Guolian' an Shuangxi CSI 100 Index Classification
Xincheng CSI 300 Index Grading
Tai Sen 400 Index Grading
Yin Hua CSI 300 Index Grading
Jianxin CCTV Finance 50 Index Grading
Wanjia CSI Entrepreneurship Index Classification
Classification of ICBC CSI 500 Index
Shenwan industry index classification
Shenwan small and medium-sized board index grading
Icbc CSI 100 index classification
China Merchants Shanghai and Shenzhen 300 High Beta Index Grading
Yin Hua CSI 800 Index Grading
Xincheng CSI 800 Medical Index
Xincheng CSI 800 colored index
Xincheng CSI 800 Financial Index
Grading of National Gold Shanghai and Shenzhen 300 Index
Huaan CSI 300 Index Grading
Nord 300 Index Grading
Classification of Xincheng CSI 500 Index
Classification of CSI 500 index of Chinese businessmen
Leveraged index fund is a kind of leveraged fund. A fund that tracks the rise and fall of the index and magnifies the rise and fall of the index.
Leveraged index funds in China stock market are all aggressive Class B shares of graded index funds. This is a high-risk and high-yield variety with leverage. Within a certain range, this share enjoys a certain leverage income.
They can't be bought and sold through banks, but listed and traded like ordinary stocks. Investors with Shenzhen A-share accounts or fund accounts can purchase through brokerage channels.
Share leverage:
Share leverage is the leverage ratio when the fund is issued, that is, the ratio of the sum of A share and B share to B share, and the specific formula is:
Share leverage = (A share +B share) /B share
If the ratio of A share to B share in Yin Hua Shen 100 classification is 1: 1, the initial leverage of Yin Hua Ruijin, the B share of the Fund, is 2. The mainstream products in the market are all 1: 1 or 4:6, and the initial leverage is 2 or 1.67.
Share leverage is determined at the time of fund issuance. Generally speaking, the initial share leverage ratio of matching conversion stock grading funds is constant and remains constant throughout its existence.
Leverage value, as the ratio of the sum of the two shares to the B share, can not only tell investors the ratio of the two shares at the beginning, but also obtain the net leverage by calculating the ratio of the net value of the parent fund to the net value of the B share in the subsequent stage.
Net leverage:
Net leverage is a lever index often used in the research of graded funds, which is defined as the ratio of the net growth rate of the enterprising part (B share) of graded funds to the net growth rate of the parent fund.
In the specific calculation, the total net value of the parent fund is divided by the total net value of the B share, and the daily income of the priority share (A share) from the parent fund is ignored, mainly because the daily income of the A share is relatively small compared with the overall net value, which will not affect the calculation of leverage. The formula of net leverage is:
Net leverage = total net value of parent fund/total net value of share B.
= (number of shares of parent fund × net value of parent fund)/(number of shares of B × net value of shares of B)
= (parent fund net value /B share net value) × share leverage
The net leverage reflects the multiple of the increase or decrease of the net value of B share. For example, for a fund with twice the net leverage, the net increase or decrease of B share on that day is twice that of the parent fund.
However, the net leverage only affects the fluctuation of the net value of B shares, and investors are actually affected by the price fluctuation in the secondary market when buying and selling B shares.
Because of the discount rate, net leverage can't really reflect the price performance, so we introduce the concept of price leverage.