What does closed financial management mean?
Closed-end financial management refers to the products purchased by investors. In the product manual, there is a fixed redemption date. Before the fixed date in the product specification arrives, investors are not allowed to redeem the products at will. For example, on behalf of China Merchants Bank, the Bank of Communications wealth management "Wisdom Huili Rikai 1No." is open for subscription every day, but it needs to be held for at least 90 days before it can be redeemed.
Is it safe?
No matter whether it is closed-end financing or open-end financing, as long as it is a wealth management product, there is no guarantee of 100% income. Simply understood as closed-end financial management has the possibility of losing money, which is unsafe. Of course, closed-end financial management also has different risk levels, among which R 1 has the lowest risk and R5 has the highest risk. Generally speaking, the lower the risk level, the safer the financial products are. Of course, this is not absolute, but also depends on the investor's own financial management experience.
Can I redeem it in advance?
Closed-end wealth management products cannot be redeemed in advance, but some closed-end wealth management products can be transferred. If the holder wants to redeem the funds before the maturity of closed-end wealth management products, he can choose to transfer the unexpired wealth management products to other investors in order to achieve the purpose of taking them out in advance.
It should be noted that transferable closed-end wealth management products are relatively rare, and most bank wealth management products are not available. Therefore, investors need to think carefully before buying closed-end wealth management products. After all, there is a high probability that they will not be redeemed before their maturity.
The above are some contents about closed-end financial management, hoping to help you.