I. Different types of securities investment funds
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded in the market (depending on the situation), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed term and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. Funds are established by issuing fund shares in the form of investment fund companies, usually called corporate funds; This kind of fund is established by fund managers, fund custodians and investors through fund contracts, and is usually called contractual funds. China's securities investment funds are all contractual funds.
Second, the management method of novice purchase fund
First, buy funds by name. Many investors will judge the style of funds by their names. In fact, the name of the fund is just a name. When a fund is named, it will make great efforts. Value, growth, choice, emerging, valuation and so on are all commonly used words, giving investors some good tips. Many investors will judge the fund's position style according to its name, such as big market or small market, growth or value. In fact, apart from passive index tracking funds, the names of active management funds reveal little information.
To sum up, the fund market is closed on holidays according to national regulations. If trading is needed, it needs to be arranged in advance.