What does AliPay Fund mean by selling shares?
Alipay sells fund shares, which means that the holder sells the fund in his hand in exchange for the fund. In fund transactions, the purchase and redemption of funds correspond to buying and selling. Fund share refers to the public offering of fund sponsors to investors, that is, the holders enjoy the fund property according to their share.
The right to income distribution, the right to obtain the remaining property after liquidation and other related rights, and bear corresponding obligations.
Is a smaller share a loss?
The fund holding share is converted from the subscription amount and net value when investors buy the fund. The general net value will not change, but the fund share will decrease in the following two cases:
1, fund merger, if fund A and fund B are merged, but the share of AB fund held by investors is different, and the net value is also different, so the share will be reduced after the merger with the parent fund. On the day of the merger, the share will be reduced, and it will generally be packaged and sold the next day.
2. Fund discount. If there are 100 fund B with a net value of 0.25 yuan, it will become 25 fund B shares with a net value of 1 yuan after conversion, so the fund discount will reduce the share.
At present, the discount in China is generally due to the fact that the net value of graded B funds is less than 0.25. After the discount, because the net asset value remains unchanged, the investor's account share will decrease accordingly, but the total assets will remain unchanged.
Investors should pay attention to that the discount is generally settled according to the net value of B share, not according to the transaction price, and in this process, the transaction price of B share is often higher than the net value, causing losses to investors.
Is it normal to reduce the share of fund holdings?
If the fund you bought is converted, the original net value below 1 will return to 1, and the holding share will decrease. For example, the original 1 1,000 funds held by 0.8 yuan will be converted into 800 funds held by 1 yuan. Although the share has declined, the total amount has not changed.