Net fund value is the key to calculate the net asset value of a fund unit. 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 subscription and redemption of open-end funds are conducted at this price, and the transaction price of closed-end funds is the known market price at the time of transaction. In contrast, the unit transaction price of open-end funds depends on the unknown net asset value of unit funds at the time of purchase and redemption (but it can be calculated after the market closes on the same day and announced on the next trading day).
Extended data:
Funds mainly include trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. The investment scope of Guangfa Jufeng Fund is the financial instruments such as stocks, bonds and warrants allowed by China Securities Regulatory Commission. The proportion of rights issue is 60-95%, the proportion of bonds is 0-35%, and the cash or government bonds due within one year exceed 5%.
Cash does not include settlement reserve, deposit, subscription receivable, etc. New financial instruments such as warrants are allowed to invest within the scope permitted by laws and regulations, and there is no need to convene a fund share holders' meeting for approval. ?
Guangfa Jufeng Fund divides stock assets into value stocks and growth stocks. In these two types of assets, different methods are used to screen the stocks with investment value, and at the same time, the reasonable and balanced allocation of the two types of assets is maintained to construct the stock portfolio.
Baidu Encyclopedia-Net Fund Value
Overview of Guangfa Fund in official website-Guangfa Jufeng-Fund