What is an open-end fund?
Open-end fund is a kind of fund whose total share is not fixed, but increases or decreases at any time. Since open-end funds are not listed on the stock exchange, investors can only buy and sell fund shares through fund companies or their entrusted institutions, that is, subscribe, purchase or redeem fund shares. Therefore, the size of the fund will also change with the purchase or redemption of investors, and the total number of fund shares will also increase or decrease.
How many years does the open-end fund last?
For open-end funds, there is no fixed duration. After the fund is established, it can exist indefinitely. Although the open-end fund has no fixed term, when the fund contract is terminated, the open-end fund must be liquidated in accordance with laws and regulations and the provisions of the fund contract. In this case, the fund ceased to operate.
Therefore, open-end funds also have a duration, which is called duration. However, this period is not fixed and can be indefinite. This entry was created and edited to discuss the duration of open-end funds. The following gives a strict definition of the duration of open-end funds.
How many years does a closed-end fund last?
Closed-end funds usually have a fixed duration. The duration of closed-end funds in the market is 10 or 15 years, and the state stipulates that it is at least 5 years.