2. The holding of a fund for seven days means that the natural number of days between fund trading reaches seven days, including weekends and various legal holidays. Specifically, it is calculated as the first day of holding from the fund confirmation date, and from the next day to the natural day before the fund redemption confirmation date. It should be noted that the holding date of the fund includes a natural day, but the fund confirmation date is only a trading day, not a natural day. For example, if investors buy funds before 10 (Thursday) 1 14 and 15:00, the fund confirmation date is 10 (Friday) 1 15, that is. If the investor applies to redeem the fund before165438+1October 2 1 day (Thursday) 15:00, the confirmation date of fund redemption is165438+1October 22 (October 22). That is, 1 65438+1October 2 1 (Thursday) is the last1day held by this fund. From 165438+1October15-65438+1October 2 1, the investor * * * holds the fund for 7 days, including weekends (16,/kloc).
The difference between open-end fund and closed-end fund
1) The variability of fund size is different. Closed-end funds have a definite duration (in China, the duration is not less than 5 years), during which the issued fund shares cannot be redeemed. Although this kind of fund can be raised under special circumstances, it must meet strict legal conditions. So in general, the size of the fund is fixed.
2) There are different ways to buy and sell fund shares. When a closed-end fund is initiated, investors can subscribe to the fund management company or sales organization; When closed-end funds are listed and traded, investors can entrust brokers to buy and sell at market prices on the stock exchange.
3) The buying price and selling price of fund units are formed in different ways. Because closed-end funds are listed on the exchange, their buying and selling prices are greatly influenced by the relationship between market supply and demand. When the market supply is less than the demand, the buying and selling price of the fund unit may be higher than the net asset value of each fund unit, and then the fund assets owned by investors will increase; When the market supply exceeds demand, the fund price may be lower than the net asset value of each fund unit. The transaction price of open-end funds is calculated based on the net asset value of the fund unit, which can directly reflect the level of the net asset value of the fund unit.
4) The investment strategies of funds are different. Since closed-end funds cannot be redeemed at any time, all the funds raised can be used for investment, so that fund management companies can formulate long-term investment strategies and achieve long-term business performance. Open-end funds, on the other hand, must keep some cash for investors to redeem at any time, but not all of them are used for long-term investment, and generally invest in assets with strong liquidity.