Regarding transfers, generally everyone transfers in from off-site.

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But actually doing the opposite is also profitable.

The operation is rather troublesome, and you have to go to the counter to handle it every time.

Therefore, frequent arbitrage with small funds is not suitable for this model.

This method of operation is more suitable for large-capital and long-term bottom position arbitrage models.

for example.

Dividend arbitrage from premium closed funds, such as Dongfanghong during the closed period.

Fund dividends on the market are in cash mode.

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Off-site, you can choose share mode.

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We assume that we hold fund shares with a net value of 500,000 yuan.

Because it is not in the subscription period.

So the floor premium is 10%.

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The on-site value is $550,000.

The fund's annual dividend rate is 20%.

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After dividends, you will receive 100,000 yuan in cash and 400,000 yuan in net worth fund shares.

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If the dividend cash is reinvested, even if the on-market premium remains unchanged (in fact, the premium is likely to become larger on the day the dividend is paid), then only a little over 90,000 yuan of shares can be bought back.

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Therefore, after dividends, the actual net value of the premium funds we hold has been reduced from 500,000 yuan to 490,000 yuan.

Then the opportunity for arbitrage comes.

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We transfer the long-term fund shares back to the off-site before the dividend date, and then select the off-site dividend mode as share dividends.

After the dividends are distributed, they are transferred back to the market.

The net value of the shares held is still 500,000.

I got the share price difference of 10,000 yuan.