Open-end funds are not financial derivatives. Financial derivative refers to a bilateral contract for payment according to pre-agreed matters, and its contract price depends on or comes from the price of the original financial instrument and its changes. ?

Financial derivatives are relative to original financial instruments. These related or major financial instruments generally refer to stocks, bonds, certificates of deposit, currencies, etc.

Open-end fund refers to a fund operation mode in which the total amount of fund shares is not fixed and the fund shares can be purchased or redeemed at the time and place agreed in the fund contract.