分级基金- yihuanbengfa - yihuanbengfa - 和讯博客
分级基金 [转贴 2010-04-22 11:14:23]   

原文:Rating Fund
Rating Fund Currently on the market seven grade funds, state investment Ruiyin Rui and 300, the League of Nations An Shuangxi the card 100 and silver Huayin Hua Shenzhen 100 are passive funds, and the remaining four funds for the initiative. If the market environment in the case of the same initiative funds products rely mainly on Jijinjingli the selective ability and position Kong Zhi, the passive type products to track the corresponding Zhi Shu, Kan Index Change Er Huodeshouyi. Share in high-risk category of income arrangements, UBS SDIC Fund Rueifu benchmark yield grade distribution of the proceeds after the remaining 90%; Changsheng Fund Celebration classification of high-risk category share gains after the baseline income distribution All income and beyond the income threshold for 90%; while Cathay Pacific edge valuation benchmark yield grade distribution of funds is after all the earnings + 85% of the proceeds exceed the threshold; Industrial Cooperation Fund Run classification enjoy all benefits within the threshold, threshold than the overall share of the enjoyment of the same growth. Of these, Changsheng Celebration and Cathay Pacific edge valuation threshold of 60%, Industrial Cooperation Fund Run classification threshold is 21%. SDIC Ruiyin Rui and 300 of the design is relatively complex, as gains in less than 10%, revenues 80% owned by Sweden and the well-off, more than 10%, the yield of 80%-owned Swiss and vision. When the fund fell below par value, the Swiss and the well-off and the Swiss and the vision of their losses.
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分级基金
分级基金 目前市场上的7只分级基金,国投瑞银瑞和300、国联安双禧中证100和银华银华深证100属于被动型基金,其余4只为主动型基金。如果在市场环境同样的情况下,主动型基金产品主要依靠基金经理的选股能力和仓位控制,而被动型产品是跟踪相应指数,看指数涨跌而获得收益。 在高风险类份额中的收益安排上,国投瑞银瑞福分级基金是基准收益分配后剩余收益的90%;长盛同庆分级基金的高风险类份额收益是基准收益分配后的全部收益和超出阀值收益的90%;而国泰估值优势分级基金是基准收益分配后的全部收益+超出阀值收益的85%;兴业合润分级基金是阀值以内享有全部收益,阀值以外与整体份额享受同等增长。其中,长盛同庆和国泰估值优势的阀值是60%,兴业合润分级基金阀值是21%。 国投瑞银瑞和300的设计相对复杂,当涨幅在10%以内时,收益的80%归瑞和小康,超过10%后,收益的80%归瑞和远见。而当基金跌破面值时,瑞和小康和瑞和远见各自承担损失。

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