According to regulations, there are only semi-annual reports or annual reports. The fund will disclose all position information.

In fact, even if you see the position information, it is difficult to understand the operation process of the fund manager. There is no need to disclose the situation of fund managers buying and selling securities during the reporting period. Investors can only guess a thing or two from the changes in positions, or communicate with fund managers in interactive programs organized by fund companies (fund managers may not elaborate on the grounds of confidentiality).

If it is completely disclosed in real time, it is easy to cause a rat warehouse.

Even if the fund manager knows the real-time position of the fund, it is strictly forbidden for the fund manager to operate the mouse warehouse.