For example, if you buy an open-end fund, you become the holder of the fund. The above 65,438,000 yuan will be converted into a certain share of the fund after deducting the subscription fee. The investments of all holders together constitute the assets of the fund, and the professional team of the fund management company uses the fund assets to buy stocks and bonds to form the investment portfolio of the fund. The fund share you hold is the epitome of the above portfolio.
Extended data
Net value of fund units-
The net value of a fund unit is the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities and then divided by the total number of unit shares issued by the fund.
The subscription and redemption of open-end funds are carried out at this price. The transaction price of closed-end funds is the known market price at the time of trading; On the other hand, the unit transaction price of the open-end fund depends on the net asset value of the unit fund, which is unknown at the time of subscription and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).