Why did the fund go up but lose money?
1. The net fund value has increased compared with the previous trading day, but it has decreased compared with the investor's position cost, that is, the net fund value is lower than the investor's position cost, and the income is negative.
2. The increase in net value is not enough to offset the cost of fund transactions, so it seems to be rising, but it is still losing money after actual sale. Fund transactions need to charge a certain subscription fee, redemption fee, custody fee, management fee and sales service fee or commission.
Why is the valuation of the fund rising and the net value falling?
The fund valuation is based on the fund's heavy positions, positions and position data at the end of last quarter. The estimated net asset value and net fund share value are not the true value of the fund.
The reasons for the increase in valuation and the decrease in net value are:
1. The periodic report of the fund is lagging behind.
The quarterly report of the Fund will be published within 15 working days after the end of each quarter. The longer the report time of the fund in the last quarter, the more inaccurate the estimate.
2. The information in the fund's periodic report is incomplete.
The position information referenced by the fund valuation comes from the regular report of the fund, but the quarterly report does not list all the stocks and bonds invested by the fund, only the top ten securities with heavy positions. The basis of the data is not complete enough, so the valuation is not accurate.
3. Fund swap positions.
The net value of the fund is based on the current position of the fund manager. If the fund manager has switched positions and exchanged shares, then the current fund's position share is different from that held at the end of last quarter, so there will be deviation.