The agreed rate of return of Grade A in the market is different. Some A-level companies with high agreed rate of return are easy to premium, while some A-level companies with low agreed rate of return are easy to discount. But the A level of discount and premium is completely different in the face of discount. Only the discount grade A has arbitrage opportunities in the face of discount.

From 65438+February 20 13, the transaction price of resource A rose gradually, from 20 13, 12, 10 to12,26, and the transaction price was from 0.96 1 yuan.

Grade B investment risk when converting from point to point.

When the net value of Grade B is close to 0.25 yuan and the downward conversion point, there is a game opportunity between Grade A and Grade B. ..

If you are optimistic about the bottom rebound of the index (graded funds will not be discounted), you can buy graded B, because when it is close to the discount point, the leverage of graded B is about 5 times, which is a good rebound weapon. However, if the index continues to fall, causing a discount, investment grade B will suffer even greater losses.

Judging that the index will continue to fall (the grading foundation is discounted), you can buy the grading A. When the grading A is close to the discount, there is arbitrage space, and usually the trading price of the grading A will move closer to the net value.

On February 26th, 20 13, the net value of B share of Penghua China Securities A-share resource index grading fund was 0.239 yuan, reaching the threshold of 0.25 yuan for conversion of irregular share stipulated in the fund contract. If an investor buys 10000 copies of Resource B in the secondary market at the price of 0.3 12 yuan on February 25th, the investor will lose 455.98 yuan after conversion. Therefore, in the above case, in this game, if the judgment is wrong, there will be great losses.

Graded funds bottomed out at a critical time.

At the end of 2012165438+10, in the depressed market environment, the graded fund of Xincheng CSI 500 once hovered around the temporary conversion threshold. From165438+1October 27th to 65438+February 3rd, the new town 500B was lower than that of 0.3 yuan for the first time, and almost faced with downward transformation. But then the market rebounded, and in a month's time, the CSI 500 index rebounded by about 25%. If some investors think that the CSI 500 will rebound in the intraday trading of 65438 on February 4, and the fund will not be discounted, then the return of this rebound will reach 100%.

There may be opportunities when graded funds face discounts, but it will be very difficult to choose. It is suggested that investors really have a full grasp of the market before participating. Moreover, if the graded fund has triggered a discount, the graded B will no longer have the function of "gambling more", and it will directly lose money if it continues to buy.