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A small problem about fund financing?
It is really impossible for the fund to fall, let alone fall to a negative number. So there is only one explanation for this situation, that is, the fund has been leveraged.

At present, there are three main types of funds involved in leverage:

1. Active bond fund

According to the Measures for the Operation and Management of Public Offering of Securities Investment Funds, the leverage of open-end bond funds can reach 1.40%, and the leverage of fixed debt base is higher, reaching 200%.

It is difficult for actively managed bond funds to fall by more than 50%. Because bond funds invest in dozens of bonds, it is almost impossible for you to let the fund hold these dozens of bonds and step on thunder at the same time. At the same time, from the historical data, there are not many bonds that default, and even if there is a default, it is unlikely to cause all losses.

2. Funds investing in stock index futures and commodity futures

Because this kind of fund has strict position requirements for stock index futures and commodity futures, when the stock index futures and commodity futures lose money to a certain extent and the margin is insufficient, it will trigger forced liquidation. Therefore, it is impossible to fall.

3. Graded funds

Graded funds belong to more complicated fund varieties. So, San Sijun is here. To put it simply, share B borrows money from share A for investment, and share A charges interest to share B on a regular basis ... Through this explanation, it is not difficult to find that as long as the holder of share B pays the interest of share A on a regular basis, he will be responsible for his own profits and losses. However, according to the latest supervision, there is now a threshold limit of 300,000 for graded funds in the investment field, and ordinary investors should not be exposed to this variety.