Chennai Stock：撸 Chicken leg feast-Indian Fund arbitrage (QDII Fund arbitrage) -The principle chapter
Source: Snowball APP, Author: Kangbo’s Way, (
In stock investment, there are many craftsmanship who loses money, and the money -making technology with low risk returns is still a small number of new shares, new debts, and fund arbitrage.
A few years ago, the premium was dozens of percent. At that time, the tractor account was opened, and a account made thousands of dollars.After a few days, the crude oil fund closed the door.Recently, Indian funds often have more than 5 points at a premium, and the crafts on the bottom of this Tibetan box can be returned to the rivers and lakes.Come chicken legs for a few days.Although a fund account is limited to 100, it is a drag of six, and there are two stock accounts. If you continue to bleed in A and H shares, you can return some blood by Indian Fund.
You can see the QDII fund premium at a integrated recording
QDII Fund is a "listed open -type fund". It can be purchased and redeemed at a real -time price in the market like stocks at the market like stocks, or can be purchased and redeemed at net worth on the field or outside the field.Therefore, the QDII Fund also has two prices: the price of the secondary market transaction (real -time change in the market) and the net value of the first -level market fund (announced after closing the market every day). The arbitrage space will occur when the two prices are deviated.Chennai Stock
The QDII fund arbitrage is to buy from a low price market, and then sell the market with high price, and earn the difference.In terms of easy understanding, just like "moving bricks", buy bricks at a low price in one place, and then move to another place to sell at high prices to earn the difference in the middle.Arbitrage is divided into two ways of arbitrage.
Premium arbitrage: When the price of the fund is higher than the net value, the premium arbitrage can be performed.The specific operation is to sell Huabao Oil and Gas Fund at high prices at the court, and to purchase the same share of Huabao Oil and Gas Fund at a net value outside the court.In this way, the difference between the price and net value of the field and the net value can be earned.The risk of premium arbitrage is that if the increase in price in the venue is less than the increase in net worth, a loss will occur.
Folding arbitrage: When the price of the fund is lower than the net worth, the discount arbitrage can be performed.The specific operation is to buy Huabao Oil and Gas Fund at a low price at a low price, while redeeming the same share of Huabao Oil and Gas Fund at the same time outside the field.In this way, the difference between the price and net value in the field.The risk of discount arbitrage is that if the price of the price on the venue is greater than the decline in net worth, there will be loss.
Under normal circumstances, the fuel and gas stocks bought by the fund will fluctuate, and the price of the fund will change accordingly. This is the main risk of arbitrage.Because the fund takes 3 days from subscription to confirmation, if the price of oil falls down in these 3 days, investors may lose.Therefore, many arbitrage investors will hold back warehouses, purchase first -hand, and sell in one hand.Although this may cause long -term arbitrage profits to lose losses lower than oil and gas declines, there is still a chance to make a profit.It can also be subdivided into offensive arbitrage and defensive arbitrage:
Offensive arbitrage:
Operation method: Sell on the day-purchase of the day.
Operation description: Take the initiative to take the initiative, first consider the rise and fall of the RMB at night, sell the funds in the market, and use the same funds to purchase equal funds outside or on -site.If the SPSIOP rise in the evening, the increase in the net value of Huabao oil and gas exceeds the premium, and even a discount, then the arbitrage fails and even losses.If the SPSIOP falls sharply at night, the net value of Huabao oil and gas will fall. At this time, it can expand the range of premium and get more benefits.Pune Wealth Management
Defensive arbitrage:
Operation method: Subscribe to the next day-sold the next day.
Operation description: Passive attacks, worrying that the night will rise and the RMB appreciatesJaipur Investment. It will not be sold in the market that day. Only the funds outside the market will be sold on the day after the opening.If the SPSIOP plunge in the evening and calculate the decline in the net value of Huabao’s oil and gas, at this time the second day may also fall sharply. If it is sold from the field, the price sold yesterday will be reduced, the premium has been reduced, and even the occurrence of the premium has also appeared.For discounts, then arbitrage will be less or lost.If SPSIOP rose sharply at night, the next day may also rise. When the premium is high, the increase will be a little less.
$ Crude Oil LOF E -Fangda (SZ161129) $ $ India Fund LOF (SZ164824) $ $ $ $ Nen 225ETF Ethida (SH513000) $
Jinnai Wealth Management
