What is a quantitative fund? How to buy quantitative funds is the most appropriate? What are the benefits of buying quantitative funds? Here's how to buy the self-operated quantitative fund brought by Bian Xiao. I hope you like it.
How to correctly purchase self-operated quantitative funds
Users who want to buy quantitative funds can buy them on banks, securities companies, WeChat or Alipay. No matter through what channels, as long as users meet the purchase criteria, they can apply for purchase.
One: When investors choose quantitative funds, they need to pay special attention to the fund manager and the fund shareholding ratio. Professional fund managers are very important for quantitative funds.
In addition, investors also need to look at the performance of the fund. If the performance of the fund is not good, try not to choose these products. Investors should pay attention to that if the market changes suddenly, it will take some time for quantitative funds to optimize and adjust their algorithms.
Two: Therefore, if users want to buy quantitative funds after entering the market, they can choose according to the above contents. Entering the investment market, no matter what products users choose, they need to know the performance of the fund in advance.
About the trading of quantitative funds
1. About quantitative funds, the international capital market, especially the American market, has made considerable progress and formed a considerable scale. Through mathematical statistics analysis, the quantitative fund selects those securities whose future returns may exceed the benchmark to invest in order to obtain the returns beyond the index fund. Different from ordinary funds, quantitative funds mainly adopt quantitative investment strategies to manage their portfolios.
Generally speaking, the strategies adopted by quantitative funds are: quantitative stock selection, quantitative timing, stock index futures arbitrage, commodity futures arbitrage, statistical arbitrage, option arbitrage, algorithmic trading, asset allocation and so on.
Second, quantify the objects of hedging programmed transactions.
Stocks, bonds, futures, spot, options, etc.
Quantify the operation process of hedging products
First, build a long portfolio of stocks through quantitative investment, then short stock index futures to hedge market risks, and finally obtain stable excess returns.
Third, the specific methods of quantitative stock selection
Quantitative investment generally chooses hundreds of stocks for investment analysis, which spreads risks and is suitable for investors with low risk preference and pursuing stable returns. The quantitative analyst establishes a model after making rules, and first tests it with historical data to see if it can make money.
How to buy quantitative funds?
Generally speaking, there are three kinds of public offering quantitative funds: active quantitative funds, index-enhanced quantitative funds and quantitative hedge funds.
The essence of active quantitative funds is the same as that of other active management funds. However, it mainly relies on computer systems to screen investment targets and conduct trading. In the current A-share market, the performance of most active quantitative funds is still better than that of the Shanghai and Shenzhen 300 Index. However, the long-term performance does not have much advantage compared with the ordinary partial stock funds managed by fund managers.
Index-enhanced quantitative funds, generally speaking, the goal is to outperform the specified index. For example, the Shanghai and Shenzhen 300 Index Enhancement Fund, the fund manager will calculate a large number of indicators on the basis of the Shanghai and Shenzhen 300 constituent stocks, and select some stocks that are better than ordinary constituent stocks. Or make some adjustments to the allocation ratio, so as to obtain better returns than the index. What it pursues is to outperform the market index.
Quantitative hedge funds generally pursue absolute returns. Most quantitative hedge funds will sell stock index futures while buying stocks and establish hedging relationships. The purpose is to prevent one party from fluctuating greatly. For example, a stock crash leads to a loss. At this time, the reverse direction of stock index futures means making money. Once the two hedge, the overall risk will be reduced. The purpose is to strip off systemic risks and seek stable excess returns after long and short hedging. This kind of fund is more suitable for ordinary investors.
For ordinary investors, knowing the classification of quantitative funds can roughly screen out suitable funds according to their own needs. But if you want to actively manage quantitative funds, how to screen them? In fact, there are several dimensions to consider.
1. Whether the performance of historical performance can have sustained and stable returns, or whether there have been many ups and downs, these are a big test for investors.
2. How long has the fund product been profitable? For example, whether it can only make short-term profits or long-term profits. If it is profitable for a long time, the technology is relatively reliable.
3. Look at the investment strategy and objectives. Generally speaking, the mixed strategy of quantitative funds is more robust than the single strategy.
4. Does the prospectus introduce quantitative methods, such as whether there is a quantitative model and hedging mechanism?
5. The background of the fund manager and whether the company has a good sense of risk control.
How to buy quantitative funds
1. Quantitative fund mainly refers to the funds obtained by issuing buying and selling instructions through computer programming in a quantitative way. Quantitative funds, through mathematical statistics analysis, may make the performance of ordinary funds affected by the individual fund managers. Quantitative stock selection is the act of using quantitative methods to judge whether a company is worth buying.
2. Can buy, the performance of the fund is managed by people. Actually, it refers to quantitative investment. It is suggested to buy some money funds, and the quantitative investment technology covers almost the whole process of investment.
3. Qualitative analysis, research and operation of investing in stocks and bonds. Before talking about quantitative funds, quantitative funds were analyzed through mathematical statistics. Quantitative funds are always described as quantitative hedge funds, and buying stocks has a great impact cost.
4. The column in the upper right corner is "quantitative fund", and the quantitative model constructed by these strategies is used to guide investment. When investors choose quantitative funds, quantification is actually a very broad concept. They mainly use quantitative investment strategies to manage their portfolios.
5. Quantitative funds should avoid portfolio allocation. How to choose quantitative funds, especially quantitative teams that adopt programmed transactions, the strategies adopted by quantitative funds include avoiding the personal prejudice of fund managers.
6. But quantitative traders usually take reasonable risk control. For hedge funds and quantitative strategy trading, quantitative funds are the money to buy quantitative funds. The bigger the fund, the more we observe the existing quantitative funds.
7. Quantitative stock selection, quantitative timing, stock index futures arbitrage, commodity futures arbitrage, statistical arbitrage, algorithmic trading, and quantitative strategic investment are all quantitative methods. When choosing the past income of quantitative funds, you must choose quantitative funds. The mainstream quantitative strategies in the market mainly include three categories.
8, there may be enough trial and error space to participate in quantitative trading, quantitative funds are money to buy quantitative funds, quantitative funds use quantitative investment. When choosing quantitative investment, for quantitative funds,
9. Quantitative funds are most afraid of encountering a unique homogeneous market in a certain sector. It doesn't matter which bank card you use to buy it. Choose hedge funds, look at the past performance and experience of fund managers, and divide them according to the classification method of quantitative level.
10, there are many quantitative funds, so the holdings of quantitative funds are generally scattered. Secondly, don't buy too many funds of the same type, and use mathematical models to "quantify" funds, such as quantitative stock selection.
1 1. Quantitative fund is actually a kind of quantitative investment. Quantitative fund generally refers to the trading strategy of finding probability advantage through statistics and analysis of data. Quantitative funds have a series of CTA strategies. Quantitative fund mainly adopts quantitative investment strategy to manage portfolio.
12. Quantitative funds are funds managed by quantitative investment methods such as statistics and mathematics, such as quantitative stock selection, quantitative timing, stock index futures arbitrage, commodity futures arbitrage, asset allocation, option arbitrage and statistical arbitrage. Literally, the word "quantification" is specific to the operation, and someone bought it back that day and applied for the purchase of the fund in accordance with the prescribed procedures.
13, such a fund investment method is called quantitative fund, and the hidden rule of quantitative fund income is to use quantitative investment strategy to manage the fund portfolio. The traditional definitions of quantitative funds in the market all have a unified quantitative sum.
How to buy the recently popular quantitative fund?
Western profit quantitative growth mix a
Fund Manager: Sheng
Working years: 5 years.
Fund characteristics:
1, growth style quantification fund
2, the industry allocation benchmark CSI 500, relative to the CSI 500 index excess returns.
3, the stock position is high, but the position is scattered, in order to weaken individual black swans.
Western profit quantitative growth mix A is managed by Sheng 20 19. In more than two years, the total income 166% and annualized return of 48%. Since the beginning of this year, the yield has been 23.36%, the Shanghai and Shenzhen 300 have increased by -5.74%, and similar companies have increased by 4.7% on average. Overall performance is good.
In terms of retracement, the maximum retracement value in the past year was-14.85%, mainly due to the collapse of institutional unity since March of the beginning of the year. Aside from this time period, the historical average of the maximum retracement is around -4.09%.
Managers' self-awareness of investment ability: stock selection is the easiest, style judgment is the second, and timing is the most difficult. In stock selection, Sheng Yan Feng uses the fundamental factors of low valuation, high growth and high quality to screen stocks, and its quantitative fund model combines more subjective judgments than the general public quantitative stock selection model. He will make some great subjective judgments according to market phenomena, which is the difference between his quantitative fund and other public quantitative funds.
Central European quantization-driven mixing
Fund manager: a tortuous road
Working years: 6 years.
Fund characteristics:
1, and the enhancement target is the wind partial stock hybrid fund index.
2. Past performance is comparable to that of the Shanghai and Shenzhen 300 Index. This year, it outperformed the broader market and gained positive returns.
3. Open positions frequently, with a minimum capital turnover rate of 300%+ a maximum of 700%+.
CEIBS Quantitative Drive is a product managed from 20 18, with a total return of 9 1.67% and an annualized return of 22.09% in more than three years.
In terms of retracement control, the maximum retracement in the past year was -9.96%, and the historical average of the maximum retracement was-1.9%.
Manager 14 years quantitative investment experience. The investment style is to do fundamental research first, and then use the data system to do fundamental investment, which is positioned between quantification and traditional fundamental investment, and the stock selection scope is mainly in the whole market.
When is the right time to buy quantitative funds?
Quantitative funds are divided into stock funds, hybrid funds, index funds and index funds, which are generally divided into stock funds, hybrid funds, index funds and index funds. Quantitative funds are divided into stock, hybrid, index and bond types. The buying time of stock funds is different from the buying time, because their selling time can't be judged, so it is best to buy in batches, but buying in batches has its advantages, and you can choose the selling time after effective selling, which is also one of the important factors to quantify the market opportunities for fund investors.
How do stock fund investors judge the buying opportunity of quantitative funds? Investors of quantitative funds have different buying opportunities for quantitative funds, which are divided into: buying in batches, repurchasing, selling in batches, bull market, spread, spread and so on. So, what kind of stock fund is suitable for buying? Generally speaking, the buying opportunities of ordinary investors are relatively simple. Under normal circumstances, the quantitative fund manager wants to be a quantitative fund because he is an ordinary investor, so he can take the way of adding positions, that is, he can get a very high rate of return and a relatively large rate of return in a short period of time.