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Ask the great god to explain the innovation fund and the grading fund in detail.
Innovation fund is a big concept, including graded fund, so the two are not simple comparisons.

The innovation fund mainly innovates in the following aspects:

Product investment: for example, Cathay Pacific's gold ETF;; Such as Huatai Berry, Harvest's cross-market ETF, cross-border ETF and currency ETF.

Open-type: if it is closed for half a year or reopened once a year, if it is closed for 7 days, 14 days and redeemed periodically for 28 days;

Income distribution method: For example, for various graded funds, the share of the inferior level is set first, and the priority enjoys a relatively fixed income right, and the inferior level bears losses and excess income. There are also long and short grading funds.

Redemption method: for example, the money funds of Yu 'ebao and various treasures, the customer's redemption money can be received in time.