Fund conversion refers to converting one fund into another, so how does the money become less after the conversion? Why is the market value of fund conversion less? Then Bian Xiao has prepared relevant content analysis for your reference. I hope it will help everyone!

The reasons for the decrease in fund conversion are as follows:

1, handling fee

The fund will charge a certain conversion fee in the process of conversion, which consists of subscription fee and redemption fee, that is, if the redemption fee of the transferred fund is higher than that of the transferred fund, the redemption fee difference will be charged; If the redemption fee of the transferred fund is not higher than that of the transferred fund, the difference of redemption fee will not be charged; For the conversion between two paid funds, the subscription fees of the transferred-out fund and the transferred-in fund on the application date are calculated respectively according to the transferred-out amount. When a fund with low subscription fee is transferred to a fund with high subscription fee, the difference of subscription fee will be charged; When the fund with high subscription fee is transferred to the fund with low subscription rate, the difference will not be charged, resulting in the reduction of investors' share and funds after the conversion.

2. The net value of the fund fell.

After the fund conversion, the net value of the fund fell, which led to the decrease of the market value and holding income of investors.

3. Return of surplus funds

The subscription amount transferred to the fund is calculated according to the expected redemption amount of the transferred fund, which may lead to more or less transfers, and the difference is the conversion tail difference. If the tail difference amount of the conversion result is greater than 0, the tail difference amount will be returned to the investor's account, generally within 24 hours, and will be deducted from the investor's account if it is less than 0.

At the same time, if investors convert Fund A into Fund B before 3 pm that day, then the income of that day will be counted as Fund A, and the next trading day will be counted as Fund B; If investors convert Fund A into Fund B after 3 pm on the same day, then the income of that day and the income of the next trading day are counted as Fund A, and the income of the next trading day is counted as Fund B. ..

What does the total market value of stocks mean?

The total market value of a stock refers to the sum of the values of all listed companies in the whole stock market. The market value of listed companies is the price per share multiplied by the total number of shares issued.

In real life, the concepts of circulating market value and total market value are often confused. What's the difference between them? Let's take a look!

The so-called circulating market value refers to the total value of circulating shares obtained by multiplying the number of circulating shares at that time by the stock price at that time in a certain period of time.

The total market value refers to the total share capital multiplied by the stock price at that time in a specific time.

First, the total market value must be greater than or equal to the circulating market value.

The calculation method of circulating market value is the total value of circulating shares obtained by multiplying the number of circulating shares at that time by the stock price at that time in a specific time. The total market value refers to the total share capital multiplied by the stock price at that time in a specific time. So there is basically no difference between the two, the only difference is the actual size.

The relationship between the circulating market value and the total market value is not difficult to understand. They are the relationship between the market value of restricted shares+circulating market value = total market value. In this regard, investors focus on the market value of circulation, because it determines the difficulty of operation.

Second, the circulating market value represents the value of the stock itself.

The market price of stocks is determined by the market. The face value and market value of stocks are often inconsistent. The stock price can be higher or lower than the face value, but the price of the initial stock issue is generally not lower than the face value. The stock price mainly depends on the expected dividend, the bank's interest rate and the relationship between supply and demand in the stock market. The stock market is a volatile market, so is the stock price.

Third, when investors speculate in individual stocks, they generally pay attention to the circulating market value.

Generally speaking, stocks with smaller market value are more likely to be favored by funds. Because companies with small market value need less funds than companies with large market value, they are easily operated by active speculators such as general hot money and private equity funds in the market, so small-cap stocks often increase greatly in the index rising market.

Among the tradable shares in the market, many major shareholders of listed companies hold a large number of shares, which cannot be sold and traded for a period of time due to various reasons, and are restricted during this period. But after this period, they can flow to the market to participate in circulation transactions, so the actual number of shares in circulation of a stock is the number of shares that can be traded at present.

What is the difference between cash dividends and share dividends of funds?

The result of cash dividend is that cash returns to your account, and your share remains unchanged, but the unit net value of the fund becomes lower. (For example, if the unit net value of a fund is 2 yuan on that day and 65,438+0 yuan is distributed for every 65,438+00 copies distributed on that day, the unit net value of the fund will become 65,438+0.9 yuan. If you hold 65,438+00,000 copies of the Fund, you will get a dividend of 65,438+0000 yuan on that day. After dividends, your fund share will not become 65,438+00,000, but the total market value of your fund will become 65,438+09,000 yuan. Cash dividends are actually giving your own money to yourself, which is more beneficial to investors in a bear market. )

The result of share dividend is that your total share increases, but the net value of the fund unit decreases. (If the unit net value of a fund is 2 yuan on that day, the share dividend for that day is 65,438+0 for every 65,438+00. Just now, the unit net value of the fund has become about 1.8 18. If you held 65,438+00,000 shares of this fund before, you will have 65,438+065,438+0000 shares after dividends, and the market value of your fund will remain unchanged. Stock dividends are conducive to investment in the bull market. )

What is the actual share of the fund's fixed investment and the current market value?

First of all, the landlord should understand the concept of fixed fund investment, that is, deduct a fixed amount every month to buy designated fund products. The landlord's fixed investment in Harvest 300 Fund will be deducted from 400 yuan every month. The actual share is 487.79, and the available share is 487.79, which refers to the number of fund shares you bought with 400 yuan. The current market value of 397.30 refers to the * * value of 487.79 funds you have now, and one fund is 0.8 145 yuan. I wonder if the landlord is satisfied? Net fund value is the net asset value of fund shares, referred to as net asset value (NAV), also called the net asset value of each fund share. The calculation formula is: net asset value of fund share = (total assets-total liabilities)/total fund share. Among them, total assets refer to all assets owned by the fund, including stocks, bonds, bank deposits and other securities; Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others, interest payable on funds, etc. The total number of fund shares refers to the total number of fund shares issued at that time. The total share of open-end funds changes every day, so the statistics after the end of the day's transaction shall prevail. After the close of each trading day, the net asset value of the fund on that day is divided by the total number of fund shares at the close of the trading day to get the net asset value of the shares on that day. The net value of share funds is an important indicator to reflect the performance of funds, and the transaction price of open-end funds is determined on the basis of the net value of each fund share. Because the value of assets owned by the fund always changes with the fluctuation of the market, the net value of the fund will also change constantly. 1, the actual share, available share and current market value of the fixed investment of the fund refer to the actual share when purchasing the fund as the fund share respectively; Available share is the share that the fund can be used for trading; The current market value is the current price of the fund. Fund market value refers to the value of listed funds in the stock market, which is changing at any time. 2. Fixed investment is the abbreviation of fixed-term investment fund, which refers to investing in a designated open-end fund at a fixed time with a fixed amount, similar to the bank's zero deposit and withdrawal method. People usually refer to funds mainly as securities investment funds. There are three main analysis methods of securities investment: basic analysis, technical analysis and evolution analysis, in which the basic analysis is mainly applied to the selection of investment objects, while the technical analysis and evolution analysis are mainly applied to the temporal and spatial judgment of specific investment operations as an important supplement to improve the effectiveness and reliability of investment analysis. Cash dividends should be transferred to your current bank account. The available share is the fund share you hold, and the value of your current assets is multiplied by the net value of the fund on that day. The subscription and redemption of fixed investment funds are calculated according to the net value announced by the fund company on the day of your operation. Divide 200 by the net value of the day to get your share.