Due to the different historical time, social and economic development, culture and art of countries around the world, the zoning norms are also very different, and contractual funds can be divided into different types. Generally speaking, the key to the general classification of contract securities is as follows:
1. Public offering funds and non-public offering funds can be divided into public offering assets and non-public offering funds based on different fund raising methods.
Considering the differences in investment experience and risk tolerance of different investors, in order to safeguard investors' rights and interests, fund laws and regulations have different management on fund raising methods and standards. It is necessary not only to protect the rights and interests of investors, but also to strictly limit the approval procedures, information content and investment operation of funds. Only qualified investors can invest in the fund, and generally there is a maximum amount. Compared with the published raised funds, the unpublished raised funds generally have fewer limited standards, and most of their related limited standards are independently promised according to the fund contract.
2. Open-end funds and closed-end funds can be divided into open-end funds and closed-end funds according to whether the fund shares can be subscribed or withdrawn.
Open-end fund refers to the fund whose total fund share is not fixed, and the fund holder can subscribe and withdraw the fund share in the R space stipulated in the fund contract. Closed-end fund refers to a fund whose total fund share is fixed and will not change during the fund contract period, and the fund holder cannot withdraw the fund share. In recent years, closed-end fund contracts established at the beginning of the development trend of China's fund manufacturing industry have expired.
3. Individual stock funds, composite funds, bond funds and money market funds can be divided into individual stock funds, composite funds, bond funds and money market funds according to different investment purposes.
In China, according to the relevant requirements of the current standards, about 60% of fund assets are invested in individual stocks, belonging to individual stock funds; About 80% of the fund's assets are invested in bonds, which belong to bond funds; Money market funds that only invest in money market instruments; Investing in individual stocks, bonds and money market instruments, and the proportion of individual stock investment and bond investment does not match that of individual stock funds and bond funds, is a composite fund. The key to this classification of funds is to help fund investors choose fund commodities with moderate risks according to their own risk tolerance and safeguard the rights and interests of fund investors. Under normal circumstances, the order of fund risk level from high to low is individual stock fund, composite fund, bond fund and monetary fund.
Fund common sense: what is the fund score t
After the fund obtains investment income, there are generally two ways to distribute it to fund investors, namely cash dividend or income reinvestment.
Investors choose to pay dividends in cash, and the proceeds will be transferred from the fund custody account to the investor's specific deposit account on the sub-T execution date, and the proceeds will be reinvested by the registered fund company to the investors, and the proceeds will be immediately reinvested in the fund's service projects, which is equivalent to the listed company distributing profits in the form of stock dividends. If investors don't need cash for the time being, but want to reinvest immediately, they can choose the way of reinvesting the proceeds. In this case, T shares of assets will be converted into corresponding fund shares and credited to your account, which usually does not require reinvestment fees.
In fact, these two methods of dividing T are exactly the same when dividing T, and these profits are originally part of the net value of fund units. Therefore, what investors actually get is the property in their own accounts, which means that the net value of fund shares fell on T day (ex-dividend day).
Because closed-end funds generally do not sell new fund enterprises during the holding period, the profit distribution of closed-end funds can only be realized by cash dividends.