Active funds of three major issues raised fof configuration easier said than done-dxperience

Active funds of three major issues raised FOF configuration easier said than done, Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! The public offering of FOF investment blue chip fund three major problems encountered due to lack of tools, consciousness of active fund investment style drift, the frequent changes in fund managers, blue chip fund scarcity, style homogenization and other issues, so the public offering of FOF in active fund "configuration easier said than done". The Securities Times reporter Li Shuchao as a public offering of FOF (fund of funds) the underlying asset allocation, while passive funds can bring profit style clear and clear market average earnings, but relatively passive fund, long-term performance of some active funds is more outstanding, it has also become an important source of public offering FOF obtain excess returns. However, due to lack of tools, consciousness of facing the active fund investment style drift, frequent changes in fund managers, blue chip fund scarcity, style homogenization and other issues, but also to the public offering of FOF in the specific configuration of active funds is not easy to do "". Take the initiative to fund the lack of tools consciousness raised FOF in the investment management is divided into two layers: a layer of FOF is raised to fund as an investment target is to fund a layer of stocks and bonds and other end products as an investment object. Beijing, a fund research believes that to do asset allocation has two important premise: one is the object of the public offering of FOF and fund allocation is stable, the two is two layered FOF and raised fund portfolio is clear. The person said, "custom risk is the core objective of the public offering of FOF management, and asset allocation, fund through a layer of management, risk return characteristics are likely to be relatively stable, and hierarchical do relatively clear, making it possible to customize the risk, on the basis of asset allocation system, methods and tools can the asset allocation system, successful operation." However, in the eyes of the people, the lack of active funds as a tool for product awareness is an important flaw in the underlying assets of the public offering of FOF configuration. The analysts, in our country’s financial environment, the public fund product producers shouldering the dual responsibilities — is the product of the producers, and bear the financial behavior, lack of financial market intermediate forced end products to consider the financial side issues. Therefore, our active funds is not as a purely instrumental products exist, more is to consider the feelings of the end customer, which may be an important reason for the characteristics of active product tools are not prominent. The person suggested that active products raised in the tool level is more prominent, in front of some single factor product strategy or style strategy stable fund, so, building style and strategy model in the level of asset allocation in order to clear. Active fund style drift phenomenon of the active fund investment style drift is another issue of concern to the industry. Shanghai raised a FOF agency sources said, raised FOF in the choice of the level of active funds more difficult, because there is a drift of style theory相关的主题文章: