1. Net value refers to the balance of the fund assets after deducting the liabilities calculated by dividing the fair value by the corresponding fund shares at a certain point in time, representing the rights and interests held by the fund. Generally speaking, net worth refers to how much a fund is worth.

For open-end funds, the total number of fund shares may change every day, so the fund manager must make statistics after the close of the day's transaction, and then divide the net asset value of the fund by the share to get the net asset value of the fund on that day, which is the basis for investors to purchase and redeem the fund. Since the positions announced by fund companies are generally positions held in the last quarter, the fund valuation is for reference only, subject to the actual net value of the fund company.

2. Valuation refers to forecasting the net value of the fund.

Fund valuation is to calculate and evaluate the value of fund assets and liabilities according to the fair price, so as to determine the net asset value and the net fund share value. Fund valuation is to estimate the net value fluctuation of the fund according to the trend of the stocks held by the fund. Fund valuation is based on real-time stock quotation, which is estimated by a specific algorithm. Different platforms have different fund valuations because of different algorithms, so the fund valuation can only be used as a reference.

The difference between valuation and net worth lies in their different concepts and properties:

Partial stock funds and bond funds have a valuation and net value every day. For example, if a fund holds 50 stocks, the fund company or platform will estimate the net value of the fund according to the real-time prices of these 50 stocks, which is the valuation. But in fact, only after the stock closes can the fund company calculate the accurate net value, that is, the net value of the fund. It is usually announced after 8 pm.

Therefore, the estimated data does not really represent the net value, but is just a reference. For example, sometimes the valuation will rise much, the net value will rise less, or the valuation will rise and fall. This is mainly because the position of the fund changes at any time, but the valuation is calculated according to the position in the quarterly report, so there will be a certain lag, which will lead to differences.