What can the fund operation modes be divided into? Funds are classified according to the mode of operation. Different operating modes of funds, different trading places and ways, the liquidity of fund products is also different. Closed-end funds are mainly traded through exchanges. Open-end funds are mainly purchased and redeemed at fund direct sales and key outlets. Individual open-end fund varieties, such as ETF, can be listed and traded on the exchange, and can also be purchased and redeemed through portfolio securities in the primary market. Fund operation mode In addition, funds with different operation modes will have different operation modes and characteristics. Fund operation mode: Open-end funds should keep some cash to meet redemption, while closed-end fund portfolio operation will have lower liquidity requirements, so the risk-return characteristics of the two types of funds will inevitably be different.

Types, standards and methods of expenses from fund assets. Different fund operation modes have different levels of management fees and custody fees. These fund operating mode clauses are the basis for managers to accrue fund operating expenses, and also an important standard for investors to reasonably expect the level of investment income. Even if the same kind of fund operates, the extraction method of bamboo management fee may be different.