The calculation formula of fund turnover rate: fund turnover rate = (total amount of stocks bought and sold during the period /2)/ average market value of stocks in the last five quarters. If the fund turnover rate is high and changes with the market changes, it shows that the fund tends to operate in band and the number of transactions is more frequent; If the fund turnover rate is low, it shows that the fund manager ignores short-term stock price fluctuations and tends to hold shares for a long time in order to obtain the benefits brought by enterprise growth.

Tips: The above contents are for reference only, and no suggestions are made. There are risks in entering the market, so investment needs to be cautious.

Reply time: 202 1-06-07. Please refer to the latest business changes announced by Ping An Bank in official website.

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