According to China's current relevant laws and regulations, funds are not allowed to guarantee income, share losses and promise minimum income. Therefore, open-end funds cannot guarantee investment income. So there is no real guarantee fund. Title. As a result, the capital preservation fund has entered the eyes of investors and become one of the candidate targets for asset allocation. Guotai Jin Lu Capital Protection Fund (Phase II) raised nearly 200 million yuan on the first day, setting a new high for newly issued funds. Capital preservation fund, as its name implies, can not only guarantee the principal, but also control the risk of loss of the principal, with the purpose of capital preservation and appreciation. However, investors should also pay attention to the following issues when investing in capital preservation funds. First, the capital preservation of the capital preservation fund has an investment period. Principal guaranteed fund usually has a hedging cycle, that is, the hedging period, which refers to the time limit for fund managers to provide hedging. For example, Guotai Jin Lu Capital Protection and Value-added Fund has completed the first capital protection cycle and started the second fund raising, and the second capital protection cycle is 2 years. It is particularly important to note that the hedging clause does not apply to fund share holders who purchase during the subscription period and redeem or convert their fund shares before the expiration of the fund hedging period, and fund shares purchased after the beginning of the hedging period, that is to say, the capital preservation fund does not provide principal guarantee for the latter two situations. Due to the limitation of investment period, investors who redeem in advance can not only guarantee the principal, but also pay the redemption fee. ...