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1这里说到multi sector growth 一般指什么意思？ 所有的领域都投资，房地产，股票，债券，等？就像asset allocation 所说的那样基本都有？
Multisector, 就是什么都有一些，澳洲股票，国际股票，房地产（一般是listed property trust,因为liquidity相对比较高）债券，货币
Growth是增长型基金，一般在股票和房地产这类的增长类投资份额比较大。一般债券和货币现金市场的投资属于保守类投资。
Multisector, means it has a bit of everything
Growth means it is a growth fund. Growth fund usually has large allocation towards Growth Asset such as Shares and Property. While fixed interest, cash are usually considered as defensive asset.
2我看了很多基金的走向，基本与本类基金走向完全相同，或相似很少有区别很大的比如这只基金： 三个曲线很相似如何解释，每个基金都有一定的对冲？造成随波逐流，与其他本类基金变化不大？
楼住看的这个基金不是对冲基金，不要把自己搞糊涂了，不是每个都要对冲的，不是每个对冲基金都是一定赚钱的。 要做的比同类的基准指数要好，有一些基金会把大多数的投资于基准指数的投资组合相似和接近，然后在加入小部分的比如投资在小公司的股票，通常他们的价格浮动比较大。一般股票基金都要把自己持有的最多的10 只股票罗列，但是通常不罗列的股票会另基金outperform，也有可能underperform.
I guess this is not a Hedge fund, so don't try to confuse yourself. Not every fund are Hedge fund. and not every Hedge fund are profiting. To out perform the bench mark index, some fund choose to allocate majority of their fund to something similar to the bench mark but small portion to for example Small company shares which can be volatile. And fund usualy list their top 10 share holdings.
3exit price不断调整说明什么？ 出来价格增高，投资基金卖的人少了？ 低了，卖的人多了？
基金都是单位计算的，可以根股票类比，entry price就是买入价，exit price就是卖出价，基金经理可以利用差价赚取一定的费用。很多broker比如CFD, Forex 都会这样。
一般要知道自己的投资组合价值应该用卖出价，而不是买入价，这样更加合理，所谓有价无市。
卖出价下跌有几个原因，一个是该基金持有的投资组合在贬值比如说股市下跌等等，也有对该基金的demand和supply的基本关系，这个是经济学的基本常识。
Managed funds are usually unitised, that means it has a unit price and unit price fluctuate just like share market. The market price is a reflection of demand and supply. Entry price differs from exit price hence the buy/sell spread. But to properly valuate your portfolio, you should always use exit price so morning star tell you the one week exit price movement.
The exit price drops can due to the underlying asset is depreciating (share price slump etc) and also there are more seller than the buyer of the fund's unit.
4 financial year return Cat+-什么意思
This means compare with the Catergory (which is the green line) on the gragh.
Cat= Catergory
表示performance超出该类别（绿色线）部分
5Morning star 三年为三星，三年以后就是两星，如何解释？ 建议短期持有？
MS用的是风险相对回报率来评分一个基金。
楼住看的基金3年评级是3颗星，5年评级2颗星，就是说明表现基本平均，3年表现比平均稍好。MS的星级是用bell curve来确定的。
These ratings are based on risk adjusted return.
3 year risk adjusted return is 3 star rating
5 year risk adjusted return is 2 star rating
That means pretty much this fund 3 year return is about average, 5 year return is below average.
6 NAV 是net asset value 的意思吗？有的表格里面数据没有就是NAV 什么意思是？
这里应该是没有数据的意思。。。
NAV usually means net asset value.
But it can mean Not Available in some instances.
Perpectual永动基金的CEO刚刚辞职，一个基金的领导人离职对一个基金的表现是有可能有潜在影响的尤其是CEO, CFO或者是CIO chief investment office.如果不是个人原因，可能公司存在一定的问题，当然也有可能是待遇问题。
BTW, perpectual's CEO recently resign, you need to be careful if some chief excecutive leaves or joins the company, it can have substantial impact on the management style/investment style of the fund.
[ 本帖最后由 Brother 于 2010-6-29 21:35 编辑 ] |
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E&E -- 广式煲仔饭 (2008-8-10) 闲夏采薇 
发表于 2010-6-24 23:02
