Closed-end funds cannot be redeemed in advance, and they can neither be purchased nor redeemed during the closed period. During the closed period, the subscription and redemption of closed-end funds are in a closed state. Funds within the closed period can only be redeemed after the expiration of the closed period, and investors cannot redeem fund shares from the issuing fund institutions.

1. At present, closed-end funds cannot be opened before the deadline, and there is no way to redeem them in advance. If the foundation is traded in the market, it can transfer its share to the market and sell it. Investors can transfer off-exchange funds to on-exchange transactions through discount transactions. According to the standard of investment market, if you want to sell the fund in advance, you need to sell it through a unified trading platform, that is, the stock exchange.

2. Generally speaking, closed-end funds cannot be redeemed in advance, but it does not affect the trading of the exchange. If investors want to handle closed-end fund transactions, they need to open their own securities and stock accounts for closed-end fund transactions in the secondary market.

1. Fund, in English, refers to a certain amount of funds established for a certain purpose in a broad sense. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.

Two, according to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investors, it can be divided into bond funds, stock funds, money funds and hybrid funds.