This requires fund managers to operate properly, push up the stock price in the hands of experts, and obtain high book value, so that the year-end ranking and rate of return are decent, so there will be a statement of year-end net worth.
Net fund value:
Fund unit net value? Unit net value, that is, the net asset value of each fund share, is an indicator of fund performance and also the transaction price of open-end funds.
The calculation formula of unit net value is: unit net value = (total assets-total liabilities)/total fund share. Total assets refer to the total assets of the fund, including stocks, bonds, bank deposits and other securities. Total liabilities refer to liabilities arising from fund operation, including various expenses payable.
Since the prices of stocks and bonds held by the Fund basically change every trading day, the unit net value of each trading day also changes, which is rarely the same as the previous day. After the stock market closes every day, the fund company will summarize the closing prices of stocks and bonds on that day and calculate the unit net value of the fund's subscription and redemption shares, and announce them one after another from 18: 00 to 2 1: 00.
Management fees and custody fees have been deducted from the net value of the fund unit. The subscription and redemption of open-end funds are calculated at this price, but the redemption fee should be deducted when redeeming.
The valuation of fund unit net value refers to the estimation of fund net asset value at a certain price. Calculating the net asset value of unit fund is the key. 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 unit fund every day can the investment value of the fund be reflected in time. The valuation principles of fund assets are as follows:
1. Listed stocks and bonds are calculated according to the closing price on the calculation day. If there is no transaction on that day, it shall be calculated according to the closing price of the latest trading day.
2. Unlisted stocks are calculated at cost price.
3. Unlisted government bonds and unexpired time deposits are calculated according to the accrued interest plus principal on the valuation date.
4. In case of special circumstances, if it is impossible or inappropriate to determine the asset value in accordance with the above provisions, the fund manager shall handle it in accordance with the relevant provisions of the state.
No matter what kind of fund, the total amount of the fund is divided into several equal integer shares at the time of initial issuance, and each share is a "fund unit". In the process of fund operation, the unit price of the fund will change with the change of fund asset value and income.
In order to accurately price and quote the fund, so that the fund price can accurately reflect the true value of the fund, it is necessary to estimate the actual representative value of each fund unit at a certain point, and publish the valuation result as the net asset value.