Data:2009-12-12 2:34
Category: Money tips Release Date: 2007-02-14
Q: Why is the duration of closed-end funds intended? In duration after the end of whether on a net basis, after subtracting costs associated shown with return to investors?
Volunteer corps of experts: After the Commission approved the establishment of the closed-end funds, their duration of not less than 5 years. Closed-end funds have a certain period, after which investors can hold the remaining share of the corresponding share of assets, in a closed period can be realized in the trading market. Please according to your specific purchase fund prospectuses apply.
Q: The open-end fund is fixed only to the institutions (such as a bank) to purchase, sell?
Volunteer corps of experts: an open-end fund can only be prescribed by the state place of business in the purchase or redemption.