The fund is fixed for one year, that is, the purchased fund is closed for one year, during which the fund cannot be realized or traded, and it is open for trading on a specified date after one year. This kind of closed-end fund belongs to the category of innovative funds, that is, it not only contains the characteristics of closed-end funds, but also does not lead to the "transformation" problem after the version is opened, but sets a certain opening period and then enters a new round of closed-end period.

Advantages of fixed funds:

First, it is conducive to medium and long-term investment.

Generally speaking, the opening hours of subscription and redemption of fixed-term funds are clearly defined, and generally speaking, the longer the closing time, the better its performance, which is equivalent to the fund manager helping investors to make medium and long-term investments, which also avoids many people's income instability due to short-term speculation. Therefore, fixed-income funds are suitable for people to invest in the medium and long term, and people with low risk preference can consider them.

Second, income is stable.

Because of its closed characteristics, there will be no incremental funds in the bear market, which can effectively avoid the dilution of the income level by incremental funds; In the bull market, there will not be a lot of redemption of funds, and the income is relatively more stable.

Third, it is beneficial to management.

General fund products are divided into closed and open types, while fixed-end funds combine the advantages of both, which can be laid out for a long time and have certain liquidity. The main performance is that it is not affected by daily subscription or redemption, but during the closed period, the manager can concentrate on implementing the operation strategy and strive to improve the performance without the interference of capital liquidity. Generally speaking, it is more conducive to managers' asset allocation and position management.