It's good. Many closed-end funds are usually sold in the secondary market, and we can trade these closed-end funds through stock trading and other operations. Generally speaking, the trading time, trading principle, increase, entrusting company and stock of closed-end funds are basically the same, which really facilitates us.
Why can closed-end funds operate in the secondary market when they are closed? For example, there is a process of issuing new shares before a company goes public. We paid cash at that time and got shares in the company. After listing, the company can freely circulate shares. Among them, the new shares of the company are fund shares of closed-end funds, and we are circulating fund shares. The shareholders issued by listed companies remain unchanged, and the share of closed-end funds remains unchanged.
However, it should be noted that the minimum change unit of the fund's declared price is 100 or an integer multiple, and the maximum number is below1000, which is somewhat similar to the stock quotation. However, the transaction commission of closed-end funds is different, and 5 yuan is less than 0.25% of the transaction amount. Securities companies charge investors and registered companies 0.05% of the face value of the transaction.
Generally speaking, the closed period of closed-end funds can only be traded in the secondary market and cannot be repurchased online.