1, the difference between closed-end funds and open-end funds: closed-end funds can not be purchased and redeemed, but can only be traded on the exchange, and their handling fee is generally trading commission, which is about 0.03%; Open-end funds can be purchased and redeemed, and there is a subscription fee when purchasing, which is generally 1.5%, and the redemption fee is generally 0.5%.

2. Closed-end funds refer to fund sponsors who limit the total number of fund units when they set up funds. After raising the total amount, the fund will be declared closed and will not accept new investments for a certain period of time. The circulation of fund shares is listed on the stock exchange, and investors must bid on the secondary market through securities brokers in the future.

3. Open-end fund refers to a fund operation mode in which fund sponsors can sell fund shares or shares to investors at any time according to their needs when setting up a fund, and can redeem the issued fund shares or shares at the request of investors.