Fund share refers to the certificate issued by the fund sponsors to the public, indicating that the holder has the right to distribute the proceeds of fund property according to his share, to obtain the remaining property after liquidation, and to assume corresponding obligations.
To calculate the purchase and redemption price of fund shares, we must first calculate the net value of fund shares. The net fund share is equal to the net fund asset value divided by the total fund share. The net asset value of a fund refers to the value of the total asset value of the fund minus the fund liabilities that can be deducted from the fund assets according to laws, administrative regulations, provisions of the the State Council securities regulatory authority and the Fund Contract. The total assets of the Fund include all kinds of securities owned by the Fund, principal and interest of bank deposits, subscription funds receivable and other investments. In order to objectively and accurately reflect the value of fund assets, it is necessary to evaluate the fund assets according to the relevant provisions of the state and the provisions of the fund contract. Open-end funds should usually value their assets every working day. The valuation objects are assets held by the fund, such as stocks, bonds, dividends, bond interest, principal and interest of bank deposits, etc.
Question 2: What are the assets of the fund? Do you mean the fund assets of public offering funds? If so, fund assets refer to the funds raised by investors. The interest from the subscription date to the fund establishment date is also included in the fund assets, and is included in the investor's personal account according to the specific share. As the establishment, transaction and capital verification of the fund require expenses, these expenses are also accrued from the fund assets. Part of the money fund's sales service fee and the redemption fee of stock and bond funds will also be included in the fund assets.
Question 3: What does the fund share mean? This is a copy. When the time comes, you will buy 10,000 yuan, and after deducting the handling fee, it will be 9880.4 copies. The redemption price is1.115 yuan, which is obviously profitable. The amount is about 9880.4 *1.115 =10982.06-. If it is held for a long time, some fund companies will be exempted from redemption fees.
Question 4: What do you mean by the market value and available balance of fund assets? The market value of 16 and the liquidated damages of 57.330 refer to the amount. 23204.220 refers to the fund share. Available balance refers to the share that can be redeemed. If the balance is greater than the market value, it means that the net value of the fund is less than 1 yuan.
Question 5: In the fund redemption rate, 25% redemption is classified as fund assets. What does that mean? Assuming that the redemption fee is 65,438+000 yuan, 25 yuan belongs to the fund assets. Fund assets = cash bonds+stocks+warrants and other securities, and M share of fund assets = unit net value. The rest of 75 yuan became the funds of funds and fund companies.
Question 6: What are the main assets of the fund? What are the main liabilities? The total assets of the Fund include all the contents of the Fund's investment portfolio:
(1) The listed stocks and warrants owned by the Fund shall be subject to the closing price of the daily centralized trading market; Unlisted stocks and warrants are measured by qualified accounting firms or asset appraisal institutions.
(2) The listed bonds such as treasury bonds, corporate bonds and financial bonds held by the Fund shall be subject to the daily closing price; For unlisted companies, it is generally based on their face value plus the interest receivable on the calculation date.
(3) The short-term bills held by the Fund are based on the purchase cost plus the interest receivable from the purchase date to the calculation date.
(4) If there is no closing price or reference price on the calculation date specified in Article (1) and Article (2), the latest closing price or reference price shall be used instead.
(5) Cash and assets equivalent to cash, including deposits in other financial institutions.
(6) Reserves for assets and contingent liabilities that may not be fully recovered.
(seven) the assets that have entered into a contract but have not yet been fulfilled are regarded as fulfilled assets and included in the total assets.
The total liabilities of the Fund include:
(1) Unpaid remuneration payable to the custodian or manager as stipulated in the fund contract as of the calculation date.
(2) Other payables, including taxes payable, etc.
Question 7: What is the concept of fund? How to understand? Suppose you have a sum of money to invest in bonds, stocks and other securities to increase the value, but you have no energy or professional knowledge, and the money is not too much, so you want to invest in partnership with other 10 people and hire an investment expert (theoretically higher than me) to operate the assets invested by everyone to increase the value. But there, if investors above 10 negotiate with investment experts at any time, it won't be chaotic, so they recommend someone who knows the most about it to take the lead. Give him a certain percentage of everyone's assets on a regular basis, and he will pay the master service fee on his behalf. Of course, he will take the lead in making arrangements for big and small things, including running errands from door to door, reminding the master of risks at any time, and regularly announcing the investment profits and losses to everyone. , so I didn't come for nothing, and the money in the commission also has his service fee. These things are called partnership investment.
Enlarge this partnership investment model by 100 times and 1000 times, which is the fund.
This kind of private partnership investment activity belongs to private equity fund if a complete contract is established between investors (which has not been recognized by the relevant laws and regulations of the national financial industry supervision in China).
If this partnership investment activity is approved by the national securities regulatory authority (China Securities Regulatory Commission), and the lead operator of this activity is allowed to make a public offering to attract investors to join the partnership investment, this is the issuance of publicly offered funds, which is a common fund now.
What is the role of fund management companies? The fund management company is the lead operator of this kind of partnership investment, but it is a corporate legal person, and its qualification must be approved by the China Securities Regulatory Commission. Fund companies, like other fund investors, are also partners. On the other hand, due to its leading operation, it is necessary to extract service fees (called fund management fees) from the assets jointly produced by everyone every year, manage investment experts (fund managers) who are responsible for transactions on behalf of investors, and help experts collect information and engage in research, and regularly announce the assets and income of the fund. Of course, these activities of fund companies are approved by the CSRC.
In order to ensure the safety of the assets produced by all of us, the lead operator of the fund company will not steal or misappropriate them. China Securities Regulatory Commission stipulates that the assets of a fund cannot be placed in the hands of fund companies, and fund companies and fund managers only care about trading operations and cannot touch money. Find someone who is good at this matter and has high bookkeeping credit. Of course, this role belongs to the bank. So these contributions (that is, fund assets) are placed in the bank, and a special account is built, which is kept by the bank and called fund custody. Of course, the service fee of the bank (called fund custody fee) must be paid from the assets of the partnership every year. Therefore, relatively speaking, fund assets only have the risk of loss caused by poor operation of experts, and there is basically no risk of theft. From a legal point of view, even if the fund management company goes bankrupt or even the custodian bank has an accident, the person who collects debts from it has no right to touch the assets in everyone's fund account, so the security of fund assets is very guaranteed.
If this kind of Public Offering of Fund is announced to be established after raising investors within the prescribed time limit (the state stipulates that it must have at least 1 000 investors and the scale can reach 200 million yuan before it can be established), it will stop attracting other investors and stipulate that no one can withdraw from the fund halfway. However, until some month in the future, all of us will have to settle accounts and share the burden. If you want to cash in halfway, you have to find someone else to sell it yourself. This is a closed-end fund.
Whether it is a closed-end fund or an open-end fund, if it is convenient for everyone to buy and sell, we will find an exchange (securities market) to list the fund and trade it freely among investors at the market price. This is a listed fund.
Now look at the following fund concept, don't be too dizzy.
Securities investment fund is a * * * investment financing method for investing in securities with * * * returns and * * risks, that is, by issuing fund shares, investors' funds are concentrated, managed by fund custodians (usually reputable banks), managed and used by fund managers (namely fund management companies), and invested in financial instruments such as stocks and bonds. While enjoying the income from securities investment, fund investors should also bear the risks brought by investment losses. The funds in China are all contract funds for the time being, which is a trust investment method.
The characteristics of securities investment funds:
1. Expert financial management is an important feature of fund investment. Investment experts equipped by fund management companies generally have a profound theoretical foundation of investment analysis and rich practical experience, scientifically study financial products such as stocks and bonds, make portfolio investments, and avoid risks. Accordingly, every year, fund management companies will change from ... & gt
Question 8: What is the cash in the distribution of fund assets? It's cash in reserve, not investment.
Question 9: What does the fund mean? 1. Expert financial management is an indispensable part of people's contemporary life. In order to resist inflation and realize the preservation and appreciation of financial assets, investment and financial management should and must be carried out. However, as an ordinary retail investor, they lack sufficient financial knowledge and have little time and energy to take care of it. An investment fund is a tool for you to invest in the financial market, such as stocks and bonds, with little money.
Fund companies have a group of experts with high academic qualifications and rich investment experience. They have keen observation, analysis and judgment ability, can grasp a large amount of information in time, can make a more correct prediction of the price change trend of various varieties in the financial market, avoid investment decision-making mistakes to the maximum extent, and improve the investment success rate. For those small and medium-sized investors who have no time or are unfamiliar with the market and can't make special investment decisions, investment funds can actually gain expert advantages in market information, investment experience, financial knowledge and operation technology, so as to avoid losses caused by blind investment as much as possible. Cheng Siwei, the former deputy director of the National People's Congress Standing Committee (NPCSC) and a famous economist, once said, "As an institutional investor of expert financial management, the fund has relatively rational behavior and strong ability to prevent risks, which is conducive to the stable development of the market; On the other hand, funds can attract more people to enter the capital market. Retail investors buy funds and give the money to the fund manager to operate for him. The fund gives full play to the advantages of expert financial management, which can not only reduce the cost of retail investors, but also avoid greater risks. " Therefore, experts of fund companies can make less money when the stock market falls and make more money when the stock market rises.
2.* * * There are so-called "makers" who invest in the stock market, that is, those institutions or large households that hold huge amounts of money have the ability to directly or indirectly manipulate the market. Bankers make profits through various means, causing losses to some small and medium-sized investors. Individuals have limited funds for investment and financial management, and the amount is small. Compared with well-funded institutional investors and wealthy families, they are in a weak position and often vulnerable. The entry threshold for fund investment is low, and you can buy it as long as 1 0,000 yuan. However, if a large number of small and medium-sized investors are concentrated, fund companies will be in a strong position in investment activities.
3. Enjoy the benefits and take risks.
The more customers a fund company has, the greater the amount of money it can manage on behalf of customers, and the greater the income, the better the economic benefits. Therefore, under normal circumstances, fund companies are bound to make profits for their customers, thus improving their reputation and popularity, increasing customers and expanding total assets. In the case of fund profit, the company and customers have the best of both worlds and are happy. In the case of fund losses, it is necessary to bear risks.
A fund is a combination of stocks and bonds.
The investment scope of the Fund can be summarized as: stocks, bonds and other investment instruments permitted by laws and regulations, including interest-bearing instruments in the money market, such as large deposits and central bank bills, but mainly a combination of stocks and bonds. "You can't put all your eggs in one basket" is the motto of securities investment. But to realize the diversification of investment assets, it needs certain financial strength. For small investors, due to limited funds, they can only invest in a few stocks. When the stock market falls or the financial situation of listed companies deteriorates, the principal will suffer great losses, and the fund can help small and medium investors solve this difficulty. The Fund is well-funded. Within the investment scope stipulated by law, it invests the funds in different types of securities with different maturities in different proportions, so as to minimize the risk, which is much smaller than a single investment in a stock.
Looking at the current investment channels in the market, there are stocks, bonds, funds, precious metals (gold and silver), commodity futures, stock index futures and foreign countries.
Remittance, collection and warrants, etc. In addition to funds, you need to have deep knowledge and rich operational experience, and the starting threshold is relatively high and general.
It is difficult for amateur small and medium investors to get involved. From the above contents and the introduction of other chapters in this manual, it can be clearly seen that the fund is a tool suitable for public investment.