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What does the duration of the fund mean?
Fund duration generally refers to closed-end funds.

The duration of closed-end funds approved by China Securities Regulatory Commission shall not be less than 5 years. Closed-end funds have a certain term. After the maturity, investors can share the corresponding remaining assets according to their shares, or realize them in the trading market during the closed period. Please follow the prospectus of the fund you purchased for details.