1, the fund is in a closed period.
The establishment of a new fund generally goes through three stages: raising period, closing period and duration. The raising period can also be understood as the issuance period of the fund, ranging from 1 to 3 months. During this period, investors can subscribe for fund shares. If the subscription reaches the number of shares issued, then the fund company will choose to end the raising period ahead of schedule and enter the closed period.
The closure period is generally within 3 months, and investors can neither purchase nor redeem during the closure period. Although some foundations are open for subscription in the later period of the closed period, they are generally not open for redemption. After the end of the raising period, normal subscription and redemption can be carried out after entering the duration.
Therefore, if investors find that the new fund they subscribed for cannot be redeemed, they can confirm whether the fund is in the raising period.
2. Regular open-end funds
Fixed-term open-end funds have closed periods with different lengths. After the closed period, there will be an open period, during which subscription and redemption are allowed, but after the open period expires, it will enter a new closed period, and so on. Therefore, the time for redeeming fixed-term open-end funds is limited.
3. Special circumstances of fund companies
Fund companies may not support fund redemption in the short term due to special arrangements, but this situation is relatively rare and will generally be announced in advance through the official platform.
Fund investment funds are managed by third-party banks, not by fund companies. Even if the fund company goes bankrupt, the investment funds will not be used for other purposes. The above content about how the fund can't be redeemed, I hope it will help you. Warm reminder, financial management is risky and investment needs to be cautious.