Closed funds have 2 prices, market value and net value.

The so-called market value changes in real time every day like stocks. It is the price that everyone speculates on. As for the net worth, like an open fund, the fund company takes all of our money and lets the fund manager manage it, and the income is obtained by purchasing investment products such as stocks and bonds. The net value of closed funds is published weekly.

The discount value is the difference between the net value and the market value.

The discount rate is the ratio of this difference/net value.

Why do closed funds have such characteristics? It is because when a closed fund is established, its share is fixed, usually around 3 billion, and the closing period is 10 to 15 years. During this period, if you originally purchased the closed stock with a face value of 1 yuan, you cannot redeem it from the fund company until it expires. That’s why it’s called a closed fund. However, it can be circulated in the securities market like stocks, which is very different from open funds. So for example, if you bought 10,000 shares at 1 yuan, you cannot redeem them until they expire. However, these funds can be sold on the securities market, that is, transferred to other people. The price of this transfer is speculated by everyone. For example, someone is optimistic about it. If you are willing to use 1.2 cents to purchase your original fund, you can transfer 2 cents per share (the handling fee is between 1.5 and 3 per thousand per side, depending on the regulations of each securities company, right? Much cheaper than open funds).

If there are many people who are optimistic about it, then the market price will continue to be raised, and your profits will increase. Of course, if you sell it, you can continue to buy it back for swing operations, and you can arbitrage at any time without affecting your income.

Looking back, let me talk about the net value. It is the same as the open fund. The fund company makes money by operating its stocks. The net value is announced once a week, but the net value is often much higher than the market value. According to the latest price, it is generally 30 higher. About %, that is, for example, if you buy a closed fund with a face value of 1 yuan, its market value is now more than 1.3 yuan.

However, you can’t get this 3 cent price difference, which is also called discount value or discount amount. To wait until the maturity date, you can redeem your fund according to 1.3. Now the country has an idea: after the launch of stock index futures, whether all closed-end futures can be converted into open-end, then even if it has not expired, you can still redeem it according to the net value (market value + discount value) (make sure it is redemption) return, not transfer). Even if you don't transfer, you will still have a profit of about 30%.

Based on this good news, the closed prices have been rising very fiercely in the past few days. Go and take a look. It started to rise sharply the day before yesterday. Today, the market plummeted by more than 100 points. Most of the 38 closed funds in Shanghai and Shenzhen are still in the red, and some are still in the red. It has risen by 2-4 points. I believe that if today's open funds cannot rebound when the market closes, they will fall miserably again today. Haha, believe me, I have been closed for 8 months, and the income is very good, and it is very flexible.

Let’s talk about how to choose:

1. For closures that are about to expire, you can look at those closures that are due to expire at the end of this year or next year. Because these are about to expire, they will be sought after by funds, and there will be a phenomenon of daily limit.

Closed Fund Name Fund Code Maturity Date Discount Rate %▼

Fund Xing'an 184718 2007-12-29 -5.00

Fund Jingyang 500007 2007-12 -31 -6.00

Fund Science News 500029 2008-01-11 -6.30

Ji Financial Xin 184719 2008-02-04 -9.20

Fund Hongfei 184700 2008-04-14 -11.10

Fund Kexiang 184713 2008-12-13 -14.30

Fund Kehui 184712 2008-12-13 -14..80

Fund Handing 500025 2008-12-31 -21.10

Fund Jinsheng 184703 2009-11-30 -23.10

The discount rate is no longer accurate for reference. You guys look at its expiration date.

2. Closed discount rate. Based on what I said above about redemption based on net value, of course the higher the discount, the better.

Here I recommend: 184693 184722 500038 500001

3. A heavy holding of closed funds. If a stock with heavy holdings is a popular stock, it means that the stock price will rise and its net value will also increase significantly. It will definitely be sought after by everyone. If more people buy it, the market value will inevitably rise accordingly.

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