What are the trading rules of Southern Crude Oil Fund?

What are the trading rules of Southern Crude Oil Fund?

What are the selling rules of Southern Crude Oil Fund, and are there any rules for fund selling? I believe this problem is not the first time in the minds of novices who just bought funds. Based on this, Bian Xiao has compiled a rule about buying and selling Southern crude oil funds, hoping to help everyone.

Trading rules of southern crude oil fund

Purchase before 0/5 o'clock on t day/kloc, and redemption, sale and re-custody can be carried out on T+3 day. (T day refers to the trading day).

Example: buy before Monday 15 and redeem on Thursday; If you buy after 15, it will be counted as a transaction application on Tuesday, and then you can redeem it on Friday.

Please pay attention to the short-term redemption rate. The redemption rate for a single holding of less than 7 days is 1.5%.

According to the relevant provisions of laws and regulations and fund legal documents, due to the limitation of foreign exchange quota, the subscription and fixed investment business will be suspended from March 20 13, and the redemption business will be handled as usual. The time for resuming subscription and fixed investment business will be announced separately. During the suspension period, the A-share secondary market transactions proceeded normally.

Why can the Southern Crude Oil Fund only sell but not buy?

Since the price of crude oil fell to a negative value last year, many people want to bargain-hunting when they see that the price of crude oil is particularly low, but the data shows that nearly 60% of people can't make money at a loss. Do you think you can make money by buying now? How do you know the lowest price? Because when the price dropped to half of the usual price last year, some people thought they could bargain-hunting, but no one expected it to fall to a negative value, and then many people lost money. When it fell to a negative value, it gradually turned positive, affecting other funds, and the price fell, so many people poured into the crude oil buying market.

Because buying crude oil involves foreign exchange, this fund company may not have such high foreign exchange reserves or so much foreign exchange. How can I open a position? If you can't build a position, there is no point in absorbing funds. Just like a new fund, it usually has a opening period of 0~3 months after absorbing funds. At this time, its position will be gradually established, but of course you buy crude oil, but it doesn't have that much foreign exchange, so you can't buy it.

This is not a problem that we can solve these two days. Since last year, many people have invested in this project. If the fund company itself has 2 billion foreign exchange reserves. But in fact, you may not have a quota here, because now the capital market has 3 billion funds to absorb funds, and it can't buy things with foreign exchange. The amount of funds it can absorb is limited, and now it is almost full, so it can only wait.

When is the southern crude oil fund suitable for buying?

Generally speaking, people think it is best to buy when it is rising, because it will have a better return, but personally, it is best to buy when it is falling, for the following reasons:

1. Buying in a down or bear market means buying at a lower cost, eliminating the impact of the stock market or bond market bubble, thus having greater potential for rising and making money;

2. The fund is a long-term financial management tool with little fluctuation. If you buy in a bear market or fall to a certain position and hold it for a long time, the future income may be even greater. For example, when the Shanghai Stock Exchange reached 6000 points in June 2007, many people were still buying in large quantities. Up to now, funds with poor total price performance have lost more than -50%, while the market was at 1600 at the end of 2009.