Legal analysis: newly raised funds can be bought. But in general, it is not recommended to buy. Because if the market is expected to rise, then you should buy funds that are already listed, and buying funds that have just started to raise is risky. If the market is expected to fall, don't buy funds.

Legal basis: Article 50 of the Securities Investment Fund Law of People's Republic of China (PRC) has been registered by the State Council Securities Regulatory Authority. Without registration, it is not allowed to raise funds openly or in disguise.

The term "publicly raised funds" as mentioned in the preceding paragraph includes raising funds from unspecified objects, raising funds from a specific object with a total of more than 200 people, and other circumstances stipulated by laws and administrative regulations.

A publicly offered fund shall be managed by a fund manager and managed by a fund custodian.