1. Closed-end wealth management products cannot be redeemed in advance, but in order to solve the problem that some investors need to withdraw funds in advance, many companies have introduced the function of "wealth management transfer", so investors can transfer unexpired products to others, so that they can withdraw funds in advance. At present, banks or securities companies generally have the function of transferring money in financial management. If there is no transfer function, they can only withdraw funds in advance by holding them at maturity.
2. If you buy a closed-end fund for wealth management, although the product can't be taken out in advance before it expires, some funds can be transferred to the secondary market for trading, and investors only need to go through the formalities of transferring custody on the platform they buy. Tip: Before transferring custody, investors need a stock account, and they should ask the seat number of the account opening broker in the exchange. When transferring custody, they need to fill in the seat number.
What is a closed-end wealth management product?
The so-called closed-end wealth management product means that the wealth management product cannot be redeemed in advance before the fixed redemption date or product expiration date announced in the product manual. Common closed-end wealth management products include closed-end bank wealth management products, that is, the purchase and redemption are only developed within a fixed period of time. In addition, the common type of closed-end wealth management products is closed-end fund products, and the definition of this closed-end fund is mainly compared with open-end fund products. We know that open-end funds can be purchased and redeemed in real time, such as common money fund products and Yu 'ebao, which are all open-end fund products.
What is the difference between closed-end wealth management products and open-end wealth management products?
Financial management is divided into open financial management and closed financial management. The specific differences are as follows:
1. Generally, open-ended wealth management can be purchased and redeemed on weekdays (usually from 9: 00 am to 3: 00 pm from Monday to Friday), and closed-ended wealth management is generally not allowed to be redeemed during its existence, except for special closed-ended wealth management.
2. Open-ended financial management generally has no duration, that is, there is no duration, and you can purchase and redeem it on working days. Closed-end financial management generally has a specific duration, and it will not arrive until the duration expires.
3. The income of open financing is generally lower than that of closed financing, but the current interest rate trend is not far behind.
4. Generally speaking, open-ended financial management has no collection period and payment period, while closed-ended financial management generally has collection period and payment period, that is, closed-ended financial management generally has a unified income calculation date, rather than immediate purchase.
So to sum up, if you need to use funds flexibly at any time, you can choose open financing, and if you don't use funds for a period of time, you can choose closed financing. But no matter what you choose, you must make it clear that financial management is not a deposit, and investment needs to be cautious.