preface
Everyone knows that there are "new shares" and "new debts". Have you ever done "REITs"? For example, the subscription of the three rental housing REITs released recently is very hot. There are only a few billion funds in total. The total subscription funds exceed 80 billion yuan, and the allocation ratio is less than 1%. Let’s talk about this today: Why are REITs attracting funds and rushing to raise money? What exactly are REITs ?
Introduction to REITs Fund
1. What are REITs
REITs are real estate investment trust funds , which are investment funds that issue income certificates to investors, raise funds to invest in real estate, and distribute investment income to investors. As the name suggests, real estate investment trust funds, such as office buildings, shopping centers, highways, industrial parks, etc., all belong to the category of real estate. my country's current public offering REITs pilot infrastructure projects include warehousing and logistics, toll roads, airports, ports and other transportation facilities, as well as municipal facilities such as water, electricity, heat, pollution control, information networks, industrial parks and other infrastructure. According to different fund raising methods, REITs are divided into public REITs and private REITs.
my country's public offering REITs refer to the fund property formed by public raising funds from social investors according to law. Standardized financial products that hold infrastructure projects through special-purpose carriers such as infrastructure and asset-backed securities, and fund managers actively manage and operate the above-mentioned infrastructure projects, and distribute most of the income generated to investors.
REITs is pronounced as "Ruizi", which is actually the acronym for Real Estate Investment Trusts, which translates into Chinese as Real Estate Trust Investment Fund.
Simply put, REITs are also a type of fund, similar to the stock funds we buy, except that the funds are not invested in stocks, but in real estate.
In fact, it's a bit like everyone collectively pooling money to buy a house. While enjoying the rise in housing prices, you can also work as a renter to collect rent.
The development of REITs in major countries around the world is very mature, but the introduction of A-shares is relatively late, so the scale of A-share REITs does not match our identity as a major infrastructure country
2. Why buy REITs products
As of August 1, 2022, the currently listed public offering REITs are as follows:
As shown in the figure above, public offerings of REITs are currently very popular, and the fundraising can be completed on the same day as the initial offering. The proportion of public subscription and placement is relatively low, especially the proportion of placement of REITs that will be released after the second batch does not exceed 3%. In terms of income performance, Bosera Shekou Industrial Park REIT, China Yuexiu Expressway REIT, CCB Zhongguancun REIT and Penghua Shenzhen Energy REIT rose by more than 10% on the first day of listing, and CCB Zhongguancun REIT even reached the peak of 30%. From the perspective of long-term income performance, except for Ping An Guangzhou Guanghe REIT, the rest of the REITs have achieved positive returns, with an average return of 23.89%. Among them, Bosera Shekou Industrial Park REIT, Hongtu Yantian Port REIT and CCB Zhongguancun REIT have achieved more than 40%.
At present, it is found from the REITs column of the Shanghai Stock Exchange and the Shenzhen Stock Exchange that many REITs funds have passed the approval, and more varieties of REITs will be put into the market this year.
3. The case from the Norwegian sovereign wealth fund
Norway's sovereign wealth fund, currently the world's largest sovereign fund, announced its investment performance for the first half of 2022 this week.
In fact, the performance is not good, with a huge loss of 174 billion U.S. dollars and a yield of -14.4%.
If we take a closer look at the returns of different assets, stocks lost 17%, fixed income lost 9.3%, but real estate investment gained a positive return of 7.1%.
4. How to buy REITs products
1. Open the trading authority in advance
Opening path: Smart Investment APP-My Account-Business Management-Infrastructure Fund Trading Authority Opening (see the picture below)
2. Deposit in advance and sign a contract for automatic financial management
Due to the low allocation ratio, it is necessary to prepare a large amount of funds in advance and put them into the securities account. You can sign a contract for automatic financial management, which can ensure sufficient funds on the day of subscription, and increase the rate of return on funds before subscription. The specific deposit and contract automatic financial management paths are as follows:
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