Fund analysis of three basic errors

 Fund analysis of three basic errors in the published
fund analysis is a serious matter. Erroneous analysis will mislead investors.
There are several common mistakes in here to talk about.
I. percentage increase or decrease the so-called fund positions. Recently, some analysts often can see some of the securities based on analysis software to analyze the movements of the Fund, the most common is the so-called fund of seats net outflow of funds, the net inflow of funds on the market to show empty there is such an obvious common-sense statistical error mm, for example, an a closer look at the text, there is a different judge. the original text said as a percentage to the percentage used. In fact, if last week's positions 65%, the growth of 2% after the position should be (1 +2%) * 65% * 100% = 66.3%, and 67% worse a full 0.7 percentage points.
Second, the so-called Ji Jinjia lighten up. The same is the so-called analysis, it Jijin Jia lighten the judge is also questionable. Jijin Jia is calculated based on the Fund to lighten up a particular point in time (usually a weekend) positions. Let us believe that the close timing of any fund and fund of fund net asset value of total assets is known (the reliability of this data is questionable in itself), then the lighten up on behalf of the Fund plus any behavior? not. The reason is very simple, because even if funds do not do anything in a week, may also lead to two situations: first, hold the securities in which the price changes made during the so-called is an impossible task.
three so-called fund of the are accordingly a number of think, unless the markets are closed, unless the fund companies themselves, who do not know a specific fund shares held by real-time information, let alone real-time calculation of the net. I guess, the general portal and brokerage firms to provide investors with the so-called software the Fund's.