The new fund issuance meeting will generally go through the collection period (subscription period), capital verification period, fund establishment period, closed period and open period. After it is officially opened, it can be purchased and redeemed like other ordinary open-end funds.

The subscription period is the collection before the establishment of the fund. Generally, this stage is a dollar, and some fees will be charged; The subscription period generally does not exceed 1 month. During this period, the net value of the fund remains unchanged, but the current interest is calculated. Generally speaking, if the fund is not particularly popular, it may reach the upper limit of the subscription period, and it will be enough to wait until the last day or two of the subscription period.

After the subscription period is over, there will be a few days for capital verification, and when the conditions are met, it will be formally established, and then it will enter a closed period of no more than three months. At present, most funds will be closed for about a month. After opening, you can purchase, redeem and convert.