However, both open-end funds and closed-end funds are publicly issued funds, and publicly issued funds refer to funds that are publicly issued and open to all investors. Simply put, it is a fund that ordinary investors can buy.

Open-end fund refers to open-end fund. The fund has no closed period, and investors can purchase and redeem it at any time. Closed-end funds are closed-end funds, which have a fixed closed period and cannot be traded during the closed period. Investors can only wait until the fund is listed or traded after the closed period.