Panyu Qiaoqu Development Zone Social Security Center
In recent days, the price of Ethereum has skyrocketed. At present, it has exceeded US $3300,
the 24-hour maximum price once exceeded US $3500, which exceeded people's imagination.
people in the circle said that Ethereum's rise and fall are independent of bitcoin K line, which is very powerful
2, Everbright Prudential quantitative core securities investment fund
3, harvest quantitative alpha equity securities investment fund
4, CNOOC quantitative strategy equity securities investment fund
5, southern strategy optimization fund
many quantitative models can't be found in the A-share market at all. Maybe our market is a bit confusing for computers
at present, among the top three-year returns of fixed investment, there are basically no quantitative fund procts. Some doubt the computer
talk about several quantitative procts, such as harvest quantitative alpha, Chinese quantitative market, Changsheng quantitative dividend strategy, Everbright Prudential quantitative core, CNOOC quantitative strategy and southern strategy optimization
I remember that there was a flash in the pan in the early years of the previous year, and no one mentioned it later
fixed investment is not recommended or recommended.
Quantitative fund is to choose those securities whose future returns may exceed the benchmark to invest through mathematical statistical analysis, in order to obtain the returns beyond the index fund. It mainly uses quantitative investment strategy to manage the portfolio
the strategies of quantitative fund include: quantitative stock selection, quantitative timing, stock index futures arbitrage, commodity futures arbitrage, statistical arbitrage, option arbitrage, algorithmic trading, asset allocation, etc
At present, the books that mainly introce quantitative investment strategies include:(1) "quantitative investment strategy and technology" (Ding Peng / Electronic Instry Press / January 2012). The book introces the details, formulas and implementation methods of various quantitative strategies with more than 60 cases
(2) high frequency trading, written by Aldrich, translated by Tan Xiaojun, et al / may 2011 / China Machine Press, in which the principle, system and implementation method of high frequency trading are described, This paper mainly introces how to build a positive portfolio to overcome the market
(1) stock selection relies on data indicators to conct a detailed survey of the stock, and set expected indicators to test its potential(2) through the specific economic model of economic recovery instry evaluation and instry weight allocation, the fund manager's investment philosophy and analysis are combined
(3) this kind of 360 degree market wide scanning of quantitative funds can avoid the limitations of fund managers' choices caused by personal bias and lack of energy
(4) grasp subtle structural investment opportunities through refined investment operationCompany Valuation is an important method of company fundamentals analysis. Under the logic of "value investment", we can judge the degree of distortion of the stock price in the secondary market through the company valuation, and then find out the stocks whose value is undervalued or overvalued, as a reference for investment decisions
compilation principle
index fund is a kind of fund that constructs portfolio for securities investment according to the compilation principle of securities price index. Theoretically speaking, the operation method of index fund is simple, as long as we buy the corresponding proportion of securities according to the proportion of each kind of securities in the index and hold them for a long time. Index funds invest in stocks according to the distribution of relevant stock market indexes, so as to make their return rate close to that of market indexes. Index fund is a kind of fund variety which is based on the principle of fitting the target index and tracking the change of the target index to realize the synchronous growth with the market. The investment strategy of index fund is to fit the return rate of the target index, diversify the investment in the component stocks of the target index, and strive to make the return rate of the stock portfolio fit the average return rate of the capital market represented by the target index. In operation, it is more effective than other open-end funds in avoiding non systematic risks, low transaction costs, delayed tax payment, less monitoring investment and easy operation. In the long run, index investment performance is even better than other funds
principle of establishment
index fund is a kind of fund variety which aims to match the target index and track the change of the target index to realize the synchronous growth with the market. The investment strategy of index fund is to fit the return rate of the target index, diversify the investment in the component stocks of the target index, and strive to make the return rate of the stock portfolio fit the average return rate of the capital market represented by the target index. Index fund is an indispensable kind of fund in the mature securities market. In western developed countries, like other index procts such as stock index futures, index options, index warrants, index deposits and index bills, it is increasingly favored by various institutions including exchanges, securities companies, trust companies, insurance companies and pension funds
index performance
index fund is a kind of fund that guarantees the similar performance of securities portfolio and market index. In operation, it is the same as other mutual funds. The difference between index fund and other funds is that it tracks the performance of stock and bond markets and follows stable strategies. Its advantages in the securities market include not only effective avoidance of non systematic risks, low transaction costs and delayed tax payment, but also the characteristics of less monitoring investment and easy operation. Therefore, in the long run, its investment performance is better than other funds
operation method
index fund is a kind of fund that constructs investment portfolio according to the principle of compiling securities price index for securities investment. Theoretically speaking, the operation method of index fund is simple, as long as we buy the corresponding proportion of securities according to the proportion of each kind of securities in the index and hold them for a long time
related summary
for a pure passively managed index fund, the fund turnover and transaction costs are relatively low. Management fees also tend to be minimal. This kind of fund will not invest too much money in certain securities or instries. It will generally maintain full investment without market speculation. Of course, not all index funds are strictly in line with these characteristics. Different funds with index nature will adopt different investment strategies<
2. Fund Classification
by replication mode
* fully replicating Index Fund: strive to allocate according to the composition and weight of the benchmark index to minimize tracking error
* Enhanced Index Fund: on the basis of allocating most of the assets according to the weight of the benchmark index, some assets are also used for active investment. Its goal is to closely track the benchmark index and obtain higher returns than the benchmark index
according to the trading mechanism,
* closed end index funds: they can be traded in the secondary market, but cannot be purchased or redeemed
* open end index fund: it can not be traded in the secondary market, but can be purchased and redeemed from the fund company
* Index ETF: it can be traded in the secondary market, and it can also be purchased and redeemed, but the purchase and redemption must be in the form of portfolio securities
* index lof: it can be traded, purchased and redeemed in the secondary market< (3) Zhanheng's trading fund daily pointed out: the market fell in shock on Tuesday, and the Shanghai and Shenzhen index fell by less than 0.5% at the end of the day, and there was no amount to follow. The small and medium-sized board and growth enterprise market decreased more than 2%. After the decline on Monday, the market sentiment on Tuesday was very low, and the closed bond base fell on Tuesday. In terms of discount and premium rates, most of them fell, and the trading volume shrank. But still maintain the previous judgment, that is, the index downward space is not large
in terms of instries, according to the Shenyi instry index, all 23 instries fell on Tuesday, with the top five falling by more than 1% in catering and tourism, electronic components, chemical instry, medicine and biology, and information equipment.