It refers to a fund operation mode that fund promoters 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. Investors can buy funds through fund sales agencies, so that the assets and scale of the fund will increase accordingly, or they can sell their fund shares to the fund to recover cash, so that the assets and scale of the fund will decrease accordingly. . The biggest feature of open-end fund is that the fund scale is not fixed. There is no upper limit on the size of the fund when it is issued, and investors can subscribe for the fund during the issuance period. After the establishment of the fund, investors can also purchase or redeem the fund. Purchase will lead to the expansion of the fund scale, and redemption will lead to the reduction of the fund scale. The purchase and redemption price is the net value of the fund plus or minus the handling fee. Open-end funds are generally not listed and traded, but only purchased and redeemed at sales outlets.

Open-end funds belong to Public Offering of Fund. However, it is worth reminding that investing in open-end funds is risky.

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