When a fund is first issued, it is always 1. But this does not mean the price of the fund, but the net value of the fund is 1. The landlord should remember that all funds are bought by the amount and redeemed (repurchased) by the share.

If a fund has just been issued, generally speaking, the net value is 1, the subscription rate is 1%, and the redemption rate within two years is 0.5%. At this time, the landlord wants to buy 1 0,000 yuan, so you can only buy 9900 copies. If the landlord wants to sell the fund, he will not be able to protect the capital until the net value of the fund reaches 1.02.