Why can't I buy a crude oil fund? What happened? Recently, it has been discovered that the crude oil fund seems to be unavailable. Why? The following is a small series that crude oil funds can't buy, hoping to be the best answer to your questions.

Crude oil funds can't buy it.

A few months ago, many investors wanted to buy crude oil funds, but found that they could not buy them. This phenomenon has aroused widespread concern and doubt. Why can't I buy a crude oil fund? This is the problem to be discussed in this paper. 2. What is a crude oil fund? Before discussing in depth why you can't buy a crude oil fund, you need to know what a crude oil fund is first. Crude oil fund is a trading open-end fund with crude oil futures as the target, also known as ETF. This kind of fund tracks the fluctuation of crude oil price by holding crude oil futures or spot, so as to realize the investment in the change of crude oil market. Investors can purchase crude oil funds through securities companies, brokers or online brokers. 3. Purchase restrictions of crude oil funds The purchase restrictions of crude oil funds are one of the reasons why investors can't buy directly. The US Securities and Exchange Commission (SEC) issued a regulation that crude oil futures ETFs supervised by Commodity Futures Trading Commission (CFTC) must meet certain conditions before they can be issued and traded by suppliers. Among them, in order to prevent price manipulation, certain trading volume and opening interest rate must be met, and certain position restrictions must be observed. These restrictions are called "CFTC Rule 40-2". In addition, many brokers do not support the trading of crude oil futures ETFs because they do not want to bear the risks related to their trading. ?

Why can't crude oil funds be bought?

The reason why crude oil funds cannot be purchased may be because of QDII quota restrictions. QDII quota refers to the amount of funds invested in overseas markets by funds with overseas investment qualifications approved by SAFE.

Because the foreign exchange quota of the Southern Crude Oil Fund itself is limited. At present, the market price of crude oil is very low, and many people want to bargain for international crude oil. In such a big environment, many people buy funds, but I have very few things. Or further ensure that most people can subscribe for relevant funds, so this restriction will be introduced, only selling is allowed, not buying.

Why don't some funds let people buy them?

First of all, distinguish which fund,

Funds generally include closed-end funds and open-end funds.

Closed-end funds can be operated like stock trading and traded on stock exchanges.

Open-end funds can be purchased through banks, brokers and other trading channels, and some can also be purchased through stock exchanges (that is, lof funds and etf funds), or directly through the website of fund companies. However, most open-end funds can only be purchased directly through banks, brokers and websites, and it is more common to buy through banks.

You should be talking about open-end funds, which are sold directly through bank channels or brokerage channels or fund websites.

The reasons for not being able to buy it are: first, the closed and open period after the issuance period, and second, the subscription is suspended for some reasons, such as the scale is too large to prevent short-term arbitrage of some large funds.

Reasons why it can't be sold: most of them restrict purchases and rarely restrict redemption. If there is, it should be a large redemption, generally above 1 10,000, and then it cannot be redeemed during the closed period.

In addition, the fund website upgrade, banking system upgrade and other time can not be purchased and redeemed.