1. Most funds investing in the domestic market generally close at 15, because the prices of stocks, bonds and other securities have been determined, and the market value of securities has also been determined.
2. However, to calculate the net value of the fund, we should also consider the subscription and redemption of the day, and deduct or accrue various expenses such as management fees, custody fees, subscription fees and redemption fees. The fund company calculates the net value according to the relevant data, which is between 16 and 19.
3. If the fund can invest in stock index futures, the stock index futures trading will not end until 15: 15, so the net value will be determined later.
Extended data:
classify
According to different standards, securities investment funds can be divided into different types:
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.
(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.
(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.
trust fund
Trust fund, also known as investment fund, is a collective investment model of "benefit sharing and risk sharing": it refers to the way of issuing fund vouchers (such as income vouchers, fund shares, fund shares, etc.), through contracts or companies.
A collective investment trust system in which most uncertain investors in the society pool different amounts of funds to form a certain scale of trust assets, which are distributed by specialized investment institutions according to the principle of combination, and the proceeds are shared by investors in proportion to their capital contribution and bear corresponding risks.
Characteristics of trust funds:
1, collective investment
2. Expert management and operation
3. Securities investment and risk diversification
4. Separation of asset management and asset custody.
5. Benefit sharing and risk sharing
6, for the purpose of pure investment.
7. Strong liquidity
manipulative skill
First: Look at the market outlook before operating.
The income from fund investment comes from the future. For example, if you want to redeem stock funds, you can first look at whether the future development of the stock market is a bull market or a bear market. Then decide whether to redeem or not, and make a choice on the timing. If it is a bull market, it can be held for a period of time to maximize the benefits. If it is a bear market, redeem it in advance and put it in the bag.
Second: switch to other products.
Converting high-risk fund products into low-risk fund products is also a kind of redemption, such as converting stock funds into money funds. This can reduce the cost, the conversion fee is generally lower than the redemption fee, while the money fund has low risk, equivalent to cash, and the income is higher than the current interest. Therefore, conversion is also an idea of redemption.
Third: regular fixed redemption
Like regular investment, regular fixed redemption can do daily cash management and stabilize market fluctuations. Fixed-term redemption is a redemption method of fixed-term investment.
References:
Baidu encyclopedia-fund