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What do you mean by the ratio of fair value to fund assets?
In the semi-annual report of 2008, the composition of the fund's huge losses in the first half of the year was presented to investors. According to the statistics of Tianxiang Investment Consultant, the loss of bid-ask spread of securities accounts for a small proportion of the total loss, only about 10%. The real loss of the fund in the first half of the year is the fair value loss, accounting for 90% of the fund's loss.

The loss of stock price difference is nearly 20 billion.

It is reported that 48 funds included in astronomical statistics suffered a total loss of 6543.8+0792 billion yuan in the first half of this year, of which the fair value loss reached 6543.8+061300 million yuan, accounting for 90.02%. The fund that suffered the most losses in the first half of the year was China Post Growth, with a total loss of 654.38+09.4 billion yuan, of which the fair value loss reached 654.38+04.45 billion yuan, accounting for 75%.

As some fund companies have cashed in the previous income, the fair value loss even exceeds the fund's half-year loss. There are 1 1 open-end funds whose fair value loss exceeds half a year. Taking Guo Fu Potential as an example, the fund lost 4.4 billion yuan in the first half of the year, but the fair value loss reached 6.2 billion yuan, with a difference of/kloc-0.8 billion yuan. The reason is that in the first half of the year, the spread income of fund stock trading reached 654.38+0.77 billion yuan, which realized the previous income and caused a large fair value loss.

Statistics show that the total loss of bid-ask spread of securities reached 654.38+099 billion yuan, accounting for 6543.8+065.438+0% of the fund's loss in the first half of the year, most of which came from the loss of bid-ask spread of stocks, reaching 654.38+097 billion yuan. The fund also suffered a loss of 330 million yuan in the bid-ask spread of convertible bonds, and the bid-ask spread of bonds alone appeared 65.438+02 billion yuan.

The fund interest and dividend income included in the statistical scope totaled 2.07 billion yuan, of which dividend, creditor's rights interest and deposit interest income were 654.38+0.38 billion yuan, 430 million yuan and 230 million yuan respectively. Compared with securities trading losses and fair value losses, the impairment impact of fund interest dividend income is very limited.