1. Trading mechanism:
Fund is a collective investment tool, which collects the funds of many investors by issuing fund shares and is managed by fund managers. The fund mainly invests in stocks, bonds, money market instruments and other securities, and the investment goal is to realize long-term appreciation of assets. The trading mechanism of funds is relatively simple, generally subscribed at the time of fund issuance and then traded in the secondary market.
Futures is a derivative financial instrument, which means that buyers and sellers agree to buy and sell a commodity or financial instrument at a specific price at a specific time in the future by signing a futures contract. The main purpose of futures trading is to transfer price risk or profit from speculation. The futures trading mechanism is complex, and it adopts margin trading and T+0 trading system, which has leverage effect and high risk.
2. Risk degree:
The investment risk of funds is relatively low, because funds usually invest in a variety of securities, thus diversifying investment risks. In addition, investment management of funds by professional fund managers can reduce investment risks to a certain extent.
Futures are risky, because futures adopt margin trading and T+0 trading system, which has leverage effect, and investors may face huge risk of price fluctuation. In addition, futures contracts have expiration dates, and if investors fail to perform on the expiration date, they may face the risk of default.
3. Investment objectives:
The fund mainly invests in securities such as stocks, bonds and money market instruments, and realizes long-term appreciation of assets through portfolio investment.
The investment object of futures is the future price of a commodity or financial instrument, such as crude oil, gold and stock index. The purpose of futures trading is mainly to transfer price risk or make speculative profits.
In short, there are significant differences between funds and futures in trading mechanism, risk degree and investment object. Fund is a relatively stable investment tool, suitable for long-term investment; Futures are risky and complex, and are suitable for investors with certain risk tolerance.