Ukwahlukana phakathi kwe-CEFs kunye ne-Mutual Funds
Nangona kukho ukufana kweemali ezivaliweyo (i-CEFs) kunye neengxowa-mali, ziyahlukahluka kwaye nganye inenjongo kunye nesakhiwo sayo.
Ukuthenga nokuthengisa ii-CEF
Imisebenzi ye-CEF ifana nesitokisi-kwi-stock exchange okanye kwi-counter-counter-ngethuba-mali xa kuthengwa i-joint fund yokuthenga evulekileyo kwaye kuthengiswa ngqo ngqo nenkampani yenkxaso-mali okanye iqumrhu le-brokerage.
Kule nkalo, i-CEFs ifana neengxowa-mali ezithengiswayo (ETFs) . Iindleko zokuthengiselana kwe-CEF zifana neendleko zezorhwebo. Kukho kwakhona iimali zokulawula zangaphakathi ezihlawulwe kwiinkampani zeengxowa-mali ukulawula i-fund.
Enye iindleko zokuqaphela ukuba i-CEF yi-bid-ask spread. Ukuba ubeka umyalelo wokuthenga i-CEF kwaye, ngexesha elifanayo, ubeke umyalelo wokuthengisa i-fund, amaxabiso omabini ayahluka. Ngamanye amazwi, iindleko zakho zokuthenga i-CEF kunye nexabiso oza kulufumana ukuthengisa i-CEF yayiyahluka. Ngokomzekelo, ungathengisa ngexabiso lentengo ye-$ 9.90, ngelixa uthengela kwixabiso lokubiza eli-10. Ukwahlula kwe-$10. Yaziwa ngokuba yi-bid-ask spread and it is considered the cost of doing business in exchange or over counter.
Ungathenga zombini ii-CEF kunye neengxowa-mali ngokubambisana nomthengisi. Umthengisi wenza inkqubo yokuthengiselana kwintengiso kwimeko ye-CEF, okanye kunye nenkampani yenkxaso kwingxowa-mali.
Intengo yexabiso lexabiso kunye nexabiso le-CEFs
Kulula ukudibanisa ixabiso lexabiso lempahla (NAV) ye-CEF kunye nexabiso lemali. Ukuze ugweme ukudideka, unokucinga nje nge-NAV njengexabiso lempahla ye-CEF (amasheya, iibhonksi, imali, njl. Njll) ukunciphisa naziphi na izibophelelo, zahlula inani leengxowa-mali ezigcinwe ngabatyalomali.
Ngoko ke, ngokungafani nesikhwama sokubambisana, i-NAV ye-CEF ayilona intlawulo ohlawula isabelo se-fund.
Ii-CEF zithengwa okanye zithengiswa ngexabiso elithile kwi-NAV yazo. Ngamanye amazwi, ukuba i-CEF inamasheya angama-100 anexabiso elidibeneyo lama-$ 1,000,000 kunye namatyala e-$ 0 kunye neengxenye eziyi-100,000 ezahlukileyo, le ngxowa i-NAV ye-$ 10. Abatyalomali abanako ukuxabisa umphathi wepottoliyo ukukhetha amasheya, nangona kunjalo, banokuzikhethela kuphela ukuhlawula i-dollar 9 nganye ngesabelo se-fund. Ngoko, le ngxowa-mali yayiza kuthengiswa kwi-10% ukuya kwi-NAV.
Kutheni iikhampani zezimali zikhetha isakhiwo se-CEF?
Kukho izizathu ezininzi inkampani yengxowa-mali ingenza isigqibo sokwenza i-fund yabo njenge-CEF kunokuba i-fund-joint end-fund (kunye ne-vice-versa). Kungenzeka ukuba inkampani yenkxaso-mali inomdla othile ogqithiswe bhetele kwi-CEFs. Ngokomzekelo, ukuba inkampani yenkxaso-mali ifuna ukulawula i-fund egcina izibambiso ezingelula ukuzithengisa (ezingekho mthethweni, ezifana nesitoksi yenkampani encinane kakhulu engathengiswanga kwi-stock exchange), ngoko bangenza i-CEF. Oku kungenxa yokuba abaphathi bezezimali abaphoqelekanga ukuba bathengise ukhuseleko oluthile xa umtyalomali ufuna ukuthengisa izabelo zakhe zeengxowa-mali. Kwakhona, njenge-ETF, i-CEFs ayinayo i-securities engundoqo njengemali evulekile.
Ngaba i-CEF ikhethelo olukhethekileyo lokutshala imali?
Umgca olapha apha kukuba i-CEFs iyimali-mali ye-niche eneenkalo ezongeziweyo zesicwangciso kunye nobunzima obuqhathaniswa neengxowa-mali ezivulekileyo zemihla ngemihla ezivulekileyo.
Njengoko kunjalo, kubalulekile ukuqonda utyalo-mali phambi kokuba uthenge izabelo. Ukuba awuqinisekanga kwisigqibo sakho, mhlawumbi akuyiyo ingcinga efanelekileyo yokutyalomali.