The new fund will be closed for up to 3 months. On the one hand, it is to facilitate the fund backstage (registration center) to make the best preparation for daily subscription and redemption; On the other hand, fund managers use this period of time to start buying stocks and bonds with the raised funds, making investments and opening positions.
In addition to the "closed period" agreement, some sunshine private equity funds will also set a quasi-closed period, which is another period after the closed period. After the closure period, investors can sell products once a month. However, if there is a quasi-closed period, investors will sell products during this period, which will involve redemption fees. The general rate is 1.5-2%.
Extended data
1. Reasons for financial institutions to set a closed period for wealth management products.
The purpose of the closed period is to complete the preliminary investment arrangement of the raised funds according to the situation of the securities market, prevent the risk of mismatch and help investors obtain higher financial returns.
2. Revitalize the closed-end financial funds.
Wealth management funds cannot be redeemed in advance during the closed period. If investors are in urgent need of liquidity turnover, they can consider reducing liquidity risk by pledging loans for wealth management products. Bank of Communications has also launched related pledge loan business, which can be handled at any outlet. The pledge business is for all closed-end wealth management products, with the highest pledge rate reaching 90%.
Liuzhou Evening News-Financial Novice-Here is what you want to know about the financial closure period.
Baidu encyclopedia-fund closure period