The main force of a fund refers to the funds that guide the trend of the fund during the transaction process. The main force is generally institutional investors, because institutional investors have strong financial strength, wide sources of funds and large amounts, and have strong They are more professional, have more channels to obtain information, obtain information faster, and have a higher level of investment.

The main inflows and outflows of the fund mainly depend on changes in fund size. Changes in fund size can be viewed on the fund details page. Under normal circumstances, the size of the fund will become larger when the fund performance is good; when the fund performance is not good, the fund size will become larger. The scale will get smaller.

Fund classification:

(1) According to whether fund units can be added or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not listed for trading (it depends on the situation). They are purchased and redeemed through banks, securities firms, and fund companies. The fund size is not fixed; closed-end funds have a fixed duration and are generally listed and traded on securities exchanges. Investors pass Fund units are bought and sold in the secondary market.

(2) According to different organizational forms, they can be divided into corporate funds and contract funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; it is established by a fund manager, a fund custodian and an investor through a fund contract, which is usually called a contract fund. my country's securities investment funds are all contract funds.

(3) According to different investment risks and returns, they can be divided into growth, income and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds, futures funds, etc.

Closed-end funds

Belong to trust funds, which refer to investments whose size is determined before issuance, remains fixed within a specified period after issuance, and is traded on the securities market. fund.

Since closed-end funds are traded on the stock exchange through bidding, the transaction price is affected by market supply and demand and does not necessarily reflect the net asset value of the fund, that is, relative to its net asset value, the closed-end fund The trading prices of mutual funds show premiums and discounts. The practice of foreign closed-end funds shows that their transaction prices often fluctuate with price fluctuations of first premium and then discount. Judging from the operation of my country's closed-end funds, no matter how the fundamental situation changes, the trading price trend of my country's closed-end funds has never been able to break away from the price fluctuation pattern of first premium and then discount.