Fund Companies Frequently "Step On Thunder" Is To Alarm You!

Recently, the League of Nations Security Fund has sued San Diego and Huachang Securities for breach of a bond default. A fund company in Shenzhen also went to court with other people for breach of a bond default.

Fund companies frequently "step on thunder" to warn the industry and investors that investment should not just focus on earnings.

In recent years, bonds have not been able to pay interest on time.

The default phenomenon began to increase.

From the fund's "trampling" case, it mainly focuses on two categories: one is the debt of small and medium-sized enterprises, attracting many agencies with its high interest rate.

Once the company breaks the contract, this high yield will become a month of water, and it will involve a lot of energy and manpower.

For example, the bonds issued by San to Wei have a coupon rate of up to 10.2%.

Statistics show that in 2016, Guo Lian an filed a lawsuit, claiming about about 30000000 yuan.

The lawsuit was withdrawn after 2017, and the facts and reasons of litigation, the amount of litigation and the amount of money have not been changed.

The two is the debt issued by the traditional industries and state-owned enterprises.

For example, last year's northeast special steel bond default case, the Huaan fund has been unlucky.

Statistics show that as of the end of 2015, a fund in Huaan held 15 East special steel CP001 market value of 20 million 212 thousand yuan, accounting for 6.16% of the fund's net value.

In March 2016, after the official default of northeast special steel, the Huaan fund subsequently announced that, based on the fact that the Northeast Special Steel bonds broke, the rating agency joint credit rating company limited the issuer's long-term credit rating from AA to C.

In order to protect the interests of the holders of fund shares, maintain

In a smooth operation, the Huaan fund decides to purchase the risk assets involved in the fund with the inherent capital of the company.

That is to say, this "bitter fruit" will be covered by fund companies and will not allow fund products to bear losses.

Such a practice is the same as the Monetary Fund's large losses.

This is also a form of "Gang Gang" which avoids escalation of events.

However, it can be expected that this "rigid exchange" which is covered by fund companies is not sustainable.

Previously, the situation of "trampling" was only sporadic, but as the number of bond defaults increased, fund companies needed to face up to this problem, because even large companies had a net asset of about 1 billion yuan and limited capacity.

If it is a small and medium-sized company, the net profit may be tens of millions of dollars a year, and it can not be all carried out by itself.

But whether it is consultation with the issuer or litigation, in order to get back the principal, the whole process takes a long time.

The progress of the above cases is worth pursuing.

But in general, investment can not only focus on revenue, but also work harder behind it.

Published in May 7th.

Some provisions on the shareholding of shareholders and directors of supervisors have also increased uncertainty for the future performance of the fund.

The new regulation stipulates that no more than 50% can be reduced within 12 months after the lifting of the restricted period.

At present, 16 of the 43 fixed stock funds in the market are closed for 18 months. The investment target of these funds is mainly one year increase.

According to the new rules, it will take at least a year or more to complete the restricted shares, which will become a difficult problem after the maturity of the funds.

According to the insiders, the effect of the new regulation on fixed increase funds is mainly reflected in the risk of premium discount and risk reduction due to the decrease in liquidity after the extension of the closed period.

In the market, there will be a big impact on the fixed position increase fund with a short closing period in the market for 18 months. Because there is not enough time to complete the reduction of the fixed amount increase in the closed period, the fixed reserve fund for the high position will face greater redemption risk when it expires.

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