How many days is the term of closed-end fund not less than?
According to relevant regulations, the closed period of open-end funds shall not exceed 3 months, and the closed period of closed-end funds shall generally not exceed 5 years. As for the specific closed-end period of closed-end funds, it needs to be comprehensively considered, and it needs to be combined with the opening speed of funds, the issuance regulations, and the specific subscription. At present, most closed-end funds have a term of 1 year, 2 years or 3 years, and there are also closed-end funds with a term of 18 months and 5 years, but the number is small.
What's the difference with open-end funds?
1. From the full name of the fund,
Closed-end funds have the words "closed" or "regularly open", while open-end funds have no rules.
2. From the point of view of subscription
Closed-end funds cannot be purchased during the closed period, while open-end funds can be purchased at any time.
3. From the perspective of redemption
Closed-end funds cannot be redeemed during the closed period, while open-end funds can be redeemed at any time.
4. From the perspective of fund size.
The total share of closed-end funds remains unchanged during the closed-end period, while the total share of open-end funds changes every day.
5. From the closed period.
Most closed-end funds are 1 year, 2 years and 3 years, while open-end funds have no closed-end period.
6. Judging from the transaction price.
Closed-end funds are traded at the market price, which fluctuates in real time, while open-end funds are traded at the net value after the close of the day.
The above are some contents of closed-end funds, hoping to help you.