Public Offering of Fund usually goes through four stages: raising funds (generally no more than 3 months), putting on record for establishment (generally 2-3 days), closing positions (generally no more than 3 months) and opening subscription. Only after the fund is formally established can the fund manager use the raised funds to invest in stocks, bonds and other assets, and the net value of the fund will change.
The so-called subscription refers to the fund subscription during the fundraising period of the fund's initial offering of fund shares. It refers to the process of investors buying fund shares during the period of raising open-end funds, when the funds have not been established. Usually, the subscription price is the face value of the fund share (1 yuan/share) plus certain sales expenses. Buying after the raising period is fund subscription.
Compared with the subscription of the old fund, the subscription of the new fund generally has the characteristics of low rate and simple operation, attracting a large number of people's favor. After the subscription application is submitted successfully (the subscription application is submitted successfully and the funds are paid successfully), the subscription confirmation record can be inquired through the sales organization within 2 working days. Since the fund is probably still in the collection period after subscription and has not yet been established, the "fund share balance" will be displayed as 0. After the establishment of the fund, you can inquire about the subscribed fund shares.
The fund raising period is the golden period to understand the general situation of the fund. We can focus on the fund manager, fund type, fund raising period, supported bank cards and various rates through the prospectus issued by the new fund. The past investment style and performance of fund managers can be used as a great reference for choosing funds. Generally speaking, the style of fund managers is the same. Fund types should match their respective risk tolerance, and equity funds have higher returns and greater risks. The handling fee rate is also a major consideration, especially for large investors, preferential rates can save a lot of money.