The raising of open-end funds can be divided into initial public offering and daily fund subscription. Initial public offering: There is a raising period in the initial stage of the fund, during which investors can subscribe for the fund. When the amount raised by the fund reaches the target, the fundraising ends and the fund is established.

Daily subscription: after the fund is closed, you can purchase and redeem the fund every day. The scale of open-end funds is not fixed, and the daily subscription of fund shares is equally effective.