Open-end funds refer to open-end funds that are traded in the market. Open-end fund, also known as * * * mutual fund, refers to a fund operation mode in which fund sponsors can sell fund units or shares to investors at any time according to their needs when setting up a fund, and can redeem the fund units or shares issued externally at the request of investors. Investors can buy funds through fund sales agencies, so that the assets and scale of the fund will increase accordingly, or they can sell their fund shares to the fund to recover cash, so that the assets and scale of the fund will decrease accordingly.

trait

Open-end funds and closed-end funds are isomorphic, forming two basic modes of fund operation.

1. Open-end funds refer to investment funds whose scale is not fixed, but which can issue new shares or be redeemed by investors at any time according to market supply and demand. Closed-end fund is relative to open-end fund, which refers to the investment fund whose fund size has been determined before issuance and remains unchanged within the specified period after issuance.

2. Open-end funds are not listed and traded, but can be directly sold by fund companies; You can also entrust an agency of a fund company, such as a commercial bank or a securities business department; You can also purchase and redeem online through the website of the fund company, and the fee can be discounted. Its scale is not fixed, and the fund unit can sell it to investors at any time or buy it back at the request of investors. Open-end funds include general open-end funds and special open-end funds. The special open-end fund is LOF, which is called "listed open-end fund" or "open-end fund" in English and "listed open-end fund" in Chinese. In other words, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets, or buy and sell funds on exchanges.

3. Closed-end funds have a fixed duration, and the fund size is fixed during the duration. Generally listed on the stock exchange, investors buy and sell fund shares through the secondary market. Closed-end funds are not allowed to accept new shares and withdraw shares for a period of time before the new round of opening. When opening up, you can decide how much to propose or invest, and newcomers can also buy shares at this time. Generally, the opening time is 1 week and the closing time is 1 year.