Open-end fund refers to the fund that is open for operation after the establishment of the fund (the new fund generally has a closed period of about 3 months). The total size of the fund is not fixed, and investors can purchase and redeem the fund at will as needed.

Closed-end fund refers to a fund that operates in a closed way after its establishment. The total size of the fund is fixed, and investors can only apply for redemption before the fund is regularly opened or listed.

Ping An Bank has launched a variety of fund products, and the regulations of each fund are different. You can log in to Ping An Pocket Bank APP- Home-More-Funds and search for the corresponding fund name to understand.

Tips:

1. The above instructions are for reference only and do not make any suggestions. Related products are issued and managed by corresponding platforms or companies, and banks are not responsible for product investment, redemption and risk management.

2. There are risks in entering the market, so investment needs to be cautious. Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.

Reply time: 2022-0 1- 17. Please refer to the latest business changes announced by Ping An Bank in official website.