By: Zong Xuezhe
Compiler: Fund China

Mr Cheung see current open-end fund sales hit, it starts buying point fund, but he doubts the banks, Securities companies and the postal savings funds have made advertising sales, in the face of so many sales channels, From Which in the end the better buy? At the door because the bank has a network, he first came to the bank advisory, will enable him to understand is, This bank’s staff does not even know that they are on sale at any Bank Fund and knowledge of the fund is almost ignorant. Later, he had no choice but to a securities company in a friend’s advice, a friend told him, Securities companies through the Internet trading system can be an open-end fund, and buying stocks and shares. Mr. Chang has since opened a securities account, went to the Corporation Fund signed a purchase agreement Then through online trading system easy to buy an open-end fund, but also through the financial transaction software function of the Fund for the same time and stock management. In fact, the Fund now has a more and more sales channels, and each channel has its own strengths and weaknesses, We can under the circumstances under which individuals choose.

Bank counters to buy funds. Now, most open-end funds are counter sales through banks, because the banks have advantages networks, and the credibility of the banks is very good, so funds from the bank to buy, some people more pragmatic. Especially for the elderly, it can be financial and banking managers face-to-face exchanges Fund can help to a lack of understanding of the proper choice of fund. However, counters from the bank handling the fund to buy almost no room for negotiation, customers can only passively accept. In addition, many remote networks staff of the Fund lack of understanding, should choose to buy funds with large financial centers network.

Internet banking. At present, through the purchase of individual banks addition counters outside, but also through the bank’s e-banking purchase, As long as open Internet banking and signed relevant agreements, we can sit at home easy for the fund to purchase and redemption. But online banks require a certain degree of computer knowledge and a lot of banks want to download the corresponding provisions of the certificate, less suitable for the elderly or the computer network less understanding of people. Meanwhile, the Bank of each fund is limited. sometimes in order to buy different funds need to open two more than the bank’s e-banking.

Corporation. Mr Cheung and in front of the same, if it has been opened securities accounts Shenhuwan investors, Securities companies can then sign an online fund transactions agreement will be online trading system through the purchase of the securities company with the open-end fund. Because of the Corporation almost all open-end funds are agents Therefore, the choice of the Fund’s room for even greater. However, the shortage of securities companies and banks, have special financial managers to guide you to fund operations, follow-up services such as banks do not improve.

Internet direct marketing. Most fund companies now have direct access to the Internet system, as long as investors in the fund companies to open websites registered fund accounts, Fund companies and in accordance with the requirements of the relevant bank cards or Internet banking, Fund companies then adopted the direct-marketing system can handle Fund for the purchase and transfer of funds business. Online direct marketing greatest advantage is a certain degree of preferential rates, but to control them a certain technical requirements, Internet banking even than some more complex, and most fund companies require the use of a joint-stock banks, a bank card or Shanghai, China UnionPay card payment processing, Meanwhile, there also a certain amount of transfer costs, the purchase of convenience is inferior in other ways.

LOF fund the purchase. LOF fund called the “listed open-end funds,” it also exists in a market and the secondary market, both through banks and other channels purchase and redemption will be able, like closed-end funds through the stock market and as buying stocks and shares trading. In the course of trading without purchase, and redemption fees to be required to pay up to 0.5% of the bilateral costs, transaction costs are lower, Liquidity was also significantly higher than normal sales channels. But the number of flaws and fewer varieties, sometimes artificially easy operation ups steady-as ordinary channels to buy from the open-end fund.

Copyright Fund China 2009.

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