Net leverage = (parent fund net value /B share net value) × share leverage

Price leverage = (parent fund net value /B share price) × share leverage

Long and short classification: share leverage = agreed coefficient (such as 2 times,-/kloc-0 times, -2 times, etc.). )

Net leverage = (parent fund net value /B share net value) × share leverage

Price leverage = (parent fund net value /B share price) × share leverage

Real-time net value of index parent fund = yesterday's net value of parent fund x( 1+ index tracking rise and fall) x position.

Real-time net value of class B financing leverage = (real-time net value of parent fund-class A net value x class A ratio)/class B ratio.

Real-time net value of long and short category B = 1+ (real-time net value of parent fund-1) X share leverage.

When the fund first went public, because the net value was 1 yuan, the initial share leverage was the same as the net value leverage. However, when the net value of the parent fund is greater than 1 yuan, the net value leverage is less than the share leverage, and when the net value of the parent fund is less than 1 yuan, the net value leverage is greater than the share leverage. However, the discount or premium of Class A shares leads to the premium or discount of Class B shares of leverage. In fact, we should pay attention to price leverage. Take Citic 500B with share leverage of 1.67 times (assuming a net value of 0.47 yuan) as an example, in which the CSI 500 index rises by 1%, and the net value of Citic 500B can rise by 0.0 1 1 yuan, which is equivalent to a net value increase of 2.3%, that is, 2.3% of the net value leverage.