Recommend a few good closed end funds!!

1. Choose a closed type with a large discount rate**. After the expiration of the closed-end operation, it is necessary to repay or liquidate according to the net value, and the higher the discount rate, the higher the income will be in the later stage of the relative operation.

2. Choose a small and medium-sized closed type**. This is the same as **, the smaller the disk, the greater the hype, especially in the later stage of operation, the main force will often make large-scale acquisitions in order to compete for the voting rights of the proposal, which will rise sharply, and even the premium phenomenon will occur.

3. Pay attention to the ability of closed-end ** continuous dividends. **The amount of dividends depends on the performance. If the performance is not good, then it means that the manager level is not good, and the net value and the secondary market will go down.

4. Pay attention to closed-end positions. Closed-ended** is the same as open-ended**, and the profitability mainly comes from heavy positions** or other market investment targets. If the future trend of heavy positions** or other market investment targets is good, it is naturally more valuable to invest.

5. Choose the right time to enter. There are bull markets and bear markets, and closed-end markets are the same, if you choose to invest in a bear market, such as a bear, then it is difficult to make short-term profits through secondary market trading. It's the same with buying**, while it is important to choose a good one, it is even more important to choose when to enter.

According to whether the unit can be increased or redeemed, it can be divided into open-ended and closed-ended. But many people don't know what the difference between open and closed is in this issue, and this issue tells you what the difference is between the two through their definitions and characteristics.

**Basics Reading:

1. Definition of open and closed

The scale of the open-ended market is not fixed, but can be issued at any time according to market supply and demand or redeemed by investors.

Closed-end is the scale of the fixed after the completion of the issuance and within the specified period.

Open**.

The scale is not fixed, and the unit can be bought back by investors at any time, or it can be bought back by investors; There is no fixed term, it can theoretically last forever, and its ** is determined by the net asset value.

Closed**Yes.

Fixed duration, during which the scale of ** is fixed, generally listed and traded on ** exchange, and investors buy and sell ** units through the secondary market; You can't ** or sell until the next opening. So so.

The situation is closed for a year and open for a week.

Second, the difference between open and closed

1) ** The scale varies differently. Closed-end ** has a clear duration period, and the ** units that have been issued in the old sedan car cannot be redeemed within this period. Open-ended is redeemable at any time, so the size of the asset will vary from day to day.

2) **Units are bought and sold in different ways. When the closed-end type is established, investors can subscribe to the management company or sales agency of the company; When closed-end ** listed trading, investors can entrust the brokerage firm to buy and sell at the market price on the ** exchange. When investors invest in open-ended**, they can subscribe or redeem at any time from the **management company or sales agency.

3) The buying and selling of **units is formed in different ways. Closed** is listed on the exchange, and trading** is greatly affected by market supply and demand. The open-ended trading is calculated on the basis of the net asset value of the shielded unit, which can directly reflect the net asset value of the unit.

4) Different investment strategies due to redemption. Closed-end cannot be redeemed at any time, the funds can be fully invested, and the management company can develop a long-term investment strategy. On the other hand, open-ended** must keep a portion of cash for investors to redeem at any time, and cannot be used for long-term investment, and generally invest in more flexible targets.

The difference between open-ended and closed-ended, investors must know which type of ** they are most suitable for buying according to their own needs before investing in these two types. Only by thoroughly understanding the difference between open and closed can we make a reasonable investment.

There is a long lock-up period, the number of issues is fixed, and holders cannot redeem during the lock-up period, and can only be bought and sold on the secondary market. Closed** don't worry about redemption during the duration.

The holder cannot ask the company to repay the money in advance. Therefore, ** companies have a lot of autonomy over this money, and can even play the trick of "benefit transfer". Of course, there are also ** companies and **managers who operate formally, and the return of the closed ** they manage is not necessarily worse than that of the open **.

Another feature of closed** is that it has a duration period. In China, this period cannot be less than five years, and the general closed ** period is fifteen years.

After the expiration of the closed-end **, there are three ways to deal with it: one is liquidation, that is, it is returned to the investor after deducting a certain fee from the net value of the **; The second is to turn to open-ended**, which is what we often say"The seal is turned open"；The third is to extend the expiration period, which is rarely applied.

Closed-end funds refer to the total amount of issuance and the issuance period have been determined at the time of establishment, and the total amount of issuance is fixed within the specified period after the completion of the issuance. Closed-end investors cannot redeem their shares from the issuer during the duration of the shares, and the realization of the shares must be listed and traded on the trading venue. The circulation of ** units adopts the method of listing on the ** exchange, and investors must buy and sell ** units in the future, and must conduct auction transactions in the secondary market through ** brokers.

Closed-end is a trust, which means that the total amount of approved shares is fixed during the contract period, and the shares can be traded on the exchange established by law, but the holder of the amount may not apply for redemption. The relationship between open and closed: Open and closed together constitute the two basic modes of operation.

Open-ended refers to the fact that the scale is not fixed, but can be issued at any time according to market supply and demand or the investment redeemed by investors.

Closed-ended, as opposed to open-ended, refers to an investment whose scale has been determined before issuance, and whose scale is fixed after the completion of issuance and within the specified period.

Open-ended non-listed trading, generally through bank subscription and redemption, the scale is not fixed, the unit can be bought back from investors at any time, and can also be bought back at the request of investors; Closed** is not allowed to accept new shares and shares for a period of time, until a new round of opening, when the opening can decide how much you propose or how much to invest, and newcomers can also invest at this time. The general opening time is 1 week, and the closing time is 1 year.

Closed-end refers to the total amount of issuance and the duration of the investment at the time of establishment, and during the duration of the closed-end investor, the investor cannot redeem the shares. The realization of shares must be listed and traded through an exchange. The circulation is based on the method of listing on the exchange.

Investors who buy and sell in the future must buy and sell transactions in the secondary market through a broker.

Closed-end is a trust. This means that the total amount of the approved shares is determined for the duration of the contract. Shares can be traded on legally established exchanges, but holders are not allowed to apply for redemption within a specified period.

Open and closed together constitute the two basic modes of operation.

Closed** has a lifetime. In China, this period cannot be less than five years, and the period of general closed ** is fifteen years. After the expiration of the closed **, there are three ways to solve it:

One is liquidation, which is returned to the investor according to the net value of ** after deducting a certain fee; The second is to become open**, which is what we often call "sealing and opening". The third is to extend the expiration date.

It refers to the fact that the total amount of approved **shares is fixed during the term of the **contract, and the **shares can be traded on the **trading venues established in accordance with the law, but the **share holders are not allowed to apply for redemption**.

Closed-end is the abbreviation of the closed-end imitation early business model, which refers to the fixed total amount of dividends approved during the contract period, and the dividends can also be bought and sold in the share transfer system in accordance with the regulations, but the equity holder cannot apply for redemption of the shares. Closed** has a fixed number of shares outstanding in the market. Investors who need to buy closed-end products need to buy from many investors in the trading market.

Therefore, the price of closed** is chosen by supply and demand.

Because the closed-end type cannot be redeemed in time, the raised funds can be used for investment, so that the management company can formulate long-term investment countermeasures and obtain long-term operating benefits. Open-ended** Be sure to leave a part of the cash for investors to redeem in time, rather than long-term investment. Usually invested in highly liquid properties.

The important difference between open-ended and closed-ended is that the latter is long, the total number of offers is fixed, and the holder cannot redeem it during the closed period, and can only buy and sell in the secondary market. Open-ended **can be redeemed, and open-ended trading can also be bought and sold.

Therefore, open-ended ** holders who are "always ready" are likely to redeem, and the investment strategy is relatively stable; Closed Whisper** Don't worry about redemption.