The so-called market value changes in real time every day like stocks, which is the price that everyone speculates. As for net worth, it is the income that fund companies get from holding all our money for fund managers to manage and buy investment products such as stocks and bonds, just like open-end funds. The net value of closed-end funds is published once a week.
Discounted value is the difference between net value and market value.
The discount rate is the price difference/net value ratio.
Why do closed-end funds have such characteristics? It is because when closed-end funds are established, the share is fixed, generally around 3 billion, and the closure period is 10 to 15. During this period, if you bought a seal with a face value of 1 yuan, you can't redeem it from the fund company before it expires. So it's called a closed-end fund. But it can circulate in the securities market like stocks, which is very different from open-end funds. So, for example, you bought 1 000 copies at 1 yuan, and you can't redeem them before the expiration, but these funds can be sold in the securities market, that is, transferred to others. The transfer price is everyone's guess. For example, someone is optimistic about your original fund and is willing to use 1. Buy 20 cents, and transfer 20 cents for each transaction (handling fee 1‰). 5-3, according to the regulations of various securities companies, is it much cheaper than open-end funds? )
If there are many people watching, the market price will continue to be inflated and your profit will increase. Of course, if you sell it, you can continue to buy it back for band operation, and arbitrage at any time will not affect the income.
I'll talk about this net value later. Like open-end funds, fund companies operate stocks to make money. The net value is published once a week, but it is often much higher than the market value. According to the latest price, it is generally about 30% higher. For example, you bought a closed-end fund with a face value of 1 yuan, and now its market value is 1. Above 3 yuan.
However, the difference of 30 cents, the so-called discount value or discount amount, is not available to you at present. To wait until the expiration date, you can press 1. Redeem your fund. Now the country has an idea, that is, after the introduction of stock index futures, whether all closed futures can be converted into open futures, then even if you have not expired (see clearly that it is redemption, not transfer), you can redeem it according to the net value (market value+discount). Even if it is not transferred, there will be a profit of about 30%.
Based on this advantage, closed-end funds have risen sharply in recent days. Go and see, it started to rise the day before yesterday. Today, the market plunged 100 points. Most of the 38 closed-end funds in Shanghai and Shenzhen are still floating red, and some have risen by 2-4 points. I believe that if the open-end fund can't rebound today, the market will fall badly again today. Hehe, believe me, I have been closed for 8 months, and the income is very good and flexible.
Let's talk about how to choose:
1。 For the closure that is about to expire, you can look at the one that expires at the end of this year or next year. Because it is about to expire, it will be sought after by funds and there will be a daily limit.
Closed-end fund name fund code maturity discount rate% ▼
Fund Xing 'an184718 2007-12-29-5.00
Fund Jingyang 500007 2007-12-31-6.00
Ji Jinke News 500029 2008-01-kloc-0/-6.30
Ji Caixin184719 2008-02-04-9.20
Fund Hong Fei184700 2008-04-14-1.10.
Ji Xiang184713 2008-12-13-14.30
Jijin Jinhui184712 2008-12-13-14.80
Fund disposal 500025 2008-12-31-21.10
Fund Jinsheng184703 2009-11-30-23.5438+00
The discount rate is no longer allowed as a reference. Let me show you its expiration date.
2。 Closed discount rate. Based on what I said above, the higher the discount, the better.
Here I recommend:184693184722 500038 500001.
3。 Closed-end fund heavy stocks. If the heavyweights are hot stocks, it means that the stock price will rise and its net value will be greatly improved, which will inevitably be sought after by everyone. More people buy, and the market value will inevitably rise. Recommendation: 500008 5000 1 1