Funds are divided into closed and open types according to whether the shares are fixed or not. Closed-end shares are fixed and can only be listed and traded; Open-ended can be purchased and redeemed continuously. Funds are divided into bond funds, stock funds and money funds according to different investment objects.
Therefore, bond funds can be closed or open. In China, there are only stock funds in closed-end funds, and there are no other categories; Open but rich in varieties, such as stock, bond, currency, capital preservation and so on.
In foreign countries, there are more investors and more types of funds. Gold funds, exchange funds, futures funds and hedge funds, the so-called "funds in funds", are just like the beautiful women on the runway, which is dazzling and dizzying. I believe that with the continuous reform and opening-up of China's financial industry, domestic financial products will be continuously enriched and financial services will be more perfect.