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What does it mean to confirm shares when buying a fund?

Confirming shares refers to confirming the number of purchases. Transactions before 3 o'clock on the fund trading day are calculated based on the net value at the closing time. The net value and shares are not known when the fund is purchased. You can only wait for the fund to close. The share can only be confirmed after the current net worth is confirmed.

The fund implements T+1 trading, buying on the same day, confirming the share on the second trading day, and calculating the income after the share is confirmed. Trading hours: Monday to Friday 9:30-11:30 a.m., 13:00 p.m. :00-15:00, no trading on statutory holidays.

According to different standards, securities investment funds can be divided into different types: according to whether fund units can be added or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass Fund units are bought and sold in the secondary market.

According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. my country's securities investment funds are all contract funds.

Based on the differences in investment risks and returns, funds can be divided into growth, income and balanced funds.

According to different investment objects, they can be divided into stock funds, bond funds, money market funds, futures funds, etc.

Since closed-end funds are traded on the stock exchange through bidding, the transaction price is affected by market supply and demand and does not necessarily reflect the net asset value of the fund. That is, relative to its net asset value, the closed-end fund The trading prices of mutual funds show premiums and discounts. The practice of foreign closed-end funds shows that their transaction prices often fluctuate with price fluctuations of first premium and then discount.

Judging from the operation of my country's closed-end funds, no matter how the fundamental situation changes, the trading price trend of my country's closed-end funds has never been able to break away from the price fluctuation pattern of first premium and then discount.

Open-end funds refer to investment funds whose fund size is not fixed but can issue new shares or be redeemed by investors at any time based on market supply and demand. Closed-end funds, relative to open-end funds, refer to investment funds whose fund size is determined before issuance and remains fixed after issuance and within a specified period.