Fund account

Fund account refers to a fund account opened by a fund registration agency for fund investors to record the balance and changes of fund shares managed by the fund manager. account.

Fund account number

Fund account number is an account identification number assigned by a fund company to its customers. A natural person can only open one fund account in a fund company, corresponding to one fund account number.

Fund Open Day

The Open Day is for open-end funds. Closed-end funds are listed on the exchange and can be bought and sold on the trading days of the exchange; open-end funds Funds are not listed on the market and can only handle subscription, redemption and other services at designated sales institutions at specific times. Open days refer to the working days on which the sales agency handles fund share subscription, redemption and other business. The opening days of open-end funds in my country are usually consistent with the trading days of the stock exchange.

The fund raising period

refers to the period from the date of sale of fund units to the date of completion of sale, which shall not exceed three months at most. Open-end funds generally enjoy discounts on subscription fees during the fundraising period.

Subscription

The act of purchasing fund shares during the fund raising period is usually called fund subscription. Under normal circumstances, once a fund subscription application is submitted, it cannot be canceled.

Subscription

Subscription refers to the behavior of investors applying to the fund manager through the fund sales agency to purchase fund shares after the fund is established.

Redemption

Redemption refers to the act of investors applying to the fund manager through the fund sales agency to repurchase the open-end fund shares they already hold and withdraw the cash. .

Huge Redemption

Huge Redemption refers to when the open-end fund’s net redemption applications for fund shares on a single opening day exceed 10% of the total fund shares on the previous day. situation at the time. When the fund manager believes that it is able to pay all investors' redemption applications, normal redemption procedures will be followed. When the fund manager believes that it is difficult to pay investors' redemption applications or believes that paying investors' redemption applications may cause large fluctuations in the net asset value of the fund, the fund manager's redemption ratio on that day will not be lower than the previous day. On the premise that the total daily share of the fund is 10%, the remaining redemption applications will be deferred.

For the redemption application of a single fund unit holder, the redemption units processed by the individual fund unit holder on that day shall be determined based on the proportion of the units applied for redemption to the total units applied for redemption on that day. ; For the portion that the investor fails to redeem, unless the investor chooses to cancel the portion that has not been processed on that day when submitting the redemption application, it will be postponed to the next open day, and the redemption price will be the price on the next open day.