The opening and closing of funds are divided according to whether the share of transaction funds can be increased.

Open-end fund, also known as * * * mutual fund. If the total issuance scale of such funds is not fixed, after the issuance, new fund shares can be issued according to the needs of investors. If the demand of investors decreases gradually, the scale of open-end funds will shrink until it falls below the prescribed conditions.

On the contrary, when a closed-end fund is issued, the fund share has been determined. During its existence, the fund shares cannot be redeemed. Therefore, closed-end funds are relatively fixed funds, and fund companies can make full use of funds for long-term investment.

Two. On-site fund and off-site fund

On-site means secondary market, and in layman's terms, it means exchange. On-site funds need to be traded through the stock account, and the transaction price changes in real time, so they can be bought and sold in real time to confirm the trading share. The specific trading rules are similar to those of stocks.

OTC funds are funds traded in the stock market. Generally, transactions are conducted through bank counters, brokers and third-party platforms. There is no real-time quotation for OTC funds, and there is only one price per day. Therefore, OTC fund trading requires OTC fund trading (whether buying or selling), and it takes a little longer to confirm the fund share, so it is impossible for OTC funds to confirm the share in real time.

Third, Public Offering of Fund and private equity funds.

Public offering fund refers to the fund formed by public offering to all members of society. Generally, most of the fund products we are trading now belong to Public Offering of Fund. Ordinary investors can invest, the threshold is low, and a small amount of money can participate in the transaction. Private equity funds are only for a few specific investors, including institutions and individuals. Private equity funds have a high purchase threshold, and the general starting point is 1 10,000.

Fourth, special types of funds.

In addition to the above fund types, there are some common but special fund types, which we can also learn about.

In short, fund investment should not be operated blindly. Before investing, you should know the basic situation of the fund, measure your risk acceptance level, and then choose the right fund according to the risk and income.