Fund split refers to a way of recalculating fund assets by changing the corresponding relationship between the net value of fund shares and the total amount of fund shares on the premise of keeping the total assets of fund investors unchanged.
After the fund is split, the original portfolio remains unchanged, the fund manager remains unchanged, the fund share increases, and the net value of unit share decreases. The split of fund shares can reduce the net value of fund shares by directly adjusting the number of fund shares, without affecting the realized expected annualized expected income, unrealized income and paid-in funds of the fund. Let's give a simple example: suppose an investor holds 654.38+00,000 shares of a fund, and the net value of fund shares is 2 yuan, then his fund assets are 20,000 yuan. If the fund is split according to the ratio of 1:2, the net fund share will become 1 yuan, and the total share will double. The fund shares held by investors changed from 65,438+0,000 to 20,000, and the corresponding total fund assets remained at 20,000 yuan. The fund split has no effect on the total assets of the original holder, but the fund share has changed.
Suppose an investor holds A 10000 shares of the fund, and the current net fund share is 1.60 yuan, and its corresponding fund assets are1.6010000 =16000 yuan. After the fund is split according to the ratio of 1: 1.60, the net value of the fund becomes 1.00 yuan, while the fund share held by investors changes from the original 10000 to1.6 =/kloc.
Net worth fund share fund total assets
Before splitting1.60100016000 yuan.
After splitting, it is1.001600016000 yuan.
The reason why the fund is split is because the citizens have their old people's fear of high net worth and are more willing to buy low net worth funds. Fund splitting caters to the basic people's psychology, can reduce investors' sensitivity to price, is conducive to the continuous marketing of funds, improves the structure of fund share holders, and is conducive to fund managers to operate funds more effectively, thus implementing the investment concept of fund operation; The split of fund shares can also effectively solve the problem of "compulsory dividend", effectively reduce transaction costs and reduce the influence of day trading on the securities market. Therefore, these old funds with excellent performance and relatively small scale may choose to split the fund and attract more investors to improve the holder structure and fund size without affecting the original holders. The size of the split fund is generally small, and the expansion of the scale after the split is unfavorable to the operation of the fund.
According to the fund company's explanation, fund splitting can reduce investors' sensitivity to price, which is conducive to the continuous marketing of the fund, improve the structure of fund share holders, and help fund managers to operate the fund more effectively, thus implementing the investment concept and investment concept of fund operation.
Split funds mainly have excellent past performance and high net worth. In order to meet the psychological needs of investors and break the market paradox, investors can buy good funds at relatively cheap prices. Therefore, these old funds with excellent performance and relatively small scale may choose to split the fund and attract more investors to improve the holder structure and fund size without affecting the original holders. The size of the split fund is generally small, and the expansion of the scale after the split is conducive to the operation of the fund.
Further reading
2065438+July 2005 Fund Dividend Information List
How about splitting the fund and converting the fund share?
What does the fund share mean? Why do you want to switch fund shares?