Net value of fund unit: refers to the current total net assets of the fund divided by the total share of the fund. People usually refer to funds mainly as securities investment funds.

The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund. The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).

Announcement time of fund net value

The Measures for the Administration of Information Disclosure of Securities Investment Funds have different requirements for the publication time of the net value of different types of fund products.

1) The fund manager shall publish the net asset value and the net fund share value on the next day of the last market trading day of the semi-annual and annual period, and publish the net asset value, the net fund share value and the accumulated net fund share value in the designated newspapers and websites.

2) For closed-end funds, the fund manager shall announce the net asset value and net share value of the fund at least once a week.

3) For open-end funds, the fund manager shall announce the net asset value and net fund share value at least once a week after the fund contract comes into effect and before the fund share purchase or redemption.

4) After the open-end fund is open for subscription and redemption, the fund manager shall disclose the net value of fund shares and the accumulated net value of fund shares on the second day of each open day through websites, fund share selling outlets and other media.