At present, the fund is in a normal state, and subscription, conversion, redemption and fixed investment are all open.
After the open-end fund enters the normal operation period, the closed subscription is generally to protect the interests of the holders, and excessive subscription leads to capital inflow, which is not conducive to the smooth operation of the fund. Affect the performance of the fund and increase the difficulty of management.
¡ª¡ªAfterword to Li Yinuo's "Where Does Power Come From"