Will the foundation be redeemed during the Chinese New Year?
If it is a money fund or a pure debt fund, redemption is generally not recommended. The risks of money funds and pure debt funds are very small and basically on the rise. Although the increase is not much, there is a great possibility of making money by holding it for a long time, and money funds and pure debt funds will make money every day. As long as the share is confirmed before the Spring Festival, they will also enjoy the benefits during the Spring Festival.
But if it is a high-risk fund type, such as hybrid fund, stock fund, index fund and QDII fund, it depends on the situation, because the high-risk fund type fluctuates greatly. If investors are optimistic, they can keep it. If the performance of the fund has been poor and losses continue, then redemption can also be considered.
Why can't the fund be redeemed during the Chinese New Year?
Because most fund redemptions can only be received after T+ 1 confirms the share, if the fund is redeemed during the Chinese New Year, it is a holiday period, not a trading day, so the share will not be confirmed and the fund will not be redeemed.
Therefore, it is necessary to arrange the fund plan reasonably before the Spring Festival. If you don't have enough money on you and need to take it out, you need to take it out before the Spring Festival. I hope the above content can help everyone ~