Fixed open fund combines the characteristics of closed-end fund and open-end fund, and adopts the cross-operation mode of closed-end operation and open-end operation. The subscription and redemption of funds can not be carried out in the closed period, but only in the fixed open period. If you miss this opening period, you will have to wait for the next opening period.
There are two kinds of fixed-term funds, one is unlisted fixed-term funds, and the other is listed fixed-term funds. The former does not circulate at all during the closed period, and the latter can be listed and traded if it is listed on the exchange. However, on-site transactions must be transferred to the venue first, and generally need to be handled at the sales department of the securities company.
What are the advantages of fixed investment funds?
For us investors, the most important function is to help us stop it and limit the behavior of intraday trading. In the current volatile market, it is very important to avoid chasing up and down. Fund investment is to see more and move less.
Another advantage of fixed investment fund is that it is conducive to fund managers to implement long-term investment strategies and improve fund returns.
Because in the closed period, the fund is not allowed to purchase and redeem, the fund share will be very stable, and it will be very convenient for the fund manager to implement the investment strategy, which is not affected by the change of the fund share.
It should be noted that the fixed investment fund needs to sacrifice some liquidity. If you want to invest in a fixed investment fund, you must plan the funds in advance.