What does it mean to have an AR ratio in an investment fund????? 5

It is often said that to choose ** is to choose ** manager. You can cite a lot of examples, like Warren Buffett, Peter Lynch, Soros, etc., these good hands (hot

hand) has mastered the investment weapon and can continue to beat the market.

In order to fully reflect the stock selection ability of ** managers, in addition to the above three classic indicators, we have added the following indicators. One is the geometric average of the net worth growth rate in the last 2 to 3 years, since these are all **type**, the unrisk-adjusted rate of return is still somewhat comparable; The second is the Information Ratio (IR), which represents the excess return per unit tracking error of the market portfolio. The higher the information ratio, the better the effect of active management by the manager; The third is the valuation ratio (AR), which is used to measure the excess return per unit of unsystematic risk.

The ** rate is the ** subscription rate, when investors subscribe differently, the subscription rate may be different due to the size of the subscription amount. Here, the maximum rate is calculated.

The subscription rate is an indicator of the cost that investors need to pay to purchase shares. The subscription rate refers to the fact that when investors subscribe differently**, the subscription rate may be different due to the size of the subscription amount. Here, the maximum rate is calculated.

The subscription amount of open-ended** actually includes two parts: subscription fee and net subscription amount. The subscription fee can be calculated as a percentage of the subscription amount or the net subscription amount. In China, the general practice is to calculate the subscription fee based on the total subscription price (including fees) multiplied by the applicable rate, and deduct it from the subscription price.

Subscription and subscription are two common terms in the investment market, although they are the first step of investment, but the two are obviously different, and there are certain differences in the corresponding rates. For the new people, especially those who like to operate, if you want to control costs, you should start from saving subscription and purchase costs, and choose companies or products with greater discounts.

The difference between subscription fee rate and subscription fee rate.

The so-called **subscription, refers to the purchase of ** when it has just been issued, is still in the closed period, and the net value is 1; Subscription refers to the act of investors buying (open-ended) shares after the closed period. The handling fee paid to the ** company in this process is called the subscription fee and the subscription fee respectively. Generally speaking, the subscription rate is much lower than the subscription rate for the purchase of the same type**.

At present, the subscription rate of **** is generally about 1%, and the subscription rate is generally around the same. It is worth noting that the ** subscription fee shall not exceed 5% of the subscription amount, and with the increase of the subscription amount, you can enjoy different grades of discounts. Of course, the people can also choose "UnionPay" and "Yinjitong" to enjoy greater preferential subscription rates.

Redemption rates vary depending on the holding period. If the holding time is less than 7 days, the redemption rate is based on the redemption amount; If the holding period is more than 7 days, but not more than 1 year, the redemption rate is; If the holding period is more than 1 year but less than 2 years, the redemption rate is; If the holding time is more than 2 years, the redemption rate is 0. In addition, each ** product may be different, and the redemption rate may not be set in full accordance with the standard.

The rates usually include subscription rate, redemption rate, management fee and custody fee. Through this element, you can be helped to identify the fees that may be incurred in the transaction, among which, the subscription fee and the redemption fee, are charged directly to the investor. The management fee and custody fee have been deducted in the net value accounting and are not directly charged to investors.

These contents can be accurately queried as long as you go to Yibaijin**.

What does the rate mean.

The handling fee charged at this value when you subscribe or redeem.

It's your fee for each transaction.

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The discount rate here refers to the discount of the subscription fee rate for the sale in Huatai.

The original subscription rate of this ** is:

If the subscription amount is less than 1 million yuan, it is;

If the subscription amount is between 1 million yuan and 5 million yuan, it is;

If the subscription amount is between 5 million yuan and 10 million yuan, it is;

If the subscription amount is higher than 10 million yuan, a fixed amount of 1,000 yuan will be charged.

However, each ** in each sales agency will have preferential measures for subscription rates, that is, discounts.

But generally after the discount can not be less than 4% off, ie.

Therefore, it is also 1,000 yuan, which cannot be discounted, that is, the original fixed amount rate.

The discount rate is a closed** metric.

Discount rate = 1 - **Ratio of market capitalization to net worth.

The greater the discount rate, the greater the discount. Under the current market opportunity of closed to open, closed"Discounts"It can become the subject of investors' attention. Because the discount rate is larger, once the closure is turned on or the closed ** expires, the ** discount disappears to the unit net value"List price", investors can earn the difference between the price.

Hello classmates, I'm glad to answer for you!

marketexposure**Investment ratioThe amount of investment made by a person or co-owner** in the market, generally calculated as a percentage.

**Application Requirements:

1. Be at least 18 years old;

2. Have full capacity for civil conduct;

3. Have a high school education or above;

4. Other conditions stipulated by the China Securities Regulatory Commission.

Candidates must pay attention to see if they can apply for the exam.

Hope mine can help you solve the problem, if you are satisfied, for yo.

Gordon wishes you a happy life!

Drawdown rateEven if the drawdown rate, the drawdown rate refers to the ratio of the highest point and the lowest point of the net value of a product (such as **) in a period of time, the larger the value, the greater the continuous ** range of the product in the period, and the worse the stability of the performance. It is also commonly referred to as the "maximum drawdown rate" over a set period, and the maximum drawdown is an important risk indicator, which is more important than volatility for hedging** and quantitative strategy trading.

Calculation formula: 1. Historical maximum drawdown rate.

The maximum value of the return drawdown when the product's net value reaches the lowest point at any historical point in the selected period.

Historical maximum drawdown rate = max[(.]