In the “hit shares” when the financial product after another, a new type of financial products available today. Guotai Junan Securities, and by the Industrial Bank, China CITIC Trust jointly launched the first type of financial products carry the “carry through 1″ will be on sale today. The product is 1 year investment period, the total size of sales of 4.5 billion. Although many industry insiders believe this is a kind of financial products can not lose, but whether the big profit through arbitrage investors still in doubt.
Yesterday, many investors have said in an interview do not understand financial product arbitrage profit model. The reporter then call the customer service phone bank Societe Generale, in asking about this business, customer service said that the entire system is not installed, unable to answer questions. The stakeholders expressed Guotai Junan, “carry through” is the use of the market pricing of various financial products between profit. “For example, ETF and stock price through the price difference to buy low and sell high, get one of the risk-free returns. Invest mainly in Shanghai and Shenzhen Stock Exchange listed securities and derivatives of various kinds of securities, may invest in bonds or short-term reverse repurchase and the class of money market funds. Therefore, the stock market’s ups and downs of little income arbitrage products, the risk level of subscription of new shares and bonds, or rather, relatively stable earnings. “the source said.
Reporter learned that, from an academic point of view, this new type of financial product similar to the international hedge funds, but the lower limit of the above-mentioned products is 5 million, the international private equity hedge fund on the maturity of up to tens of millions of minimum threshold, provided the developer has a complete arbitrage model.
“Strictly speaking, arbitrage-type financial products can not guarantee that can not lose. This product requires developers to have a set of strict operating model, very understanding of price movements in financial markets, and quantitative analysis of these trends, to be able to get some kind of arbitrage opportunity on the probability. “yesterday, the Central University of Finance and Professor Guo Tian Yong told reporters.
Guo Tian Yong also said, in the domestic capital market, this non-complete, by modeling the feasibility of obtaining high profits is limited. But it is worth mentioning that this year with the stock market tends to reason, a secondary market spreads continued to narrow, profit shares hit hard once again become the highlight of financial products, which carry financial product to provide a play space . “I hope the developer is not just ‘hyun’ concept, should be suitable for people to explore an arbitrage investment approach, to avoid publicity when the vigorous, and ultimately can not achieve the expected benefits.” Guo Tian Yong said.
related to hot words: Financial Products
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