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What is the reason for the huge book loss of Xingquan He Run Graded Mixed Fund?
Xingquan He Run Mixed Grading Fund will implement regular share conversion and split business (hereinafter referred to as quota conversion, the same below) on April 2, 20 16. This fixed discount is the routine action of the fund when the second operation cycle expires.

Xingquan He Run is the only mixed grading fund in the market at present, with unique grading design and standardized operation mode. Timely restore the grading characteristics of Herun A and Herun B, so that Herun A shares can maintain the characteristics of stable income and Herun B shares can maintain the characteristics of leverage income.

At present, Xingquan Herun is in the stage of sharing the benefits of each share, and the quota conversion on April 2 1 day will restore the classification characteristics of Xingquan He Run. This process will have a certain impact on investors' accounts, as follows:

1. Judging from the assets in the investor's account, the total market value of the corresponding share has not changed much, and the fixed discount will not have a significant impact on the assets in the holder's account.

2. From the risk-return characteristics, the total risk-return characteristics of each share holder in this discount have not changed.

3. Judging from the price fluctuation on the first day of A/B trading, Herun A may trade at a small discount below 1 yuan, and Herun B may trade at a small premium.

4. From the discounted allocation, He Run Fund, Herun A and Herun B have become completely different shares of risks and returns, and investors can realize characteristic allocation according to different risk preferences.

In addition, Xingquan He Run Fund, as a hybrid fund with excellent long-term performance, has a good positive support for Herun A's profit expectation and Herun B's upward elasticity.