According to different standards, the types of funds are as follows:
1. Can fund units be increased or redeemed?
According to whether fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are generally not listed and traded, but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
2. Organizational form
According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.
3. Investment risks and benefits
According to the difference of investment risk and income, it can be divided into growth fund, income fund and balanced fund.
4. Investment objectives
According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.
Money fund: Money market fund refers to a fund that invests in short-term securities in the money market. The assets of the Fund are mainly invested in short-term monetary instruments, such as treasury bills, commercial paper, bank time deposit certificates, government short-term bonds, corporate bonds and other short-term securities.
Equity fund: Equity fund is an investment fund with stocks as the investment object, and it is the main type of investment fund. The main function of stock funds is to concentrate the small investments of mass investors into large funds. Investing in different stock portfolios is the main institutional investor in the stock market.
Futures fund: Futures fund is an investment fund with futures as the main investment object. Futures are contracts, and you can buy contracts with a certain margin (generally 5%- 10%). Futures can be used for hedging, or it can be small and broad. If the forecast is accurate, you can get a high return on investment in a short period of time. If the forecast is not accurate, it will lose a lot, which is characterized by high risk and high income. Therefore, futures funds are also high-risk funds.