Can closed-end funds be listed and traded?
Closed-end funds can be listed or not, and the listing and trading of closed-end funds is not mandatory. You can go public instead of having to go public. If the closed-end fund is listed and traded, the holder can choose to sell it after listing. If it is not listed, a regular open day will be set up to provide investors with centralized purchase and redemption.
Closed-end funds will have a long closed period. After their establishment, they may not accept new shares and share offerings for a period of time before the new round of opening up. When it is open, you can decide how much you want to provide or how much you want to invest again. Newcomers can also buy shares at this time.
Closed-end funds must meet these conditions to be listed and traded: 1. The raising of funds conforms to the provisions of the Securities Investment Fund Law. 2. The term of the fund contract is more than 5 years. 3. The amount raised by the fund shall not be less than 200 million yuan. 4. The number of fund share holders shall not be less than 1000. 5. Other conditions stipulated in the rules for listing and trading of fund shares.
After reading the above introduction, I hope you have a deeper understanding of closed-end funds and a clear answer to the question of whether closed-end funds can be listed and traded. If you want to buy a closed-end fund, you must look at its closed-end period to avoid being trapped after buying it and affecting the capital turnover.