The held product quota has been sold out means that the product has been sold out. At this time, the user can only purchase other products or wait until the next time the product is released.

For example, if a fund is issued and the amount raised is 500 million yuan, when the financial management fund reaches 500 million yuan, the fund raising will stop, and it will be displayed as sold out.

The held products will continue to generate income, but positions cannot be added and other investors cannot purchase them.

Closed-end funds are trust funds, which refer to investment funds whose fund size is determined before issuance, remains fixed within a specified period after issuance, and is traded on the securities market.

Since closed-end funds are traded on the stock exchange through bidding, the transaction price is affected by market supply and demand and does not necessarily reflect the net asset value of the fund. That is, the transaction price of closed-end funds is at a premium relative to its net asset value.

, discount phenomenon.

The practice of foreign closed-end funds shows that their transaction prices often fluctuate with price fluctuations of first premium and then discount.

Judging from the operation of my country's closed-end funds, no matter how the fundamental situation changes, the trading price trend of my country's closed-end funds has never been able to break away from the price fluctuation pattern of first premium and then discount.

Open-end funds refer to investment funds whose fund size is not fixed but can issue new shares or be redeemed by investors at any time based on market supply and demand.

Open-end funds were not listed and traded on exchanges before 2004. They were generally purchased and redeemed through banks and other agency agencies or direct sales centers. After 2004, my country innovated the operation of open-end funds and allowed some open-end funds to be listed on stock exchanges. Trading, such open-end funds are called listed open-end funds (LOF).

The size of the fund is not fixed, and fund units can be sold to investors at any time or bought back at the request of investors; there is no duration and can theoretically exist forever; the price is determined by the net asset value.

Closed-end funds have a fixed duration, during which the fund size is fixed. They are generally listed and traded on stock exchanges, and investors buy and sell fund units through the secondary market; they are not allowed to accept new shares or withdraw shares for a period of time until the new fund is established.

A round of opening. When it is open, you can decide how much you propose or reinvest. Newcomers can also invest in shares at this time; the general opening time is 1 week and the closing time is 1 year; the price is determined by supply and demand, and the net value of the fund will affect the fund.

Price, but the two are not unified. Usually closed-end funds trade at a discount.