Some long-term closed-end bond funds conclude fundraising ahead of schedule.

Recently, some long-term closed-end bond funds have ended their fundraising ahead of schedule. Among them, the Dongcai Yue'an 63-month closed-end bond fund under Dongcai Fund accumulated effective subscription applications exceeding the upper limit of its 8 billion yuan fundraising scale, and ended fundraising early after only two days. The relevant issuance developments have drawn attention to the allocation demand for medium- and long-term bond assets. Previously, 63-month closed-end bond funds under public fund institutions such as Taixin Fund and AllianceBernstein Fund also successively announced the early conclusion of fundraising. Industry insiders believe that, against the backdrop of a relatively low interest rate center and increased market volatility, some funds are placing greater emphasis on the allocation value of medium- and long-term bond assets, with coupon accumulation, duration matching, and risk control becoming important considerations in relevant investment decisions.