long-Sheng long letter p

Thai net worth fell through 50 million small and medium-sized disk, or to wind up the face crisis To date, funds net assets fall through a $ 50 million of winding up the bottom line, many for QDII Fund. Dropped below $ 50 million "cordon" Fund, selection of Thai letters for new funds and Small-Cap Fund is one of the only equity funds. Last November, winding up of first QDII Hua international-only configuration, is considered by industry public fundTruly wound up for the first time in its history. Established just over seven months, Thailand and small-cap select Fund, will follow suit? Thailand: selected non-compulsory winding up provisions of Thai letters and Small-Cap Fund was established on October 26, 2011, first raise 2. $ 6.2 billion to fund share amounted to 2.6.2 billion. 2011 four seasons shows that featured Thai letters and small-cap FoundationGold reported total purchase of fund shares 11.70,000 copies, total redemption of 112 million shares, share funds totalling 150 million at end. The Fund's quarterly shows this year, total purchase, the share of 2.76 million Fund in the period of the report, total share redemption 1.600 million, end of 47.06 million the total fund shares, end of $ 48.34 million net assets of the Fund. This means that, Spent in Thai letters and small-cap selected Fund after a period of more than three months, there have been 218 million redemption, redemption rates of up to 82.3%. Trade on this analysis says that more than 200 million of the funds come in and go out immediately after, probably Thai letters and small-cap selected fund raised through the "help fund" to "flush", after the smooth establishment of the Fund, whichRapid withdrawal of funds selected for the first time. Beijing revealed to reporters a fund company's Marketing Manager, when in a bad market, non-like selection of Thai letters and small-cap from the "door" of the new funds more difficult, with the "help fund" to bridge the phenomenon is more prevalent. It is understood that help fund features: in the end of the issue, in particular the issue of the new Fund is notGood appears in the new Fund, is designed to help the Fund to set up, or enable the Fund size to increase and companies ' marketing departments, and the Manager of the Fund has reported a good performance, closed end of the period of redemption. Analysts said, by helping to release Fund of funds, which may harm the interests of the fund investors, but also detrimental to publicFund's long-term development. Help fund after the retreat, Thai letters and small-cap selected Fund prompt into the edges of the wards of---5000 million in assets. According to the w IND statistics, to fund a quarterly disclosure of the latest share, Thai and small-cap selected Fund since March 31 of this year within 18 working days has been in "Cordon "under. Later, as the net value of the Fund units increased, the Fund once back above $ 50 million. However, there are even from the most recent below 50 million more than 10 days time. In accordance with the provisions of the measures for the administration of securities investment funds, open-end Fund of funds after the entry into force of the contract, the Fund share holders number less than 200 people or baseGold net assets of less than $ 50 million, the Fund Manager shall promptly report the China Securities Regulatory Commission; 20 consecutive working days prior to the case, cause fund managers should indicate to the China Securities Regulatory Commission and submission solution. In an interview with journalists writing when Fund's Research Director, Thai Thai letters and small-cap select Fund Manager Liu Jing's explanation is: "the securitiesReserve funds operation management rules do not require, the assets of the Fund will went into liquidation less than 50 million, there is no question of ' winding up the bottom line '. "" At present, there is no compulsory liquidation. "De Santa Fund Research Center Chief Analyst Jiang Saichun said, mainly worried about winding up of the Fund's impact on brand. Because the regulatory level is notClear exit requirements, "exit mechanism" actually exists in name only, this has led to many companies in the small scale of operation of the Fund case still insist on the efficiency of Fund is not too great, resulted in losses to investors and companies. "Cut meat" bonus liquidation of suspected help themselves since the end of March this year has struck since alarm bells, Thai letters and small-cap selected Fund Unit net worth rose, had at one point in early May to take offFrom the crisis area. Alert lifted, the bonus scheme was launched to fund a trillion. According to the Fund announced on May 10, bulletins, distributing cash dividends of $ 0.15 each 10 shares of the Fund. To fund a quarterly disclosure of the latest share, the dividend amount only to more than 700,000 dollars. Accompanied by the end of the dividend, the net asset value of the Fund again fell back to "alertLine "below. According to the official line Yasunobu Fund, selection of Thai letters and small-cap funds to achieve a higher proportion of cash dividends, mainly due to its good performance in the near future: as of May 7, the Thai letters and small-cap selected Fund accumulated income rate of 8.14% over the past 3 months; in the last 6 months of accumulated earnings rate of 7.39%, while the unit base tiredPeriod yield fell 4.61%. Liu Jing said this, enjoying the Fund dividend is the rights of the holder of the Fund, the company always adhere to the principle of the supremacy of human interests, and asset size will not be close to what is called wards instead of dividends. Investors questioned said, facing life and death choices in Fund, investor the biggest responsibility is to live healthy,Keep development, rather than in the death-warrant of choice cut of meat when cut down to playing with investor money moved to the right of the left pocket Pocket trick. Bonus real motivation, more bonus stunt to attract borrowed to purchase, thus suspicion from the winding up of crisis. Fund Manager "one two" Tai Liu Jing and small-cap selected Fund of funds Manager, master of business administration, Research Director of the company, permitTickets 15 years in the industry. In 2005 to join the Thai fund management, Ltd, any trader, senior fellow at the Research Department, Yasunobu policy Assistant Fund Manager of the Fund. April 22, 2009-Thai blue-chip select equity fund manager of the Fund. Reporters found, Liu Jing who is a Research Director in the company plays a "generalist" role, the management ofFunds are also "one two": selected Fund and Thai of Thai blue chips and small-cap selected Fund. Both Fund top holdings Phoenix Crystal source media diablo iii power level, electronic and chemical industry of Liaoning province, and other stock. According to a quarterly selection of Thai letters and small-cap display, according to the fair value of net assets of the Fund at the end of the report before the size sorting four stocks are for the Phoenix media, Office Electronics, chemical industry of Liaoning province,And qinchuan development accounted for 9 of the net asset value of the Fund., 65%., 84% and 3.63%. According to the Thai letters selected blue chip fund a quarterly show, reports the final proportion according to the fair value of net assets of the Fund in ten stocks before the size sorting, Phoenix Media cartridge of 9.21% proportion in the first place, Office Electronics to 5% second, Chemical industry of Liaoning province, 4.06% was fifth. According to the provisions of the measures for the administration of securities investment fund, a fund holding shares in a listed company, its market value shall not be more than 10% of the net asset value of the Fund. An industry veteran who in an interview with reporters, said Thai fund the company product line on each of the two only to "blue" and "small plate" namesAnd positioning of the Fund, up to 9% boundaries of proportion heavy cartridge of the same stock, some people's concerns: there are not only two Fund highly homogenous issue, more with his disciples between the Fund for the Horn, "hold sedan chair" of suspects. Liu Jing explanation for this is that as of 2012, a quarterly bulletin, Thai Phoenix media in selected blue-chip funds are holding 820Unit, Office e-2.03 million units. Thai Phoenix media and small-cap funds are holding 570,000 units, Office e-185 diablo 3 power leveling,000 units. Electronics and ceramics the Phoenix media market average daily trading volume of more than 41 million and 1 million units. Liu Jing said, comparing sizes can be seen, the two funds are buying these two stocks, minimal impact on the price. Reporter-productionVisit most of the market participants ' view this differently. They believe that this high concentration of single stock can't be minimal impact on prices. In particular, Office Electronics, both held by the Fund on its quantity is more than twice times the daily average of the market, how to stock price "minimal impact"? Background links May Q d II Fund is no more than a positive return is only imminent liquidationLine "red May" Q d II (qualified domestic institutional investors) Fund of "nightmare". Buy funds according to the May Q d II Fund all fall, an average decrease of 6.99%. In the face of declining net worth and net redemption under the double blow, there are only Q d II wound up near the line of walk in $ 50 million of the Fund, with the exception of fidelityCommodities, Invesco great China, Teda global, long-Sheng long letter p, outside the world, and Warburg, Warburg overseas oil and gas in China, the four countries. Industry analysts believe that, no matter the cost or be on time, the "price" of generally high Q d II Fund since 2006 "go to sea" mixed since. Current Q d II funds towards the developed countries, andSynchronization features more obvious in these economies, economic linkages in the compact density is very high, so Q d II funds collective fall is not surprising.