Initial fund refers to the fund issued for the first time. After the initial fund investors subscribe, there will generally be a three-month closed period, which is the open period of the fund manager. During the opening period, fund companies do not accept investors' demand for subscription and redemption. Advantages of initial fund.

1, the initial funds are flexible, and the positions can be changed in time in case of market decline.

2. In order to complete the scale of raising as soon as possible, the initial fund may give preferential treatment to the handling fee of the new fund.

3. In order to improve their ranking, the fund manager of the initial fund earned a relatively high income in previous years.