It is not recommended to buy a fund with a holding period of three years, because the closed period of the fund with a holding period of three years is too long, there are many uncertainties in the fund, and the investment risk is relatively large. If investors want to buy closed-end funds, they can choose funds with shorter closed-end periods.

Closed-end fund refers to a closed-end fund, which is closed after its establishment and cannot be redeemed in advance before its expiration. Advantages of closed-end funds: There is no need to consider redemption, and funds can be fully utilized. Disadvantages: the fund size remains unchanged, which leads to little pressure on fund managers; Poor liquidity, unable to purchase and redeem at any time.