The compulsory education “double reduction” document was released, K12 went off instantly, listed education stocks plummeted, and education ETF became the worst ETF fund in history. This education ETF was established on June 8 this year, and its net value was only 0.6053 yuan on July 23.Compared with the previous trading day, the net value plummeted by 24.59%, which exceeded the 22.2% single-day drop when the crude oil fund plummeted last year, setting a single-day plunge record!
The net value of the fund can drop to the point of taste in one step, but the maximum single-day drop of ETF funds is limited to 10%. Therefore, even if the limit for two consecutive days is lowered, the premium on the education ETF is still high. The subsequent decline is a high probability event.
Education ETF has also issued an announcement to remind investors of risks: The reference net value of fund shares has fallen by more than 10% compared to July 22, and the transaction price of the secondary market will have a large premium, and the net value may face large fluctuations in the future, remind investors to pay attention to risks .
From the perspective of the holders of education ETFs, there are more individual investors, accounting for 56.7%, and institutional investors accounting for 43.3%.
Recently, the “Opinions on Further Reducing the Work Burden of Students in Compulsory Education and the Burden of Off-campus Training”, also known as the “double reduction” document, was released, and stocks related to off-campus training and education were avalanche-Good Future fell 70%, Gaotu Group fell 63%, New Oriental Fell 54%.
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