First of all, understand what a leveraged fund is.
Refers to a portfolio, through the decomposition of fund income or net assets, forming a two-level (or multi-level) risk-return performance with certain differences in fund shares. Its main feature is to divide the fund products into two types of shares and give different income distribution respectively. Graded funds are usually divided into two types of shares: low-risk income side (agreed income share) sub-funds and high-risk income side (leveraged share) sub-funds. Take a graded fund product X(X is called parent fund) as an example, which is divided into A share (agreed income share) and B share (leveraged share). Share A has agreed on a certain rate of return, and all the remaining assets of fund X after deducting the principal and accrued income of share A are classified as share B, and the losses are borne by the holders of share B within the limit of share B's net asset value.
Some people may not understand a long passage, but it is actually equivalent to increasing profits when making profits, increasing losses when losing money, and even losing a penny of the principal.
For example:
Zhao Zong created a graded fund and asked Lao Zhang and Xiao Li to buy both. Lao Zhang is conservative, spending 300,000 yuan to buy a graded fund A, with an annual fixed rate of return 10%. Xiao Li is a young man, a high-risk product, and spent 65,438+10,000 yuan to buy a graded fund B with four times leverage. Then, Zhao Zong bought some stocks with this 400,000 yuan.
A year later, an index rose by 30%, and Zhao Zong's original investment of 400,000 became 520,000. First, Zhao Zong will deduct 4,000 yuan from his handling fee, then give Lao Zhang 330,000 yuan in fixed income and principal, and the rest will give Xiao Li 654.38+0.86 million yuan. Xiao Li is far ahead of other investors with a yield of 86%.
Look again, when losing money:
In the second year, Lao Zhang and Xiao Li made additional investments. Lao Zhang contributed 3 million yuan and Xiao Li contributed 6.5438+0 million yuan. Zhao Zong is still using this 400.
Ten thousand yuan bought the same stock, and suddenly, I met a big bear in the market, which fell by 20% in half a year and lost 800 thousand, leaving only 3.2 million. LAOK quickly called two people and said that the market has changed a lot. According to the contract, the graded fund had to be terminated early. First, deduct his management fee of 20,000 yuan for half a year, because he has an agreement with Lao Zhang, and the interest for half a year is 6.5438+0.5 million yuan, and the return is 3.65438+0.5 million yuan. Residual margin
Thirty thousand dollars, all of which are Xiao Li's. Xiao Li sighed silently with the remaining thirty thousand dollars.
I worked hard to sort out the handmade ones. I hope the landlord will adopt them. If you don't understand, ask me.