1, conceptual differences

Active fund refers to the fund manager's active investment management strategy to operate the fund, such as actively choosing the timing of entering and leaving the stock market.

Active funds have higher requirements for fund managers' stock selection ability, and the possibility of obtaining excess expected returns is also higher. Passively managed funds generally choose specific index stocks as investment targets, and their performance is less affected by human factors.

2. Differences in fund names

Passive funds usually have the words index and ETF in their names. It is worth mentioning that the index-enhanced fund is regarded as a special active fund, not a passive fund.

Because this kind of fund has the nature of active management and pursues the maximization of excess expected returns, compared with ordinary active funds, the investment style of index-enhanced funds is more stable.

Fund, in English, refers to a certain amount of funds set up 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. The fund we are talking about mainly refers to the securities investment fund.

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

1, which can be divided into open-end funds and closed-end funds according to whether the fund units can be increased or redeemed. 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; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

3. According to the difference of investment risk and income, it can be divided into growth fund, income fund and balanced fund.

4, according to the different investment objects, can be divided into stock funds, bond funds, money market funds, futures funds, etc.

manipulative skill

Look at the market outlook before operating.

The income from fund investment comes from the future. For example, if you want to redeem stock funds, you can first look at whether the future development of the stock market is a bull market or a bear market. Then decide whether to redeem or not, and make a choice on the timing. If it is a bull market, it can be held for a period of time to maximize the benefits. If it is a bear market, redeem it in advance and put it in the bag.

Switch to other products

Converting high-risk fund products into low-risk fund products is also a kind of redemption, such as converting stock funds into money funds. This can reduce the cost, the conversion fee is generally lower than the redemption fee, while the money fund has low risk, equivalent to cash, and the income is higher than the current interest. Therefore, conversion is also an idea of redemption.

Regular fixed redemption

Like regular investment, regular fixed redemption can do daily cash management and stabilize market fluctuations. Fixed-term redemption is a redemption method of fixed-term investment.