There are also some funds whose net value will suddenly rise sharply. There was once a fund, Pioneer Quantitative Optimization Mix A, whose net value soared by 4,500% on July 3 last year. For such funds, as investors, can we pursue victory and invest in these funds?
The reason for the sudden surge in funds
If you want to know whether this kind of fund is worth investing, you must first understand the reasons for the fund's skyrocketing.
First, the fund has a large redemption, and the huge redemption fee is included in the fund assets. Different funds have different regulations. According to the different holding periods of investors, the proportion of redemption fees included in the fund assets is also different, some are fully included, some are 50%, and some are 25%. Net value of fund unit = total market value/share after closing. After a large redemption, the share of shared income will be reduced, and the redemption fee will be included in the fund assets, which will lead to a substantial increase in the net value.
Second, the accuracy of the net share. According to the fund contract, the calculation of the net share value is accurate to 0.00 1 yuan, that is, three places after the decimal point, and the fourth place after the decimal point is rounded off, which leads to the error of accounting for the fund property and the large fluctuation of the net share value.
For example, there are 200 million fund shares, and the net value of redeemed units is 1.0385. Since three decimal places are reserved and rounded to one place 1.039, the extra 0.0005, that is, the total amount of 65,438+ten thousand yuan, will be borne by investors. If the remaining share is only 200,000, it is equivalent to investors losing 50% a day. Therefore, the number of decimal places has a great influence on the net value.
Third, the fund paid dividends. Reducing the net value of funds through dividends is the normal operation of the market. The net value of the fund rose from 1 yuan to 2 yuan. In order to reduce its net worth, 2 yuan Net Worth Fund has paid dividends to investors 1 yuan. If you set up a cash dividend, the dividend will go directly to your account. If you set up dividend reinvestment, it will be directly converted into fund shares and enter your position. There is also a division. When the net value of the fund is 1 yuan, you buy 1 ten thousand copies and the assets are 1 ten thousand yuan; When you rise to 2 yuan, your assets will rise to 20,000 yuan; After the split, the net value has dropped to 1, but the share has become 20,000, and your assets are still 20,000, and your left hand and right hand remain unchanged. This will also make the net value of the fund look down.
Is a fund with soaring net worth worth worth investing in?
From the historical data, the vast majority of funds prone to soaring net worth come from micro-products issued by small companies. Why not recommend that the investment scale is too small (the fund assets are less than 65.438+0 billion yuan)? There is also a reason for this. It is not that all small-scale funds are bad, but in probability, too small a scale will have a greater risk of liquidation.
In addition, investors constitute a single fund, especially a fund with a large proportion of single institutions. Once the institution withdraws, the scale of the fund will suddenly shrink sharply, and some funds will be left with one or two million after several hundred million.
For such funds, try to avoid them before buying, and don't take any chances to participate in such funds, even if they skyrocket in the short term.