This logic is actually very simple. Southern crude oil fund itself belongs to qdli fund. When you subscribe for this kind of fund online, Manager Jin will change your money into dollars, and then use the dollars to buy related assets. If the South Crude Oil Fund runs out of dollars, it can't continue to exchange dollars, so it can't subscribe.
First, it is mainly due to the shortage of foreign exchange.
As I said above, the foreign exchange quota of the Southern Crude Oil Fund itself is limited. At present, the market price of crude oil is very low, and many people want to bargain for international crude oil. In such a big environment, many people buy funds, but I have very few things. Or further ensure that most people can subscribe for relevant funds, so this restriction will be introduced, only selling is allowed, not buying.
Second, such foundations are affected by the quota.
This can be called a common problem of this kind of disease at present. Are there so many people entering the market when the market is good? But if the market is close to the bottom, many people will come to bargain-hunting at this time. Too many people will affect the foreign exchange quota, because the foreign exchange quota is limited, so in this case, there will often be insufficient balance. Even if you can buy it in RMB now, there are not enough dollars to change into RMB.
Third, you can try to enter the market in advance.
In this case, if you are afraid of missing the market, you can enter the market in advance by means of fixed investment. Entering the market early may not get you the lowest price, but it can ensure that you have a certain position before the market rises. For those friends who have been put on the top of the mountain, there is no need to cut the meat out prematurely. The fluctuation of the crude oil market is indeed a bit big, but if you are willing to be patient, the time for unwinding will not be particularly long.
To sum up, it is mainly because the Southern Crude Oil Fund has no relevant US dollar quota, so it can only sell, not buy.