The net value on the trading day refers to the net value of each fund obtained by the fund company after the end of the fund trading day by comparing the fund's net assets with the total fund shares.

Cumulative net value

The cumulative net value of a fund unit is the sum of the net value of a fund unit and the cumulative amount of unit dividends since the establishment of the fund. It reflects the data of all income of the fund since its establishment. Cumulative net value of fund units = net value of fund units + cumulative unit dividend payment amount in fund history.

The level of the fund's net value is not the main basis for selecting a fund. The future growth of the fund's net value is the key to judging the investment value. In addition to being affected by the management capabilities of the fund manager, the level of net worth is also affected by many other factors. If the fund has been established for a long time, or has grown rapidly since its establishment, the net value of the fund will naturally be higher; if the fund has been established for a shorter period of time, or the entry time is not good, the net value of the fund may decrease. relatively low.

Therefore, if you only use the current net value of the fund as the criterion for whether to buy a fund, you will often make the wrong decision. When buying a fund, you should still look at the future growth of the fund's net value. This is the correct investment policy.

Announcement on the net asset value of open-end fund units

The total number of units of open-end funds varies every day and must be counted after the day's trading closes and divided by the net asset value of the fund on that day. The net asset value of the unit on that day is used as the basis for investors' subscription and redemption. Subscriptions and redemptions of funds occur every day, so the net asset value of fund units used as the basis for transactions must be calculated after the market closes every day and announced the next day.

This is the date when the net value of the fund is announced.

Open-end funds have only one net value every day. This net value is the real fund net value calculated by the fund company with the supervision and cooperation of the custodian bank after the stock market closes every working day. Generally speaking, the fund will be announced between 6-8pm on weekdays. The date marked is the net value of that working day, and the net value has time attributes.

If you trade before 15:00 on the trading day, the net value will be calculated based on that day, and after 15:00, the net value will be calculated based on the second trading day, so pay attention to the trading time when buying funds.

So the fund’s income is different every day and should be calculated based on the day’s net value and the confirmed shares.

For example, the returns of monetary funds will change every day, because the returns per 10,000 shares on that day are different