is a

fund belonging to the mixed growth sector, which refers to the amount set for a specific purpose. These funds mainly include investment trust funds, provident funds, insurance retirement funds, funds of various foundations and so on.

according to whether the fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are generally not traded on the market (this mainly depends on the situation). They are purchased and redeemed through banks, securities 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 stock exchanges. Investors buy and sell fund units through the secondary market.

according to different organizational forms, it can be divided into two categories: corporate funds and contract funds. Funds generally set up investment fund companies by issuing fund shares, which are usually called corporate funds; Fund contracts are made by fund managers, fund custodians and investors, which are usually called contract funds. China Securities Investment Fund is a contract fund.

according to the difference of investment risk and income, it can be divided into three categories: growth, income and balance.

according to different investors, it can be divided into four categories: monetary funds, bond funds, mixed funds and stock funds.

: Characteristics of directional funds 1. Average cost and risk diversification It is difficult for ordinary investors to grasp their investment opportunities. They may buy at the highest point of the market and sell at the lowest point of the market. The conventional investment method of funds is adopted. No matter how the market fluctuates, a fixed amount of funds are invested every month, and the funds are automatically deducted by the bank. The funds purchased by investors are invested on time, and the investment cost is also average.

2. Suitable for long-term investment. Because the regular norm is that investment enters the field in batches, when the stock market is consolidating or falling, because the regular norm is carried out in batches, it can be cheaper to invest, and the return on investment after the stock market rebounds is better than that of a single investment. For the China stock market, in the long run, this should be a volatile upward trend, so the regular quota is very suitable for long-term investment and financial planning.