On November 8th, Xingxing Global Fund issued an announcement, saying that its certificate of Xing CertificateFund (FOF-LOF) in the Global Fund (FOF-LOF) will end the closed period and change the performance benchmark.
The change after the change has added the MSCI World Index yield and the Shanghai Gold Exchange AU99.99 spot real -set contract closing price yield rate.The author sorted out and found that the fund will become the first public funds of the global stock market and gold in Chinas domestic market, which means that the fund will actively participate in global asset allocation in the future operation.
Lin Guohuai, director of the FOF Investment and Financial Engineering Department of the Global Fund FOF, said in an interview: "Diverse asset allocation can disperse the source of the funds return, improve the stability of the funds yield, reduce fluctuations, reduce fluctuationsRate, thereby improving the sense of holding of fund investors.> The performance benchmark has the role of "anchor" in fund investment.For fund managers, if you set a performance benchmark that meets its investment style, and evaluate the excess amplitude and stability of the relative performance of the performance, and the information ratio of information, the investment goal of the fund manager will become simpler and more pure.Just keep an eye on the performance benchmark and strive to create excess returns on the basis of the benchmark.
and standing from the perspective of the fund holder, holding a fund that pays attention to the benchmark and "unchanged taste" can also be more assured.The fund that pays attention to the performance benchmark should be clear style. The holder does not have to worry about the "blind box fund" in his hand -such as a fund that originally chose a growth style. As a resultPeople cant understand it in time.
Xingji Global FOF team has always attached importance to the performance benchmark. "Our goal is to striveTherefore, in terms of operation, we cannot deviate from the benchmark too much. "Lin Guohuai said.
In order to better portray the risk income characteristics of FOF funds, the team first introduced the CSI partial stock fund index (930950.CSI) to the FOF fund for the first time in 2019.Based on the characteristics of the risk income of the FOF funds equity part -since then, more and more FOF funds have adopted the index as one of the indicators of the performance benchmark.
Xingzi Global Actively Configure the three-year closed operation mix (FOF-LOF) was established on November 12, 2021.Rate ratio × 85 %+comprehensive (full -price) index yield yield × 15 % ".
Back to the performance of the product during the closed period. As of September 30, 2024, the fund has returned -12.64%since its establishment, and the reward of the performance benchmark at the same period was -24.33%, surpassing beyondThe performance comparison benchmark is nearly 12 percentage points; the data of Galaxy Securities shows that the fund has ranked 2/51 in the past two years.
Actively participate in multi -asset allocation
Within the fundable scope agreed on the fund contract, actively tap various new asset categories on the market, analyze the performance correlation between the performance of the new asset category and the original combination and the difference of the source of revenue, and strive to achieve a smooth combination volatility, optimization optimizationCombining the effect of Beta.
This benchmark adjustment provides a larger space for the fund to actively participate in global asset allocation.Continue to compare the cost -effective investment of various asset classes and investment targets, and make moderate tactical adjustments.
In fact, under the premise of the tracking error of control and performance comparison benchmark, the fund has been exploring the investment method of multi -assets since its establishment -at the end of the first quarter of 2022, the standardPu 500ETF appeared in the fund holding of the funds regular reporting of the fund; at the end of 2022, the gold ETF had appeared in the position of the fund.
Due to the low correlation between large categories of assets, by adding different large categories of assets, it can reduce the combination fluctuations and improve the "risk-yield ratio" of the combination.
After the performance benchmark is adjusted, the fund will use the MSCI World Index yield to portray the position of the combination of the overseas equity market.This index is mainly used to measure the performance of stocks in mature markets worldwide. It is one of the most widely used indexes of global investment portfolio managers as one of the most widely used investment benchmarks.
From the experience of developed countries, global asset allocation is already a strategic investment method generally adopted by long -term funds such as pensions in various countries.At present, domestic investment tools covering mature markets such as the United States, Germany, France, and Japan can help domestic investors to achieve global asset allocation.
Shanghai Gold Exchange AU99.99 spot real contract is a spot contract on the Shanghai Gold Exchange, which represents gold assets.Assets, the performance comparative reference as the asset part of the funds commodity category in the adjusted benchmark.
The author sorted out and found that the global active configuration FOF after changing the benchmark will become the first public fund product of the global stock market and gold in Chinas market.
At the same time, the fund is converted into "FOF-LOF" after the expiration of the funds closed period expires, becoming the first of the first of the Xingzi Global FundThe FOF fund without the shortest holding/closed period provides the holder with a more flexible configuration option.
Risk reminder: Xingjie Global Fund promises to manage and use fund property with the principles of honesty, trustworthiness, and diligence, but it does not guarantee that the fund is profitable and the minimum return is not guaranteed. Investors shall shouldRead the legal documents of fund contracts, recruitment instructions, etc., understand the funds risk income characteristics, and judge whether the fund is compatible with investors risk tolerance based on its own investment purpose, investment period, investment experience, and asset status.Funds investment value, self -made investment decisions, and undertake investment risks by themselves.my countrys funds have a short operation time and cannot reflect all stages of the development of the stock market.The performance of other funds managed by the fund manager or the performance of other funds managed by the fund manager does not constitute a guarantee for the performance of the fund.Fund investment must be cautious, please choose cautiously.Data description: Xingjis global active configuration of FOFA for three years has been actively configured for three years. As of September 30, 2024, the return has been -12.64%since its establishment.2022 (-13.63%/-18.58%), 2023 (-7.92%/-12.21%);The reward of performance benchmarks is -24.33%, and its annual performance and comparative benchmark since its establishment: 2022 (-13.88%/-18.58%), 2023 (-8.21%/-12.21%), the Funds performance comparative benchmark: CSI is partial partialThe yield rate of the stock fund index × 85 %+the yield of the comprehensive (full -price) index of China Bonds × 15 %.(CIS)
