What is a regular open bond fund?
Regular open-end fund is also a kind of open-end fund. Different from ordinary open-end funds, they are not free to buy and sell on any trading day, but open according to a fixed cycle. What is common in the market is once every three months and once every six months.
Most of the regular open-end funds in the market are bond funds. Through the design of regular opening, the fund scale can be kept relatively stable, which plays a great role in improving the expected annualized expected return of bond funds.
Advantages of regularly opening bond funds:
Regular open pure debt funds mainly invest in products with fixed expected annualized expected returns, and do not participate in new shares and issuance, nor directly buy stocks, warrants and other assets from the secondary market. There are 1 limited redemption applications every quarter and 1 free entry and exit every year, effectively resisting the three weaknesses of traditional closed-end or fixed-term open-end funds, such as poor liquidity, excessive capital inflow and dilution. "Short-term closed, long-term investment" model, taking into account liquidity and expected annualized expected return of portfolio. Historical data shows that the average performance level of closed debt base is higher than that of open debt base.
Regularly open the operation cycle of bond funds:
Although the debt base is opened regularly, the opening cycle of each family is different.
With the disclosure of Public Offering of Fund's financial report in the fourth quarter of 2022, the allocation direction of public offering assets surfaced, g