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Why is the crude oil fund suspended from trading?
Due to the COVID-19 epidemic and Saudi Arabia's previous sharp increase in production, the price of crude oil fell sharply, which made many investors want to participate in the bargain-hunting of crude oil prices, but in fact, the crude oil fund has suspended its subscription. Why? The reason why the crude oil fund stopped buying was because the QDII quota was not enough. (1) What is QDII quota? QDII quota means qualified domestic investors, which is short for qualified domestic institutional investor. China has a special QDII fund. These fund companies collect money subscribed by investors in RMB, and then convert RMB into dollars to invest in overseas assets. However, it should be noted that the QDII quota of QDII funds is limited, and crude oil funds are also QDII investors. Therefore, the market opportunity has come, the purchase volume will be relatively large, and the crude oil funds will face insufficient quota. QDII funds that invest in crude oil mainly include Southern Crude Oil, Huabao Oil and Gas, Harvest Crude Oil and so on. (2) how can I buy it? Because the number of places is limited, it is impossible for Yang Ma to add places to you alone. Therefore, if you want to buy it, you can only make some redemption space for the QDII quota of the relevant fund. At this time, we can buy. The above is Bian Xiao's sharing. If you want to know more, please pay attention.