Will graded fund A lose money? The loss of graded fund A is mainly operational loss, that is, buying at a high price and selling at a low price. However, if investors hold it for a long time, they can get a stable interest return, and generally there will be no loss. Even if the net value of Grade B continues to decline, there is a discount clause to ensure the safety of the principal of Grade A. ..

Most graded funds agree to discount when the net value of graded B falls to 0.25. At the time of discount, the price of Grade B will be adjusted from less than 0.25 yuan (assuming 0.25 yuan) to 1 yuan, and its share will be converted into a quarter of the original, and Grade A will also be converted into a quarter of the original. Another three-quarters of the shares are converted into parent funds and distributed to investors' accounts in the form of dividends.

Of course, in some extreme cases, Grade A may also lose money, that is, when the net value of Grade B is very low and the next discount point is about to be touched, and the market is extremely poor, there is a certain possibility that share B will just lose money, and the rest of the loss will be borne by share A ... But this situation is very rare.

What are the risks of graded fund A?

1, risks caused by discount

When the graded fund A is bought at a price lower than 1 yuan, it will bring discount income when "downward irregular conversion" occurs. However, when buying at a price higher than the net value of graded fund A, when there is "downward irregular conversion", it will bring discount losses. Students should buy graded fund A, preferably within 1 yuan. The lower the price, the safer it is, and the higher the future income. Generally speaking, the price of graded fund A is within 0.85, which is a very good price.

2. Risks from raising interest rates

The agreed rate of return of most graded funds A is "1 year fixed deposit rate +n%", where n is generally 3, 3.5, 4 and 5. Now, "1 year fixed deposit interest rate" is 1.5%. At present, the agreed rate of return of most graded funds A is 4.5%-6.5%. As long as "1 year fixed deposit interest rate" remains unchanged, the agreed rate of return is fixed. Therefore, when the interest rate rises, in order to keep the real rate of return unchanged, the price of graded fund A will generally fall. This is very similar to bonds. In fact, graded fund A is essentially a perpetual floating interest rate bill.

3. Risks brought by arbitrage

Arbitrage can also lower the price of graded fund A, but it generally affects the short-term price.

4. Liquidity risk

Some graded funds have a small daily turnover and are difficult to sell after buying. It is possible to sell it yourself, resulting in a price drop 10%.