Public offering of REITs is a hot spot in China fund market recently, but it has been listed abroad for a long time. After the listing of the first batch of domestic public offering REITs, it caused everyone to snap up, but many people still don't know much about public offering REITs. I don't know what kind of fund it is. Is it a closed-end fund?

Is public offering REITs a closed-end fund?

It is a closed-end fund. The full name of REITs is Real Estate Trust and Investment Fund, which is a kind of fund that invests in the real estate industry. Divided into public offering REITs and private offering REITs, public offering REITs are closed-end funds, and public offering REITs are closed for a long time, and some public offering REITs are closed for 99 years.

REITs funds cannot be traded during the closed period, that is to say, the funds cannot be redeemed and operated without maturity holders. If the midway holder does not want to continue holding, he can also transfer to the secondary market in the infield for trading.

Although it is a closed-end fund, public offering REITs will be listed and traded on Shanghai Stock Exchange or Shenzhen Stock Exchange after issuance, and there may be discount premium risk in closed-end fund transactions, so investors need to pay special attention. According to the rules, in order to improve the liquidity of the secondary market, the price of publicly offered REITs is adjusted to 30% on the first day of listing, and the price is maintained at 10% on subsequent trading days.

After reading the above introduction, I believe you have a deeper understanding of whether public offering REITs are closed-end funds. REITs is a new type of investment between stocks and bonds, which has the characteristics of medium risk, good liquidity and stable income. For investors, you can try, but don't invest enthusiastically. After all, it is a fresh product of China fund market.