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You are here: Fund China > Fund comment > Fund sales price war has been created

Fund sales price war has been created

By Fund China
Published: 17:11, June 13th, 2007

By “Securities Times reporter” Fu Jian-li
Compiler: http://www.fundcn.org

As more and more investors to join and fund asset management gradually expanded the scale, joined the fund will become an enormous wealth cake. Fund Distribution firms, brokerage firms and fund companies and other direct marketing channels, have lower subscription or purchase fund rates to attract more investors in funds, some rate discounts or even as low as 3%.

Fund Distribution occupied the largest market share of the Industrial and Commercial Bank of China, the stages are introduced an online fund transaction fees 8% discount. ICBC investors through personal Internet banking purchase or subscribe for part of the fund will also enjoy the charges 8% discount. Time for April 25 to June 30. The first batch of 24 funds launched online application fee 8% discount in the South robust growth, King Shun Great Wall emerging growth Boldwin and other coastal Pan-24 Fund. Communications also notice, and investors through the application of Internet banking firms designated by the open-end fund (front) model, its application to enjoy preferential rates, the original application rates higher than 0.6%, unified concession to 0.6%. the original application rates below 0.6%, then the implementation of the original rates.

Shenzhen Development Bank more concessions. Bank customers through the Internet banking application designated by the open-end fund, purchase, enjoy preferential rates. Application rates higher than the original 0.6%, unified concession to 0.6%, lower than the original purchase rate of 0.6%, is the implementation of the original rates, as low as the minimum concession three packs. Shenzhen Development also provides that The concessions only for the normal period of the purchase, an open-end fund (front fees) model application fee rates not including the funds the charging mode and the back-end at the fund-raising phase of the open-end fund subscription rates.

Journalists learned, in addition to the above banks, China Construction Bank, Bank of China and Agricultural Bank. China Everbright Bank and other banks have also joined the Fund implemented varying degrees of fund units or subscription rates available. Moreover, the banks will not only care for their own fund implement preferential rates on non-trust fund will have implemented preferential rates.

Apart from the banking channels, the brokerage firms have not relaxed right Fund Distribution territories for this. Guangfa Securities in the “Internet Fund Storm” operation, Guangfa Securities by professionals recommend purchase of open-end fund, the minimum online transactions will be 4% discount. Moreover, as long as investors widely through the purchase of securities issued an open-end fund, Get Guangfa Securities thoughtful and meticulous professional advisory services and special gift “Fund Investment Weekly” electronic version. The reporters found that the consignment fund business, the Corporation was unable to network with a large number of banks, the But attractive market space has attracted a lot of brokerages have lowered the purchase rate of the Fund. An hand, the brokerage firms have joined the Fund can be expensive profits addition, the Fund through the sale of the brokerage firms, able to garner more fund companies trading seats, so as to strive for more commission fees.

In addition, sales of the specialized websites are not to be outdone, a fund engaged in the sale of the site on its web site, Initial continued marketing of the Fund, according to the front-end application rates four packs standards for concessions If the concessions after the rate below 64 per 1,000, according to six thousandths charge.

Fund industry pointed out that at present, other than the main channel for funds is still banks, brokerages, fund companies direct three centers, With the opening up policy, the Fund’s future sales channels will be increasingly vast, Fund sales channels between the competition will become increasingly fierce, including preferential rates means for investors is good news.

Copyright Fund China 2009.

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