In the bull market, the old funds can always maintain certain operations, carry out relatively mature operations, and enjoy the dividends brought by the bull market relatively quickly. For the new fund, it is necessary to gradually lighten the position. At first, the stock position is not very high, so the performance increase will be limited.
In a bear market or volatile market, correspondingly, new funds will be less affected by the market decline because of their cautious positions, and the old funds will fluctuate more, especially the stock funds that must maintain more than 80% stock positions.
In terms of information disclosure, since the old fund has been in operation for some time, all kinds of data are relatively sufficient and its historical performance is relatively complete. Through this information, the citizens can fully explore the possibility of whether the old fund can invest. Since the new fund has not yet entered the formal operation, the information that can be referenced is very effective and there are more uncertainties in the future.
Another is the liquidity of funds, and the liquidity of new funds and old funds is very different.
The old fund can freely apply for redemption every trading day. For citizens who have strict requirements for short-term liquidity, the old fund is a more suitable choice. After the new fund is successfully raised, it will enter a closed and open period, which generally will not exceed three months. This period is also the opening period of the new fund. Generally, it takes/kloc-0 to 2 weeks for a new fund to open a position quickly, and it takes 3 to 4 months for Man Cang. You can't buy or sell during this period.