Fund opening refers to the first time that a fund company purchases stocks or investment bonds with a new fund after its announcement (the specific investment depends on the type and positioning of the fund). For private investors, such as ourselves, opening a position means buying a fund for the first time.
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The whole process of futures trading can be summarized as opening positions, holding positions, closing positions or physical delivery. Buying and selling a futures contract in the futures market is equivalent to signing a forward delivery contract. If traders keep futures contracts until the end of the last trading day, they must settle futures transactions by physical delivery or cash settlement.
However, only a few people make physical delivery, and most speculators and hedgers generally choose to sell their futures contracts or buy back their futures contracts before the end of the last trading day. That is to say, the original futures contract is written off by a futures transaction with the same amount and opposite direction, thus ending the futures transaction and relieving the obligation of physical delivery at maturity.
Baidu encyclopedia-fund jiancang
Baidu Encyclopedia-Jiancang