions - As of the end of April 2025, there were 163 public fund management institutions in China, including 148 fund management companies and 15 asset management institutions with public qualifications [3]