Source: Snowball APP, Author: Dolphin Index valuation, (
Recently, many people have played the Indian Fund (164824) arbitrage, and many people do not understand the arbitrage method.Summary here in detail, try to make everyone completely familiar with arbitrage, and be able to get started.1. What is arbitrage
Similarly, when trading in different regions, there may be price differences.Nagpur Investment
As long as the price difference is large enough, someone will acquire from the A market, get it to the B market, and earn the intermediate difference.
The above is the simplest principle of arbitrage.
As as if, the LOF fund can be purchased or available on the court, there are two ways to start.
As long as the difference between the purchase price and the buying price is large enough, you can purchase the share at a low price, and then sell it at high prices on the court to earn the difference and achieve arbitrage.2. Which varieties are used for arbitrage
For our ordinary investors, they use LOF funds for arbitrage.
ETF Fund, theoretically, can also be arbitrage, but the threshold of ETF purchase is very high, which can be said to be dedicated to local tyrants.Guoabong Stock
Pulling a list of ETF purchase amount thresholds and arranged in order, you can see that ETF with the smallest purchase amount is 100,000 yuan.
In fact, most ETF purchase thresholds are more than 1 million yuan, and there is no threshold for LOF fund purchase.3. How to discover the arbitrage opportunity of LOF
There is a LOF fund premium data in the combined record, which is relatively comprehensive and intuitive.
The figure below is a type of LOF fund premium data:
The figure below shows the premium rate of the LOF fund type A -share type:
The picture below is the premium rate of QDII funds in the European and American markets. Some of them are LOF types that can be arbitrage:
The picture below is the premium rate of the QDII fund in the Asian market. Some of the funds are LOF types that can be arbitrage:
The figure below is the premium rate of the LOF of the commodity category:
At 14: 30-15: 00 on each trading day, if the premium rate is above 5%, you can consider participating in arbitrage.4. How to carry out the simplest arbitrage
Generally speaking, arbitrage uses a certain treasure securities and a certain river securities.
I use a bit of a certain treasure securities every day. Below is an example of arbitrage (168105) as an example.
Step 1: Submission on the court
Through the above steps, the purchase of the off -site is completed.
Step 2: Sell on the field
The above (168105), T -day purchase, T+1 confirmed share, T+2 can be sold on the venue.
For example, if I subscribe in the frontcourt on Monday 15:00, the share will be confirmed after closing on Tuesday. Looking at the stock holding list on Tuesday night, you can see the successful purchase (168105).
After opening on Wednesday, it can be directly sold at the stock account to sell Jiu Tai Fu LOF (168105) in the stock account.
Through the above two steps, the arbitrage of low -priced purchase of LOF and selling LOF at high prices.
Note: (168105) The turnover is small, and it is not actually a good arbitrage type; just it confirms that it is early and facilitate my screenshot, so use it to demonstrate.5. What is a tractor account
When the LOF fund’s premium rate is very high, everyone knows that purchases on the market, on -site sale, and achieve arbitrage.
At this time, the amount purchased on the market is generally limited, and a single account will not allow you to purchase too much.
For example, the Indian Fund (164824) has a current premium rate of 6.20%. This premium rate is relatively high, and we will definitely go arbitrage.
The premium rate is so high. We must have the first idea to use a relatively large amount of funds to arbitrage. After all, if the price in the two days does not fall by 6%in two or three days, we will not lose money and the safety mats are thicker.
However, the current purchase limit of Indian Fund (164824) is 100 yuan.
The purchase of 100 yuan per day is calculated at 6%of the profit, and the profit is only 6 yuan per day.For most people, it is not interesting.Guoabong Wealth Management
At this time, you need to rely on the tractor account to show the power.
The subscription limit is 100 yuan, which refers to a single account limit of 100 yuan.
For our ordinary investors, we can have up to 3 deep A shareholders accounts and 3 fund accounts. These 6 accounts can be used to purchase LOF funds on the court.
We only need to bind the above 6 accounts and bind it to a certain treasure securities or a river securities. When purchasing, use the above 6 accounts to purchase at the same time, and we can increase the daily limit of 100 yuan to 600 yuan, and the daily income is 6 times more than 6 times the income of 6 times.Essence
Finally, one more thing, because each Shanghai market account can only be bound to one broker, so if you want to bind the six Shanghai market accounts to a certain treasure securities at the same time, you need to terminate the binding in the original broker, which is more troublesome.
Generally, we can only bind 6 deep -city accounts to the same securities dealer.Because of the same Shenzhen account, multiple brokers can be bound at the same time.After binding the Shenzhen account to a certain treasure securities, it does not affect the transaction of previous brokers.
At the same time, most of our arbitrage varieties are the Shenzhen LOF Fund. It is enough to bind the six Shenzhen accounts to the same brokerage.6. How to build a tractor account
The picture below is the account status of a certain treasure securities when not engaged in a tractor. There are only 2 deep -city accounts:
The following is the method of building a tractor account with a certain treasure securities:
Step 1: Click "My"-"Business Management"-"Shareholders’ Account Management"-"Transfer"-"Application":
Step 2: Check the Shenzhen A -share account and Shenzhen closed fund account, click "OK":
Step 3: Click "OK to transfer":
Step 4: After uploading the ID card, wait for the review results, you can see the success of 6 deep -city accounts that are bound to a certain treasure securities:
7. How to use a tractor account arbitrage
It has been introduced above that using a tractor account can increase the upper purchase limit.
For example, the Indian Fund (164824) currently has a daily purchase limit of 100 yuan. Through tractor accounts, you can purchase 600 yuan per day.
The method of using the tractor account arbitrage is almost the same as the method introduced in the above chapter 4. The only difference is that you can check all 6 account numbers when purchasing on the market:
A broker uses a broker, which is bound to 6 deep -city accounts after arbitrage, which is the "one -six dragging six" that we often say, which enlarge the arbitrage earnings 6 times.
In addition, everyone often says that there is a "one drag seven", which is to get the off -site account also in, but the funds purchased off -site are transferred to the field to sell, which is 2 days slower than the on -site purchase. At this time, the risk is enlarged.A lot of it, so "one drag and seven" is generally not used.8. How to view the LOF fund purchase limit
When our arbitrage LOF Fund, we must pay attention to how much the LOF fund purchase limit is.
For example, the Indian fund (164824) mentioned above, the daily purchase limit is 100 yuan recently.If each account is purchased more than 100 yuan, then the purchase of this account may be part of the transaction or the waste order.
If you purchase it excess, if it is directly abolished, the arbitrage will be invalidated.The best way is that each account is purchased at the upper limit of the purchase, which is the most secure.
So how to view the daily purchase limit of the LOF fund, I usually use more choice, which is more convenient to view:
If you look at it, you need to first look at the "purchase status" column in the figure. If the column is "suspended for purchases", there is a display of the amount of "suspension of large subscriptions", this LOF cannot be purchased.
If you do not have a good channel to view the currently purchased limit of the LOF fund, the easiest way is to directly call the customer service phone call for the customer service.Nine, arbitrage risk
Most people’s arbitrage, when I saw a high premium rate of a LOF fund, I started to pay attention to this LOF and start arbitrage.
This is also the bottomless warehouse, which is often referred to as the so -called "naked set". This arbitrage is risky.
For example, if you find that the Dolphin LOF fund premium rate reaches 5%on Monday, it is considered to have arbitrage value, then the process will be operated as follows:
To purchase in the frontcourt at 15:00 on Monday, your cost price is the net value of the time when closed on Monday. It is assumed that the net value of the day was 1.000 yuan, and the closing price on the day was 1.050 yuan.
If the share confirmation time of the Dolphin LOF Fund is T+2, the dolphin LOF purchased on Monday will be seen in the stock holding list after closing on Wednesday, and it can only be sold after opening on Thursday morning.
If the price of the dolphin LOF Fund fell more than 5%on Tuesday and Wednesday, then you will face a loss.
This is the risk of no bottom warehouse.10. What are the precautions for arbitrage
(1) Try to subscribe on the market as late as possible
To purchase on-site, try to between 14: 30-15: 00, so that the risk of arbitrage can be reduced.
For example, you see that the premium rate of the dolphin LOF at 10:00 in the morning is 6%. I feel that it can be arbitrage, and it is directly purchased on the court.
Then, at 14:00 in the afternoon, the price fell, and the premium rate fell only 2%. At this time, the arbitrage safety pad was very thin, and it was not suitable for arbitrage.
So try to observe the arbitrage opportunities at nearly 15:00, and confirm that there is a chance to purchase on the spot again, and the safe pads are thicker.
(2) The purchase rate on the market should be folded in one fold
Generally speaking, the arbitrage we do is premium arbitrage, that is, the price of the on -site price is greater than higher than the net worth.
The arbitrage process is all, buy in the first spot, and then sell it again.
There is a purchase fee for purchase on the market, such as the Indian Fund (164824) with a purchase fee of 1.2%.
If your securities firms are discounted on the off-site purchase fee, your investment income will directly increase by 1.2%-0.12%= 1.08%.
Therefore, if you are going to play arbitrage, be sure to confirm with your own securities firm to discount the purchase rate on the market.
If you do not discount, the purchase yield will directly decrease by 1.08%.
(3) There is no minimum of 5 yuan commission limit on the venue
I just said that the process of premium arbitrage is to purchase lof in the first place and sell LOF on the spot.
When selling on the court, if your securities firms have a minimum of 5 yuan commission restrictions, the profit of this arbitrage will directly reduce a nearly 5 yuan.
This also needs to confirm with your own securities firm that there is no LOF on the venue without a minimum of 5 yuan commission limit.
If you do not have such an account, you can reply to the "account opening" in the background to get the account opening channel.
(4) LOF fund turnover
In addition to looking at the premium rate, the turnover of the LOF fund also needs to be paid attention to, and the turnover determines the liquidity of the LOF fund.
For example, the above (168105), although the premium rate is high, but the turnover is too small and the liquidity is too poor. After the purchase is successful, it is not possible to sell a good price on the court, and it is not suitable for arbitrage.
(5) Pay attention to the confirmation time of the purchase share on the market
Different LOF funds, the confirmation time for purchases on the court is different.New Delhi Stock Exchange
For example, the Indian Fund (164824), it is purchased by T day, T+2 confirms the share, and T+3 days can be sold on the venue.
In other words, you purchase Indian Fund (164824) on Monday, and you can sell on the venue after the opening on Thursday. You need to bear the fluctuation risk of Tuesday and Wednesday.
Some LOF funds are purchased by T day, T+1 confirm the share, T+2 can be sold within the venue; only need to bear the risk of fluctuations of the day.
In a word, the earlier the share confirmation, the smaller the risk of arbitrage you bear.
If you do n’t know, it takes a few days to confirm the share of the LOF fund you want to arbitrage, and you can manually consult with the brokerage customer service.
(6) Pay attention to the upper limit of the amount purchased on the venue
If you want the LOF fund you want to arbitrage, there is an upper limit of the amount of purchase, then when you purchase, it is best to subscribe at the upper limit of the amount, otherwise it may be a waste order.
For example, the Indian Fund (164824) currently has a high premium rate, but its single account purchase limit is only 100 yuan.
If you subscribe for 1,000 yuan in a single account, it may be partial transactions or abandoned orders.This is related to the fund company and the securities company.
The way to fail to purchase is to purchase a single account based on the purchase limit. For example, the Indian Fund (164824) single account is only 100 yuan.
(7) Sell immediately after confirmation
Since the purchase of LOF is for arbitrage, after the equivalent shares are confirmed, it must be sold without hesitation.Eleven, quickly check the lof arbitrage opportunity
In the third chapter above, a method that everyone can use and observe the opportunity to observe the LOF arbitrage can be used.
That method is more troublesome for me. I hope to put all the data in the same place to check itJaipur Wealth Management. I only need to glance at a glance every day.
If you usually have your own tools, such as Choice, you can build a self -selected group named "LOF arbitrage" yourself. You only need to arrange the "water sticker rate" order daily, and you can view the LOF arbitrage opportunity of the day.
Before closing at 15:00 in the afternoon, just look at the three columns of water stickers, redeemed status, and turnover.
The water paste rate exceeds 5%, which means that there is room for arbitrage.
Most of the LOF worthy of arbitrage is the state of "suspending large purchase and opening to redemption".
If a LOF state is "open to purchase and open redemption", then the arbitrage space is flattened early.
In the figure above (501099), it seems that the premium rate of 3.64%also seems to be worthy of adventure to arbitrage, but seeing that it is "open purchase and open redemption", you know that participating in arbitrage will wait for you.
Take a closer look, it is only more than 20,000 yuan a day, and it is difficult to have a good price for selling on the court.
The turnover should be bigger. Otherwise, when the on -site is sold, the liquidity is very poor and the price cannot be sold.
From the above picture, it can also be clearly seen that the most worthy variety is the Indian Fund (164824).Twelve, write at the end
Recently, the most fragrant variety of everyone’s arbitrage is the Indian Fund (164824). The premium rate has always been high. Recently, it can continue to play, and the tractor can also be used.
In order to facilitate everyone to find this article in the future, I put this article in the background of the public account, and the "tractor" in the background can quickly obtain this article.
Ahmedabad Investment