Fund valuation is some fund website (such as daily fund network, etc.) in accordance with the proportion of the fund's position and the day of the Shanghai and Shenzhen stock markets to estimate the net value of the fund, with the stock market, as in each trading day, 9:00-15:00 plate real-time update, but this valuation is not the real net value, and ultimately the fund company announced the fund's net value shall prevail. Is the valuation of the daily fund network credible? How to buy a fund based on fund valuation?

1, the daily fund network valuation is not credible?

Because the net value of the fund is generally to wait for the closing of the stock market by the fund company and the custodian bank for the accounting proofreading, as soon as possible around 8:00 p.m. announced. And fund valuation, like stocks, is updated in real time at 9:00-15:00 intraday on every trading day. Therefore, although fund valuation bias is inevitable, it is still the concern of most investors.

DailyFund.com is a wholly owned subsidiary of China's first A-share financial portal, Oriental Fortune, and is also one of the first independent fund sales organizations approved by the Securities and Futures Commission. As China's first fund portal and the largest fund trading platform, DailyFund.com provides one-stop fund financial services for investors.

The valuation of the daily fund network is still relatively accurate, I have a period of time to make records and comparison, and found that the valuation of the daily fund network is closer to the real net value than other financial websites and fund third-party websites. However, the valuation of the daily fund network can only be used as a reference information for purchasing, can not be trusted, and it is not desirable to operate completely according to this.

2. How do I buy a fund based on its valuation?

Remember the 3 points:

①Fund valuation is not the basis for "selection" of funds. To determine whether a fund is worth investing in, can not only look at the net value of a single day, not to mention the valuation of the disk through the short-term operation (like speculation in stocks as speculation funds). Selection of funds or to look at the investment direction of the fund, to see whether its long-term performance is sustainable, to see the fund manager's ability to select stocks, to see the fund manager and so on, not to expand the details here.

②Fund valuation can be used as a reference to "buy" funds. After selecting the target fund, investors can observe the real-time valuation of the fund 5 minutes before 15:00, if you see that the valuation is cheap enough, immediately rush to 15:00 before the end of the transaction to buy.

As an example, if you are optimistic about BaoYing Strategic Growth Stocks (213003) and intend to buy it, you can observe its real-time valuation, which can be observed for a few more days, and then buy it immediately if you think it's already "cheap" enough. Conversely, redemption can also refer to the real-time valuation, think the price is already high enough, sell immediately.

③The initial period of time after the quarterly/annual reports are published (generally January, April, July and October, subject to the actual publication time of the fund company), the fund valuation has the highest reference value.

Tips: The purchase and sale of funds follow the trading principle of "unknown price"

Investors can only see the net value of the previous trading day when they buy or redeem, and the actual transaction will be finalized at what price until 15:00 after the market closes. It can only be calculated and cannot be predicted.

It should be reminded that only purchases and redemptions made before 15:00 each day are considered to be purchases and redemptions on the same day, and that purchases and redemptions made after 15:00 are no different from those made on the next trading day.

Most of the fund's intraday valuation is modeled on data published in the fund's quarterly report, while the fund's position is published once a quarter, and from the quarterly publication to the present, the market situation will have changed a lot, but these changes are not reflected inside the valuation system. Similarly, if a fund changes shares, this will also affect the accuracy of the forecast. In this way, it is not surprising that the valuation system is not accurate.

There are exceptions, however, and those are index funds or ETFs, where the number and percentage of positions are fairly stable and the estimates are less skewed.

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