Since the price of crude oil fell to a negative value last year, many people want to bargain-hunting when they see that the price of crude oil is particularly low, but the data shows that nearly 60% of people can't make money at a loss. Do you think you can make money by buying now? How do you know the lowest price? Because when the price dropped to half of the usual price last year, some people thought they could bargain-hunting, but no one expected it to fall to a negative value, and then many people lost money. When it fell to a negative value, it gradually turned positive, affecting other funds, and the price fell, so many people poured into the crude oil buying market.
Because buying crude oil involves foreign exchange, this fund company may not have such high foreign exchange reserves or so much foreign exchange. How can I open a position? If you can't build a position, there is no point in absorbing funds. Just like a new fund, it usually has a opening period of 0~3 months after absorbing funds. At this time, its position will be gradually established, but of course you buy crude oil, but it doesn't have that much foreign exchange, so you can't buy it.
This is not a problem that we can solve these two days. Since last year, many people have invested in this project. If the fund company itself has 2 billion foreign exchange reserves. But in fact, you may not have a quota here, because now the capital market has 3 billion funds to absorb funds, and it can't buy things with foreign exchange. The amount of funds it can absorb is limited, and now it is almost full, so it can only wait.