According to the legal form, funds can be divided into contractual funds and corporate funds. At present, all public securities investment funds in China are contract funds, while the vast majority of securities investment funds in the United States are corporate funds.
2. Classification by operation mode
Funds can be divided into closed-end funds and open-end funds according to the mode of operation.
Closed-end fund refers to a fund operation mode in which the fund share is fixed within the term of the fund contract, and the fund share can be traded on a legally established stock exchange, but the fund share holder may not apply for redemption. Open-end fund refers to a fund operation mode that the fund share is not fixed and can be purchased or redeemed at the time and place agreed in the fund contract.
3. Classification by investment object
According to the investment objects, funds can be divided into stock funds, bond funds, money market funds and hybrid funds.
4, according to the classification of investment objectives
According to investment objectives, funds can be divided into growth funds, income funds and balanced funds.
5. Classification by investment philosophy.
According to the investment philosophy, funds can be divided into active funds and passive (exponential) funds. Active fund is a kind of fund that tries to achieve performance beyond the benchmark portfolio. Passive funds do not actively seek to outperform the market, but try to replicate the performance of the index.
6. Classification according to feeding methods
According to the way of raising funds, it can be divided into Public Offering of Fund and private equity funds.
Extended data
Securities investment fund refers to an investment tool that forms an independent fund property by selling the funds raised by fund shares, which is managed by the fund manager and the fund custodian, and makes securities investment in the form of portfolio, and the fund share holders enjoy the benefits and bear the risks according to their shares.
1. Securities investment funds raise funds for securities investment by raising funds. The main way to raise funds is to issue fund bonds to investors, and to pool the small funds scattered by many investors into a large fund to invest in securities such as stocks and bonds.
2, the securities investment fund is the use of trust relationship for securities investment. The so-called trust is the act of entrusting my property to a trusted third party to manage and use it according to my requirements. Investors entrust their property to a professional institution for securities investment, which is their trust in the institution, which manages and invests in full accordance with the requirements of investors and distributes the proceeds to investors. Obviously, this is an act of trust.
3. Securities investment fund is an indirect way of securities investment. After investors buy fund shares, the fund invests its own property in the securities market. Obviously, investors' securities investment is indirect. Therefore, investors cannot participate in the decision-making and management of companies that issue securities.
Baidu encyclopedia-securities investment fund