The first monetary fund: In 2003, Huaan was flush with cash. 2003 was also the year when the mainland money market fund was born. Open-end fund, also known as * * * mutual fund, refers to a fund operation mode in which fund sponsors can sell fund shares or shares to investors at any time according to their needs and redeem the issued fund shares or shares at the request of investors. Investors can buy funds through fund sales agencies, so that the assets and scale of the fund will increase accordingly, or they can sell their fund shares to the fund to recover cash, so that the assets and scale of the fund will decrease accordingly.
trait
1. Open-end funds and closed-end funds are isomorphic, forming two basic operating modes of funds.
2. Open-end funds refer to investment funds whose scale is not fixed, but which can issue new shares or be redeemed by investors at any time according to market supply and demand. Closed-end fund is relative to open-end fund, which refers to the investment fund whose fund size has been determined before issuance and remains unchanged within the specified period after issuance.
3. Open-end funds are not listed and traded, but can be directly sold by fund companies; You can also entrust an agency of a fund company, such as a commercial bank or a securities business department; You can also purchase and redeem online through the website of the fund company, and the fee can be discounted. Its scale is not fixed, and the fund unit can sell it to investors at any time or buy it back at the request of investors. Open-end funds include general open-end funds and special open-end funds.
4. The special open-end fund is LOF, which is called "listed open-end fund" in English and "open-end fund" in Chinese. In other words, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets, or buy and sell funds on exchanges.