This compliance, because it has been stated in the prospectus, the fund manager can end the fundraising in advance or later according to the fundraising situation, and the longest fundraising period is three months. All funds will have this rule. It's just that we generally don't read dozens or even hundreds of pages of fund prospectus. Xinhua really didn't provide many channels for me to know the detailed information of the fund, and there was little information on the platform for lucky treasure.
Now the fund has not been established. Of course, if it cannot be redeemed, even if it is established, it will not be redeemed until it expires (18 months). This is stipulated in the fund contract. There is no way. When you bought it, it was written in the agreement you wanted to see but didn't see. If you accept it, you must accept it. If you don't accept it, you can only complain to the CSRC and seek a refund by misleading false sales. But this is basically impossible.
I sympathize with your experience, but I can only remind you that you must be cautious when buying funds in the future, and don't buy them so easily, especially products with closed periods!
If you don't understand, sincerely welcome questions; If I am lucky enough to help you, please adopt in time! thank you