Was it the lowest price when the fund was established?
When the fund is established, the price is not necessarily the lowest. The price of the fund is related to the net value of the fund, and its rise and fall is determined by the investment target of the fund. If the investment target of the fund rises, the net value of the fund will rise, and the investment target of the fund will fall, then the net value of the fund will fall.
Generally speaking, low-risk funds, such as money funds and bond funds, have high security, stable income and less risk of loss; High-risk funds, especially index funds and stock funds, have large price changes and high risk of loss, so investment needs to be cautious.
The issue price of the Fund is mainly determined according to the issue scale and the number of shares of the Fund. For example, what is the issuance scale of a fund? Then the issuer decides how many shares to divide the fund into, and then distributes it equally. This is the price of each fund. The scale and score of fund issuance are determined by the fund issuer according to various market factors.
The net asset value of the fund unit is high, and the fund price is correspondingly high; If the net asset value of a fund unit is low, the fund price will be correspondingly low. That is, the net asset value of the fund divided by the number of fund units is the price of the fund.