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).
Extended data:
00 1075 funds include stocks issued and listed in China according to law (including small and medium-sized board, growth enterprise market and other stocks approved and listed by China Securities Regulatory Commission) and bonds (including government bonds, financial bonds, corporate bonds, corporate bonds, subordinated bonds, convertible bonds and separate convertible bonds issued and listed in China according to law;
Private debt of small and medium-sized enterprises, central bank bills, medium-term bills, short-term financing bills), asset-backed securities, bond repurchase, bank deposits, money market instruments, warrants and other financial instruments that the China Securities Regulatory Commission allows the fund to invest, but they must comply with the relevant provisions of the China Securities Regulatory Commission.
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