Answer: C and D funds reflect a trust relationship and a beneficiary certificate. Investors become the beneficiaries of the fund when they purchase fund shares.
Option A is incorrect.
Securities investment funds are an indirect investment method.
Option B is incorrect.
A closed-end fund means that once the fund is established, the size of the fund is fixed within a specified period, and fund units cannot be issued or redeemed.
Option C is correct.
Open-end funds refer to investment funds whose fund size is not fixed. Investors can purchase and redeem fund units at the time and place specified in the contract after the fund is established.
Option D is correct.
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