Is the rise and fall of the fund based on net worth or valuation?
The actual rise and fall of the fund depends on the net value of the fund, but the net value of the fund will be displayed in the fund announcement after the market closes every day and after 9 pm. The net value update time of each fund purchase platform will be different, and there is no real-time net value for OTC funds to watch. The valuation of the fund is estimated according to the fund's heavyweight stocks and market trends, so many times we can use the fund valuation to judge the rise and fall of the fund.
According to the formula fund unit net value = (total assets of the fund-total liabilities of the fund)/total share of the fund, it can be known that investors buying OTC funds are equivalent to giving funds to trusted fund managers to buy stocks and bonds, and investors do not know the profit and loss of the fund managers' investment. After the closing, clearing companies, exchanges, registered companies and other institutions will send the data to fund companies, and they will not know until the statistics are published.
The valuation of the Fund is based on the awkward position, position ratio and position data of the Fund at the end of the latest quarter. Although there is a certain deviation between the net value and the valuation, it can still be used for reference.
To sum up, OTC funds have only two prices per trading day, one is the opening price and the other is the closing price. Buying and selling on a trading day are calculated according to the closing price of the day. The above are all about "whether the fund rises or falls depends on the net value or valuation, and when the net value of the fund will be updated". I hope it helps you.