When an investor places money in a fund, the investor buys investment units. The number of investment units is obtained by dividing the investment (less the purchase-of-investment-unit fee) by the value of the investment unit on the day of payment.
Based on the number of investment units, any investor can calculate the value of investment in the fund as a product of the daily value of investment units and the number of units the investor holds.
When investors wish to withdraw their investments from a fund, they can do so by selling their investment units to the fund. The money paid equals the product of the number of investment units and their value on that day, less the redemption fee (maximum 1%).
Based on the number of investment units, any investor can calculate the value of investment in the fund as a product of the daily value of investment units and the number of units the investor holds.
When investors wish to withdraw their investments from a fund, they can do so by selling their investment units to the fund. The money paid equals the product of the number of investment units and their value on that day, less the redemption fee (maximum 1%).