This uncertain and open-ended fund usually has an open period of three months, so it is closed for three months. If it is a closed-end fund, it depends on the fund announcement, ranging from one or two to three or five years. Specifically, see how the fund announcement stipulates. Each fund can choose its own closure period. Newly issued funds generally have a closed period, and the closed period of each fund varies with different fund types. The so-called fund closure period refers to the time when the fund manager cannot accept the subscription, redemption and other businesses within the time limit stipulated in the fund contract and prospectus at the initial stage of the establishment of an open-end fund.

Closed period is a period that open-end funds must go through, which can provide a relatively stable process for fund construction. After the closure period, newly issued funds can be bought and sold freely when they enter the application period. At present, the closure period of newly issued funds is relatively short, and the subscription/redemption will be opened in ten days at the earliest. It is worth noting that the length of the fund's closed period is not directly related to the fund's income, so the length of the closed period is not a reference standard for selecting fund products.

When does the fund closure period start? _ The fund closure period is calculated from the effective date of the fund contract. The fund closure period refers to the period when investors no longer accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective. According to the Measures for the Administration of the Operation of Securities Investment Funds, the closed period of the funds shall not exceed 3 months. After the establishment of the fund product, the product has already started to operate. Most of the income during this period is in the net value. The closed period of the fund publishes its net value once a week, usually on Friday night.

Why does the fund have a closed period: the so-called closed period of open-end funds refers to a period of time when investors no longer accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective. On the one hand, the closure period is set to facilitate the fund backstage (registration center) to make the best preparation for future subscription and redemption; It is worth noting that the length of the fund's closed period is not directly related to the fund's income, so the length of the closed period is not the basis for selecting fund products. On the other hand, the fund manager can complete the preliminary investment arrangement according to the situation of the securities market.

Operating environment apple 13ios 15.