1. What is the leverage principle of graded funds?
For example: A and B jointly invest in a business partnership. A is particularly afraid of taking risks, but he thinks this business is good and he can make money in the future. He agreed with B: "No matter how much I earn in the future, I only get 10% every year, and the rest is yours." And B is bold, thinking that this business can earn at least 50% every year, and the profit is only given to A 10%, and he can keep 40%. The expected annualized expected return is very optimistic. In this way, the two hit it off. B how to expect the annualized expected return to be maximized? B Be sure to have the best pennies. But a disagreed. In the spirit of friendship, B finally paid 30,000 yuan and A paid 70,000 yuan. In this way, B is doing business with 30,000 yuan and 6,543,800 yuan, enjoying the right to share the expected annualized income much higher than A, and at the same time taking greater risks.
2. What kinds of graded funds are there?
There are generally three kinds of levers in graded funds:
1, share leverage = (Class A share+Class B share)/Class B share.
2. Net leverage = (parent fund net value /B share net value) * share leverage
3. Price leverage = (parent fund net value /B share price) * share leverage.
Stock leverage is usually fixed. The A4:6(B ratio of general stock-based graded funds is 5: 5: 5 (Class B double initial leverage) or 4: 6 (Class B double initial leverage), and that of bond-based graded funds is 7: 3 (Class B double leverage).
Because the price and net value of B share are constantly changing in the transaction, the net value and price leverage of graded funds will also be adjusted accordingly. The higher the leverage ratio, the higher the risk and the more aggressive it is.