The fund is referred to as ICBC Focus 30 Stock for short.
Fund code 00 1496 (front end)
Fund Type Stock Type
Date of issue: June 20 15, June 18.
The reason why the new fund should have a closed period is to facilitate the fund background (registration center) to make the best preparations for daily subscription and redemption; On the other hand, fund managers use this period of time to initially use the raised funds to buy stocks and bonds for investment preparation. During this period, if there are still frequent purchases and redemptions, it will inevitably affect the fund manager's strategy of opening positions. In order to allow fund managers to gradually open positions without external interference, investors will generally not accept subscription and redemption for a period of time after the establishment of new funds. A relatively long closing period can ensure that the steps of fund managers to open positions are not affected by the inflow and outflow of funds. Of course, according to the Measures for the Operation and Management of Securities Investment Funds, the maximum period of fund closure is 3 months.