1. 000988 fund on the way means that the fund is in the process of being established but has not yet been established.

The fund establishment date refers to the date when the fund manager announces the establishment of the fund after the fund meets the establishment conditions.

Generally speaking, the fund establishment date is the day after the subscription period ends.

2. Funds can be divided into broad and narrow senses. In a broad sense, a fund refers to a certain amount of funds established for a certain purpose.

For example, trust investment funds, unit trust funds, provident funds, insurance funds, retirement funds, and various foundation funds.

Funds in the existing securities market, including closed-end funds and open-end funds, have the characteristics of income-generating functions and value-added potential.

From an accounting perspective, funds are a narrow concept, meaning funds with specific purposes and uses.

Funds are formed because investors from governments and public institutions do not require investment returns or investment recovery, but require funds to be used for designated purposes in accordance with legal provisions or the investor's wishes.