An investment analyst in South China pointed out to china securities journal that there are two reasons for the fund's purchase restriction, one is the scale, and the other is the performance (market). As far as the debt base is concerned, the scale of10 billion is not large. The recent intensive purchase restriction may be more due to performance and market factors.

China Merchants Fund announced that China Merchants Industrial Bond Fund will suspend large subscription, regular fixed subscription and transfer to business from April 9. Previously, debt-based diamonds in China Merchants Industry had just started daily subscription, redemption, conversion and regular fixed investment business, becoming the first new fund with "open redemption and restricted subscription".

According to the announcement of China Merchants Fund, the object of this purchase restriction is a large purchase of more than 6,543,800 yuan. The reason for suspending large subscription, fixed subscription and business transfer is to ensure the smooth operation of the fund, prevent arbitrage funds and protect the interests of fund holders. It is understood that as of April 6, the unit net value of China Merchants Industrial Bond Fund was 1.005 yuan. Since the new fund was formally established on March 2 1, it has achieved good returns in just over half a month.

In terms of product design, China Merchants Industrial Bond Fund is designed on the basis that the spread of credit products is at a historical high level and investment opportunities are relatively easy to grasp. In the marketing arrangement, this time, China Merchants Industrial Bond Fund shortened the raising period several times, and the scale of raising gave way to investment opportunities.