When will the net fund value be updated?
Closed-end funds shall publish their net value at least once a week; Open-end fund is to publish the net value of the fund at least once a week after the fund contract takes effect and before the purchase or redemption begins; After the open subscription and redemption, the net value of the previous trading day will be announced every trading day.
1 The net value of private equity funds is published once a week.
2 The net value of on-site funds (such as LOF funds, ETF funds and Reits funds) will generally be updated when the system is initialized on the trading day.
3 OTC funds generally update the net value of the fund on the day on the afternoon of the trading day 10. When the OTC fund is purchased and redeemed, it shall be calculated according to the final net value of the fund on that day.
Fund net value is divided into unit net value and accumulated net value:
1 fund unit net value: refers to the net asset value of each fund unit, which is equal to the balance of the total assets of the fund minus the total liabilities divided by the total number of units issued by the fund.
② Accumulated net value of the fund: refers to the sum of the latest unit net value of the fund and the dividend performance since its establishment, reflecting the accumulated income since its establishment.
Fund subscription/redemption is based on the principle that the price is unknown, which means that the net value of the fund on that day needs to be announced at night, so you don't know the net value of the fund on that day when you do it.
To sum up: different types of fund products have different time requirements for the publication of their net fund value. After buying a fund, don't think that a low net worth is good.