(1) According to whether the fund units can be increased or redeemed, investment funds can be divided into open-end funds and closed-end funds. Open-end fund refers to an investment fund with a fixed scale. After the fund is established, investors can purchase or redeem the fund shares at any time. Closed-end fund refers to an investment fund whose fund scale has been determined before issuance and fixed within a specified period after issuance.
(2) According to different organizational forms, investment funds can be divided into corporate investment funds and contractual investment funds. Corporate investment fund is a profit-oriented joint-stock investment company composed of investors with the same investment objectives, and invests its assets in specific objects; Contractual investment funds, also known as trust investment funds, refer to investment funds formed by fund sponsors issuing fund shares according to fund contracts concluded with fund managers and fund custodians.
(3) According to the different investment risks and returns, investment funds can be divided into growth investment funds, income investment funds and balanced investment funds. Growth-oriented investment funds refer to investment funds whose investment purpose is to pursue long-term capital growth; Income fund refers to an investment fund whose purpose is to bring high-level current income to investors; Balanced investment fund refers to the investment fund whose purpose is to pay the current income and pursue the long-term growth of capital.
According to the types of investment currencies, investment funds can be divided into dollar funds, yen funds and euro funds. Dollar funds refer to investment funds that invest in the dollar market; Japanese yen fund refers to an investment fund that invests in the Japanese yen market; Euro fund refers to an investment fund that invests in the euro market. In addition, according to the different sources and application fields of funds, investment funds can be divided into international funds, overseas funds, domestic funds, national funds and regional funds. International funds refer to investment funds that have domestic capital and invest in foreign markets.
Legal basis:
Securities investment funds Article 122 A securities company that changes its securities business scope, major shareholders or actual controllers, merges, splits, suspends business, dissolves or goes bankrupt shall obtain the approval of the the State Council securities regulatory authority.