It means that I bought 33.2 copies of this fund for 5 yuan, and now I want to sell so many.
funds are calculated by share, and the fund will have a net value every day. After deducting the amount of fixed investment on the day of each month and dividing it by the net value of the fund on that day, the share is the total share.
5 yuan, the amount of funds purchased, minus the subscription fee, divided by the net value on the day of subscription, to get the number of shares. Because the net value changes every day, the share of each purchase is different. After 21 months of fixed investment, the average cost is obtained by dividing the total investment by the total number of shares.
Extended information:
Investing in hedge funds can increase the diversity of the portfolio and allow investors to reduce the overall risk exposure of the portfolio. Hedge fund managers use specific trading strategies and tools to reduce market risks and obtain risk-adjusted returns, which is consistent with investors' expected risk level. The ideal hedge fund return is relatively independent of the market index.
although "hedging" is a method to reduce investment risks, hedge funds, like other investments, cannot completely avoid risks. According to a report of HennesseeGroup, from 1993 to 2, the volatility of hedge funds was only about two-thirds of the S&P 5 index.