Our most common closed-end wealth management products include closed-end bank wealth management products, which means that products that can be purchased and redeemed can only be developed within a fixed period of time.
Supplementary information:
1. Closed-end wealth management products have relatively high returns and poor liquidity, and cannot be redeemed in advance or have relevant restrictions on early redemption.
2. Open wealth management products refer to wealth management products that can be redeemed at any time and have good liquidity. Difference from closed-end wealth management products:
3. Compared with closed-end wealth management products, open-end wealth management products have lower income, but better liquidity and can be redeemed in advance.
4. If the user's funds need to be used frequently, it is recommended to buy open-ended wealth management products, because the cycle is short and the money can be redeemed in time when needed.
Extended data:
I. Closed-end wealth management products
Refers to the fixed redemption date announced in the product manual or before the expiration date of the product, the wealth management product cannot be redeemed in advance. Common closed-end wealth management products include closed-end bank wealth management products, that is, the purchase and redemption are only developed within a fixed period of time. In addition, the common type of closed-end wealth management products is closed-end fund products, and the definition of this closed-end fund is mainly compared with open-end fund products.
Second, the difference between closed-end financial products and open-end financial products.
1, the income is different.
Generally speaking, closed-end wealth management products have relatively high returns and cannot be redeemed in advance or redeemed in advance. However, the fixed investment rules of open financial management are simple, and the fixed investment amount can be operated if it meets the increasing integer multiple. There is no limit on the time and frequency of fixed investment within working days, but the yield is lower than that of closed-end wealth management products.
2. The liquidity of funds is different.
Compared with closed-end wealth management products, open-end wealth management products have lower income, and the biggest advantage is better liquidity of funds, which can be redeemed in advance and is more convenient for temporary capital demand. However, closed-end wealth management products cannot use wealth management funds during the product duration.
3. The cycle is different.
If the funds need to be used frequently, it is recommended to buy open-ended wealth management products, because the cycle is short and you can redeem the money in time when you need it. If it is not redeemed, open-ended wealth management products are generally purchased automatically. If you have a sum of money to invest in within a certain period of time, you can buy a fixed-term wealth management product.