Jing Shun Great Wall Dingyi Mix, Yin Hua Fuyu Theme Mix, E Fund Middle and Lower Plate Mix, Jing Shun Great Wall Emerging Growth Mix, Bank of Communications Quality Upgrade Mix. Broadly speaking, a fund refers to a certain number of funds established for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses.

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First, the funds we are talking about mainly refer to securities investment funds.

⑴ According to whether fund units can be increased or redeemed, they are divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), and the fund scale is not fixed through subscription and redemption by banks, securities companies and fund companies; Closed-end funds have a fixed term 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. Fund is an investment fund company established by issuing fund shares, usually called corporate fund; Usually called contractual fund, it is established by fund managers, fund custodians and investors through fund contracts. China's securities investment funds are 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 investors, it can be divided into bond funds, stock funds, money funds and mixed funds.

Second, the big bull market in the 1990s created a batch of new wealth, and hedge funds blossomed everywhere. Because hedge funds emphasize the income distribution mode with consistent interests and the investment mode of "outperforming the market", traders and investors pay more attention to hedge funds In the next decade, hedge fund investment strategies will emerge one after another, including credit arbitrage, junk bonds, fixed-income securities, quantitative investment and multi-strategy investment.