Fund opening refers to the process that fund managers invest fund assets in stocks, bonds and other targets. During the fund opening period, the fund manager will choose to open a position or not according to the market situation. During the closed period, funds are not affected by market conditions, thus achieving the purpose of protecting assets in disguise.

After the new fund is successfully raised, it enters the closed period (that is, the open period), and the closed period of the fund generally does not exceed three months. During the closed period, the financial manager can choose to open a position or not according to the market situation.