The biggest possibility is that the fund company closed the fund subscription in order to protect the interests of investors.

However, fund redemption is the most basic right of investors and cannot be closed.

The subscription is closed mainly because the continuous net subscription of the fund will make the assets managed by the fund larger.

Funds are not the more money, the better. More money is difficult to manage, and less money has no scale advantage. Moreover, different fund managers are good at management on different scales, which is a quite comprehensive problem.

If the scale is too large, it will lead to management difficulties and really harm the interests of old customers.

It may make the performance of the fund worse, so it is necessary to close the subscription.

In addition, some funds are open for subscription on a regular basis according to the contract, which belongs to the problem of fund design.