The market value of the fund represents the total value of the fund held by investors. On the surface, the market value of the fund should be the same as that of the fund redemption fund, but in fact they are usually not equal. The market value of the fund is for reference only for the following reasons:
1, most funds need to charge a certain percentage of redemption fee, and the actual redemption amount is the amount after deducting the redemption fee. The market value of the fund is not excluded in the calculation, so the two will be inconsistent.
2. Fund redemption is calculated according to the net value of fund shares on the redemption date. The net fund value that investors see every day is actually the net fund value of the previous working day. The net value and market value of the day generally need to be known at night. Therefore, the real redemption amount will be different from what investors saw that day.
After the disclosure of the fund's first quarterly report, the market value of public offering and A-share circulation continued to climb. The data shows that by the end of the first quarter of this year, the market value of Public Offering of Fund's share was 5.27 trillion yuan, which was 3.75 trillion yuan higher than that at the end of 20 18. The market value of public share accounted for 8.22% of the market value of A-share circulation, setting the highest level in the past decade.
According to the data of Tianxiang Investment, as of the end of the first quarter of this year, the market value of Public Offering of Fund stock was 5.27 trillion yuan, an increase of 126 104 million yuan compared with the end of last year, and a surge of 3.75 trillion yuan compared with the end of 20 18; The market value of public offering shares accounted for 8.22% of the circulating market value of A shares, which also increased by 0.27 percentage points from last month, setting the highest level in the past decade.
As an important indicator of Public Offering of Fund's influence in the A-share market, the market value of public offering shares accounts for the market value of A-share circulation, which can usually reflect Public Offering of Fund's pricing power and "voice" in the A-share market. At the peak of the bull market in the third quarter of 2007, the index once set a record of 27.93%; After that, it went down all the way, reaching the lowest point of 3.87% at the end of 20 17; From the peak of bull market in mid-20 15 to the bottom of bear market at the end of 20 18, Public Offering of Fund's share of stock market value has been stable at around 4. 15%.