No more than three months. The closed period of the fund shall not exceed three months. On the one hand, the closure period is set to facilitate the fund backstage to make the best preparation for future purchase and redemption; On the other hand, the fund manager can complete the preliminary investment arrangement according to the situation of the securities market.
A newly issued fund generally has a closed period, and the closed period of each fund varies with different fund types. The so-called fund closure period refers to the time when the fund manager cannot accept the subscription, redemption and other businesses within the time limit stipulated in the fund contract and prospectus at the initial stage of the establishment of an open-end fund. Closed period is a period that open-end funds must go through, which can provide a relatively stable opening process for funds. After the closure period, the new fund will enter the subscription period, at which time it can be bought and sold freely. The closure period of the new fund shall not exceed 3 months. As for the specific time of the closure period, it depends on the manager's comprehensive consideration of the market, the speed of opening positions and the initial scale. At present, the closure period of newly issued funds is relatively short, and the subscription/redemption will be opened in ten days at the earliest. It is worth noting that the length of the fund's closed period is not directly related to the fund's income, so the length of the closed period is not a reference standard for selecting fund products.
：
When does the fund closure period start?
The fund closure period starts from the effective date of the fund contract. The fund closure period refers to the period when investors no longer accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective. According to the Measures for the Administration of the Operation of Securities Investment Funds, the closed period of the funds shall not exceed 3 months. After the establishment of the fund products, the products have started to operate, and most of the income during this period is in the net value. The closed period of the fund publishes its net value once a week, usually on Friday night.
Why does the fund have a closed period?
The so-called closed period of open-end fund refers to a period of time when investors do not accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective. On the one hand, the closure period is set to facilitate the fund backstage (registration center) to make the best preparation for future subscription and redemption; On the other hand, the fund manager can complete the preliminary investment arrangement according to the situation of the securities market.