Can funds be bought and sold at any time? Can the newly bought fund be resold? I believe many people who have just come into contact with the fund must have doubts about this, so Bian Xiao sorted out what the open-end fund means, hoping to help everyone.
What exactly does an open-end fund mean?
Open-end fund is an investment fund composed of multiple investors. The basic concept of open-end fund is that investors can buy or redeem fund shares at any time, and the price of fund shares is linked to the net asset value of the fund.
Specifically, the operation mode of open-end funds is to pool investors' funds, which are managed and invested by professional fund managers. A fund's portfolio usually includes many different types of assets, such as stocks, bonds and money market instruments. Investors can buy shares of open-end funds, and each share represents the investor's equity share in the fund.
What are the advantages of open-end funds?
High liquidity: Open-end funds can purchase or redeem shares at any time, and investors can flexibly adjust their investments according to their own needs. This high liquidity enables investors to obtain funds or redistribute funds at any time.
Diversification of investment risks: the portfolio of open-end funds usually contains many different types of assets, which can help investors diversify their portfolios. Diversification helps to reduce risk, because different assets may behave differently.
Professional management: Open-end funds are managed and invested by professional fund managers, who have professional financial knowledge and experience and can better grasp market opportunities. Investors can benefit from the investment decision-making ability of professional managers.
Transparency and information disclosure: Open Foundation regularly publishes the net value and investment portfolio of the fund, so that investors can know the operation and investment of the fund. This transparency and information disclosure enable investors to better evaluate the risks and benefits of funds.
Open-end fund purchase time
1. The subscription time of open-end funds is:
1. Buy at the counter of the bank and the counter of the business department of the government securities company; 9:30 am to 165438+ 0: 30 pm:1:00;
2. Subscription can be made on the websites of bank online banking and fund management companies for 24 hours. Only when the subscription is made before three o'clock in the afternoon (that is, 15), the fund share will be calculated according to the net value announced on the same day, and if the subscription is made after three o'clock (that is, 15), the fund share will be calculated according to the net value announced the next day.
Can funds be bought and sold at any time?
Open-end funds can be bought and sold at any time during normal trading hours, but closed-end funds can't, and there are prescribed trading hours. The same fund cannot be traded on the same day, nor can it be traded outside trading hours. Trading hours are: Monday to Friday, 9: 30 am-11:30 pm-1: 00-3: 00 pm, except legal public holidays.
The share of open-end funds changes at any time, but the share of closed-end funds is fixed, and it will be gone after the subscription.
When does the subscription time for buying funds every day start?
The subscription time of this fund is from 9: 30 am to 15: 00 am, and the deadline is from 0:30 am to 13:00 am.
Fund trading time refers to the time period during which open-end funds accept subscription, conversion, redemption or other transactions. The trading hours of funds are the trading hours of stocks, from 9: 30 am to 3: 00 pm every day. Funds that apply for trading during non-trading hours are traded at the closing price of the next day.
Trading hours are working hours; However, the net transaction value is bounded by the stock closing at 15. Orders placed before 15 are traded at the net value of the current day, and orders placed after 15 are traded at the net value of the next day. Funds that apply for trading during non-trading hours are traded at the closing price of the next day.