2. There are different ways to raise funds. Public Offering of Fund raises funds through public offering, while private equity funds raise funds through non-public offering, which is the main difference between private equity funds and Public Offering of Fund. In China, Public Offering of Fund advertises in public media to attract customers, while private equity funds cannot use any media to advertise when attracting customers.
3. Information disclosure requirements are different. Public Offering of Fund has very strict requirements on information disclosure, such as its investment objectives and portfolio. Private equity funds have low requirements for information disclosure and strong confidentiality.
4. Different supervision. Public Offering of Fund is regulated by the CSRC according to law, and the industry is self-disciplined, while private equity funds only belong to ordinary investors.
5. Different investment restrictions. Public Offering of Fund has strict restrictions on the types of investment, the proportion of investment and the matching between investment and fund types, while the investment restrictions of private equity funds are completely stipulated in the agreement. To put it simply, the amount of a stock bought by Public Offering of Fund Company cannot exceed 65,438+00% of the stock, and the proportion of a single stock in a single Public Offering of Fund asset cannot exceed 65,438+00%. However, private equity funds do not have this restriction. If private fund managers are optimistic about Yunnan Baiyao, they can put all their assets in Yunnan Baiyao, which is convenient for private fund managers to buy their optimistic stocks in a large proportion, which is one of the main reasons why many Public Offering of Fund managers switch to private fund managers.
6. Different performance rewards. Public Offering of Fund does not extract performance compensation, but only collects management fees. Private equity funds, on the other hand, charge performance compensation and generally do not charge management fees. For Public Offering of Fund, performance is only the honor when ranking, while for private equity funds, performance is the basis of remuneration.
7. Different investment limits. The subscription limit of Public Offering of Fund is generally 1 1,000 yuan, and some of the lower fixed investment can be 1 1,000 yuan to meet the participation of ordinary small and medium investors; However, private equity funds have relatively high restrictions on the amount of investors. At present, it is generally allowed to buy only when it reaches 1 10,000 yuan. Of course, some people lower the threshold and can buy it for 500 thousand.
Open-end funds are all publicly issued funds, which can be purchased on the website of fund companies or at the outlets of banks and securities companies.