Why does the amount of cost change after the discount of the graded fund?

We select the net value of B-level sub-** that has occurred or has triggered the discount since this round of **** and the average transaction price of A-level sub-** and find that if the grade ** does trigger the downward discount, the corresponding A-level sub** can be sold on the conversion base date when the net value of B-level sub** is close to the discount threshold (there is still about 30% of **space), and a certain income can be obtained through this operation strategy. Of course, if the net value of the B-level sub-** does not touch the lower fold threshold but occurs, the A-level sub-** will appear.

Market Operations. 1.Do not do any market operations: 100,000 B-grade ** income is 10,000.

3.**Equal proportion A share and B share pair synthetic mother**.

Suppose that the price of **on July 3 is **100,000 shares), and then redeem the parent ** (calculated according to the net value of the day).

The total investment is: A-level 10,000 yuan + B-level 10,000 = 10,000.

Parent ** net value 10,000 = 10,000.

The redemption amount is: 10,000.

Investment loss: 10,000.

Total loss (taking into account the next day's equity loss) = equity ** loss.

If you think that the market will be stable or even, the A-level sub-**** used in this simulation strategy will be**; But if you think the market will continue to move lower, the current higher discount A** will bring some additional gain.

Hope it helps, hope!

Will you lose money if you are graded down, grading is something that often happens, if there is a grading** down, will investors lose money, let's take a look at it together.

1. What is grading** folding

The so-called downward discount of grading ** means that when the net value of the grade ** B share ** to a certain ** (such as yuan), in order to protect the interests of the holder of the A share, the ** company converts the grade ** downwards in accordance with the contract, and after the conversion is completed, the net value of the A share and the B share returns to the initial net value of 1 yuan, and the A share holder will obtain the parent base share, and the share of the B share holder will be reduced according to a certain proportion.

2. Will I lose money if I lower the grade?

The conversion of the parent **, A share, and B share is as follows:

The net value of the B share is 1, and the share is reduced. For example, 1,000 B shares with a net value of RMB will be converted into 250 B shares with a net value of RMB 1. It is important to note that the conversion is based on the net value of the B share, not the transaction**.

In practice, the transaction of B shares** is often higher than the net value, triggering greater losses for investors.

A share is converted into a share equal to B share, and the remaining share is converted into a parent ** with a net value of 1 yuan. For example, 1,000 A shares will be converted into 250 A shares, and the remaining 750 shares will be converted to the parent ** according to the net value. In the actual process, the transaction of A shares** is often near the yuan, so it is usually expected that buying A shares when the discount is expected to be triggered will obtain a good expected annualized expected return.

Note: When the market is in a down-limit situation in most of the underlyings, that is, when there is an extreme lack of liquidity, **A share arbitrage may also suffer losses).

The impact of the graded ** discount is very large, and the holder is exposed to the risk of loss. For example, according to ** Hehu Li Tong, the net value of Class B shares is adjusted to 1 yuan when converted, and the number of shares is reduced accordingly, and the leverage of Class B shares is greatly reduced after conversion, and the premium rate is usually reduced accordingly; At the same time, the high leverage of B near the downward break also magnifies the decline of the underlying index. As a result, the combination of a decrease in the premium rate and the ** of the underlying index exposes Class B share holders to the risk of loss.

But there are two things to note at the moment:1The premium rate of Grade B is significantly lower than that of the 2015 downward discount tide, and even many of them are at a discount, indicating that investors are more rational, so the losses caused by the discount to Class B share holders have been reduced.

2.The b** leverage that is close to the discount is still very high, and even if you don't take into account the additional losses caused by the disappearance of the premium, the risk brought by the leverage alone is already large. Therefore, for the grade B that is close to the downward fold, investors should also carefully assess their risk tolerance, control the **, and buy cautiously!

If the share of the ** class is close to the downward discount, in the case of not being optimistic about the market, it is still the best choice to sell first. If the ** class shares fall to the limit, buying the class A shares before triggering the discount is also one of the ways to exit the market as soon as possible.

Grading ** discount usually refers to allowing **company to invest in the same kind of ** to protect the income of A-share holding pedestrians when the net value of graded ** B shares begins to decline, so as to carry out the operation of downward discount of the same type of **, A shares and B shares will recalculate their original net value, A share holders will receive **shares**, and B shares will be in a fixed proportion**. If the investor holds a net value of $ B, then the investor should note that if the discount passes, the net value is $1 of 250 shares of B shares. The markdown discount is generally based on B shares, and the net value of B shares is not used to settle transactions**, and in the process, the trades** of Hungry B shares are often higher than the net value, resulting in investors losing money.

If the grade** triggers a low-discount market on T-day, the low-discount market will not stop even if the B-share limit is on the T+1 conversion record date. And since the day is still in the trading session, many investors who don't know the facts will buy this discounted gradual**, and if they don't disclose it to the market, investors will lose a lot.

Before the 150189 discount, ** is five or six cents, but the conversion is converted according to the net value. For example, if an investor holds 1,000 shares of 150189**, the net value before conversion is RMB; After conversion, it becomes holding 317 B shares, and the net value becomes 1 yuan. The ** amount you hold before and after conversion is 317 yuan, and there is no profit or loss.

But the ** you actually hold is priced according to the **, and the lower discount is converted according to the net value, that is to say, the ** of five or six cents is converted as more than three cents, and a loss of about 2 cents is realized here.

After the discount, the net value of the day (July 8) is 1 yuan, and the yuan you see (July 10) is because the **two days**market** drove this** up 40%+. On the day of the discount, you realized the loss of **to the net value due to holding the **downward discount, and the loss is (; It's been ****** to hold it for two days, which means that from the conversion to the present, the income you have held this ** is (. Converted to a loss now.