A: Generally speaking, newly issued funds can be traded within three months.

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First, the concept of fund.

Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.

From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.

Second, the classification of funds.

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investors, it can be divided into four categories: money fund, bond fund, mixed fund and stock fund.

Third, the process of the new fund

The new fund needs to be opened before it can be purchased and redeemed. The general time is 1-3 months. The exact time cannot be predicted in advance, as long as it is normal within 3 months.

The new fund first goes through the raising period, and is established after the capital verification is qualified, and enters the fund closure period. This closed and open period is generally 1-3 months. In these months, the fund will use the cash raised to buy various securities. This process is as short as 1 month and as long as 3 months.

After opening positions, the Foundation will open normal subscription and redemption. During the closed period, the fund cannot be traded, and its net value is updated every Friday.