Fixed fund means that the fund is opened once at a fixed time. During the opening period, the fund can purchase and redeem at will. After the opening period, the fund entered a closed period. During the closed period, the Fund cannot purchase and redeem.
Advantages of fixed investment: 1, fixed investment enhances liquidity; 2. Fund funds can be fully utilized; 3. Avoid the risks brought by some stock market shocks. Disadvantages of fixed investment fund: 1, poor liquidity, only suitable for long-term investors; 2. There is little pressure on fund managers, which may lead to a decrease in fund returns.