Can I buy Alipay 18 closed-end fund?
1August closed-end fund in Alipay is a special category between open-end fund and closed-end fund. Such funds have a fixed opening period and a closed period, and the closed period and the open period rotate. Different funds have different closed markets, some as short as one month and some as long as five years.
During the closed period, investors can't make purchases and redemptions, but can only make operations on the fixed date of opening purchases and redemptions. The foundation will predict the opening period of the fund in advance.
This special open-end fund has its unique advantages, both the long-term investment of closed-end funds and the liquidity of open-end funds.
Fixed closure period reduces daily trading, helping investors overcome chasing up and down,
Because most investors like short-term operation, chasing up and down, intraday trading is an important reason for the poor income experience of fund investors. Chasing up and down will greatly affect the investment income of the fund.
The fixed closure period of such funds is conducive to forcing investors to invest in the fund for a long time, reducing the number of transactions and improving the fund's income.
Higher stability is conducive to the better operation of fund managers.
Because this kind of fund has a fixed closed period, it can reduce the influence of frequent subscription and redemption of the basic people on the stability of the fund share, and the fund manager does not need to consider the pressure brought by the redemption of the basic people.
Long-term holding can effectively improve the probability of winning value investment. The closeness of the fund can make the fund manager focus on investment, choose high-quality investment targets, and improve the probability of winning the bid through medium and long-term holding.
When the operation of fund managers is more stable, the stability of funds will be higher and investors will have a better investment experience.
Of course, this kind of fund also has some shortcomings. First of all, the liquidity is relatively poor. The longer the fund is closed, the worse the liquidity. If you continue to use money on the way to investment, the fund cannot be redeemed in time.
Alipay/KLOC-closed fund income in October/August
Compared with other similar ordinary open-end funds, this kind of funds have higher expected returns, and may get higher expected returns because of sacrificing some liquidity.
Fixed-term funds bring investors long-term expected returns, which is more suitable for investors who pursue stable expected returns and invest with long-term idle funds.
/kloc-Can I get a refund for a closed fund of 0/8 months?
If the fund cannot be redeemed in the closed period, that is, the operation of selling, there is naturally no problem of returning to the capital, and it can only be operated in the fixed open period.