[Some long-term closed-end bond funds close their fundraising early] November 14th: Recently, some long-term closed-end bond funds have closed their fundraising early. Among them, the cumulative effective subscription applications for the 63-month closed-end bond fund of Dongcai Yue’an, a subsidiary of Dongcai Fund, exceeded the fundraising limit of 8 billion yuan, and the fundraising ended early in just two days. Relevant issuance dynamics have drawn attention to the demand for asset allocation of medium and long-term bonds. Previously, 63-month closed-end bond funds owned by public institutions such as Taixin Fund and AllianceBernstein Fund also announced the early end of fundraising. Industry insiders believe that in the context of relatively low interest rates and increased market volatility, some funds are paying more attention to the allocation value of medium- and long-term bond assets. Coupon accumulation, term matching and risk control have become important considerations in relevant investment decisions. (Securities Daily)