1. When the new fund was established, there was no past performance as a reference. When we choose a fund, we first look at the theme of the fund and then analyze its past performance. Although past performance does not represent future earnings, we can understand the risk control ability of fund managers according to past performance.

2. The initial new fund was closed for a long time. Generally speaking, many start-up funds are closed for three months. During the closed period, many funds have no income or even losses. Therefore, if you want to buy it, you'd better wait until after the opening period.

3. The subscription fee of the newly established fund is very high. The main income of fund companies and fund sales organizations comes from the subscription and redemption fees paid by investors, so the handling fees of many initial funds are very high.

4. Compared with the old fund, the liquidity of the initial fund is relatively poor, so the risk is greater than that of the old fund.

1. Funds can be divided into broad sense and narrow sense. Broadly speaking, they refer to a certain amount of funds set up for a certain purpose, such as trust and investment funds, provident funds, retirement funds and so on. In a narrow sense, they refer to funds with specific purposes and uses. Usually, funds mainly refer to securities investment funds.

The income of securities investment funds comes from the future, and the performance of the income is inseparable from the performance of the investment target market, which has certain risks.

Second, classification

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund. It is established by fund managers, fund custodians and investors through fund contracts, and is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.