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What types of funds are there?
There are 12 funds. According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds; According to different organizational forms, it can be divided into corporate funds and contractual funds; According to the difference of investment risk and income, it can be divided into growth fund, income fund and balanced fund; According to different investment objects, it can be divided into bond funds, stock funds, monetary funds and hybrid funds.

Contract fund: Contract fund is an agency investment behavior organized based on certain contract principles. It is established by the fund contract signed by the fund investor, fund manager and fund custodian, and the main aspects of the fund contract terms are usually regulated by the fund law.

Equity funds: Equity funds refer to funds that invest in the stock market. Its investment objects are diverse and its investment purposes are also diverse. It has the characteristics of strong liquidity and high liquidity, and also has the function and characteristics of financing in the international market.

Closed-ended fund: Closed-ended fund refers to a securities investment fund whose total issuance amount and issuance period have been determined at the time of establishment, but the total issuance amount remains unchanged within the specified period after the completion of issuance. Fund shares can be traded on legally established stock exchanges, but fund share holders may not apply for redemption.