For closed-end funds purchased on Alipay, investors can find manual customer service in the Alipay interface, and then send the "transfer custody" to the customer service, and the customer will automatically send the processing portal, and then fill in the relevant information according to the corresponding steps.
After the re-custody business is completed, the fund will be sold later, according to the trading principle of the on-site fund, that is, the trading time is the same as that of the stock, which is 9: 30 am-11:30 am and 3: 00 pm-15: 00 pm.
In addition, on-site funds use competitive trading, and the price will change at any time. Unlike off-site funds, which only have one price every day, short-term investors should pay attention to the fund trend.
Closed-end funds refer to securities investment funds whose total issuance amount and issuance period have been determined at the time of establishment, and the total issuance amount will remain unchanged within the specified period after the completion of issuance. Investors of closed-end funds can't redeem their fund shares from the issuer during the fund's existence, and the realization of fund shares must be listed and traded on the stock exchange. The circulation of fund shares is listed on the stock exchange, and investors must bid on the secondary market through securities brokers in the future.
Closed-end funds belong to trust funds, which means that the total amount of approved fund shares is fixed within the term of the fund contract. Fund shares can be traded on legally established stock exchanges, but fund share holders may not apply for redemption. The relationship between open-end fund and closed-end fund: the isomorphism of open-end fund and closed-end fund has become two basic modes of fund operation. Open-end fund refers to an investment fund whose scale is not fixed, but which can issue new shares or be redeemed by investors at any time according to market supply and demand.