What is a graded fund, also called a graded fund? Structured funds? . Then the split fund is called the parent fund, and its two sub-funds are called Grade A and Grade B. Of course, the relationship between Grade A and Grade B is not simple. Grade A lends its own money to Grade B for investment, while Grade B tries its best to guarantee the principal of Grade A, it needs to pay interest to Grade A on a regular basis ... In addition, the remaining profits and losses in the total investment shall be borne by Grade B. Simply put, I lend my money to you for investment, so it doesn't matter to me whether you make a profit or a loss, as long as you pay me the agreed fixed interest and try your best to guarantee my principal.
For Grade A, fixed interest income can also ensure the safety of the principal, while for Grade B, it can double the principal, gain higher leverage and make better investment operations, but the risk will be higher.
In the merger of funds, A and B shares will be split one day, and a parent fund will be merged one day+1 and redeemed one day +2?
One day to buy the parent fund, +2 days to split, +3 days to sell the sub-fund.
In a graded fund, the sum of the products of the net value of each sub-fund and the share ratio is equal to the net value of the parent fund. If the parent fund is not split, it is a general fund. Since there is a split, of course, Grade A and Grade B can also be merged into a parent fund. Therefore, at the time of purchase, Grade A and Grade B can be bought and sold in the secondary market, but they cannot be purchased and redeemed. The parent fund can be purchased and redeemed. As for whether you can buy or sell in the secondary market, it depends on whether your fund is from the Shanghai Stock Exchange or the Shenzhen Stock Exchange. They are different.