The net value of a fund unit refers to the current total net assets of the fund divided by the total share of the fund. Its calculation formula is: fund unit net value = total assets net value/fund share. The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund. The subscription and redemption of open-end funds are carried out at this price.
The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day). The total number of open-end funds is different every day, and statistics must be made after the trading deadline of that day.
Divide it by the net asset value of the fund on that day to get the net asset value of the unit on that day as the basis for investors to purchase and redeem. The subscription and redemption of funds occur every day, so the net asset value of fund units as the basis of transactions must be calculated after the daily market closing and announced the next day. Known price calculation known price, also called historical price, refers to the closing price of the previous trading day.
The known price calculation method is that the fund manager calculates the total value of financial assets owned by the fund according to the closing price of the previous trading day, including stocks, bonds, futures contracts, warrants and so on. , plus cash assets, and then divided by the total amount of fund units sold to get the net asset value of each fund unit. Using the known price calculation method, investors can know the buying and selling prices of unit funds on that day.
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