Can.

Depending on 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.