What's the difference between locked-in funds and open-end funds?
1 Different operation methods: there will be a closed period after the locked fund is bought, during which the fund can neither buy nor sell; Open-end funds can be bought and sold at any time, with no closed term, which is very flexible and free.
2 different liquidity: the liquidity of locked-in funds is relatively poor, because investors can't trade any funds during the closed period; The liquidity of open-end funds is very good, and investors can trade at any time.
3 Different scales: Basically, the scale of the locked-in fund will not change. As long as the closure period has not expired, what is the size of the fund before the closure period, and it is still the same before the end of the closure period; In the case of open-end funds, the size of the fund is constantly changing, and the popularity of the fund may be higher.
4 Different fund net value: the fund net value of locked funds is basically updated by irregular fund companies, and the change of fund net value will not be seen every day; The net value of open-end funds will be updated in time every night, so investors can clearly understand the net value of funds.
Lock-in funds and closed-end funds can be said to be two diametrically opposite funds, but their trading systems and trading hours are the same. Lock-in funds and open-end funds are implemented on a t+ 1 day basis, with trading hours from Monday to Friday and no trading on weekends and holidays.