Closed-end funds can also be called closed-end funds, or closed-end funds. Refers to the fund whose total approved fund shares are fixed during the term of the fund contract, and the fund shares can be traded on the legally established stock exchange, but the fund share holders are not allowed to apply for redemption. Moreover, when the fund sponsors set up the fund, they restricted the total amount of fund shares issued. After the total amount is raised, the fund can be declared closed and will not accept new investments for a certain period of time. So how do closed-end funds buy and sell?

In fact, closed-end funds belong to trust funds, which refer to the types of funds whose scale has been determined before issuance, fixed within a specified period after issuance and traded in the securities market.

Because the share of closed-end funds is fixed after their establishment, investors who want to invest in closed-end funds can only buy and sell stocks on the securities trading platform. The specific operation steps are as follows:

1. Open a fund trading account

It's the same as buying and selling stocks. The first step in buying and selling closed-end funds is to open an account in the securities business department, including fund accounts and capital accounts. The fund account is also a margin account. When opening a business, you need to bring your ID card and the bank card designated by the securities company.

For example, for investors who already have stock accounts, there is no need to open another fund account. The original stock account can be used to buy and sell closed-end funds, but the fund account can not be used to buy and sell stocks, but can only be used to buy and sell funds and government bonds;

Step 2 transfer funds

Before buying a closed-end fund, I want to transfer the money in my bank account to my fund account in a securities company.

3. Trading funds

The trading of closed-end funds is the same as that of stocks. Just enter the corresponding code, price and quantity in the trading system.