This kind of fund can help the largest number of retail investors to participate in the expanding fixed income market and try to obtain excess returns. There are two sources of excess returns:
First, the price of participating in the fixed increase is discounted from the market price, generally around 20% off;
On the other hand, it is the choice of fixed shares. After all, the fixed increase often involves major changes in the fundamentals of listed companies, such as asset restructuring and acquisition. Generally speaking, it is helpful to improve the fundamentals and future profit prospects of listed companies. As a result, many institutions with fixed professional investment have emerged, and thus they have made huge profits.
After the recruitment period of the extended information fund is over, it will enter the closed period of the fund. During the closed period of the Fund, investors cannot purchase and redeem the Fund. In the later period of fund closure, the fund subscription is generally opened first, and the investment cannot be realized immediately. The fund closure period is generally not more than three months.
After the fund closure period, investors can buy and sell funds normally, that is, the duration of the fund. At this time, the fund subscription is called the fund subscription, and the fund price is different from the fund subscription, which is calculated according to the closing price of the day.
The duration of closed-end funds is at least 5 years, generally 10- 15 years. Closed-end funds can be extended after expiration. As long as the fund holders recognize the operation of the fund, the duration of the open-end fund can last for a long time.
Baidu encyclopedia-fund closure period