A fund manager who uses the fund property for securities investment shall not have the following circumstances:
(1) The fund holds securities issued by the company, and its market value exceeds10% of the net asset value of the fund;
(2) All funds managed by the same fund manager hold securities issued by one company, accounting for more than10% of the securities;
(3) Fund property participates in stock issuance and subscription, and the number declared by a single fund exceeds the total assets of the fund, and the number of stocks declared by a single fund exceeds the total number of shares to be issued by the company this time;
(4) The fund holds other funds (excluding money market funds), and its market value exceeds the net asset value of the fund 10%, except the funds in the fund.
When calculating the net asset value of the fund, the fund must be valued. Funds usually invest in various investment instruments in the securities market, such as stocks and bonds.
Because the market price of these assets is constantly changing, only by recalculating the net asset value of the fund share every day can the investment value of the fund be reflected in time.
When calculating the net asset value of the fund share, a parameter is needed, namely the total assets of the fund. This entry was specially created to discuss the total assets of the fund. The definition of total assets of the fund is as follows.