Open-end fund refers to a fund in which the total amount of fund issuance is not fixed, and the total amount of fund shares increases or decreases at any time, and investors can purchase or redeem the fund shares in the business premises stipulated by the state according to the fund quotation.

close-ended fund

Closed-end fund refers to a fund whose total amount of issuance is determined in advance and the total number of fund shares remains unchanged during the closed period. After the fund is listed, investors can transfer and buy and sell the fund shares through the securities market.

Company fund

Corporate fund, also known as mutual fund, means that the fund itself is a joint stock limited company. The company raises funds by issuing stocks or beneficiary certificates, and then the company entrusts an investment consulting company to invest.

Growth fund

Growth funds: Yes, this is the most common type of fund. Long-term appreciation of such fund assets. In order to achieve this goal, fund managers usually invest their fund assets in the stocks of companies with high credibility, good long-term growth prospects or long-term surplus.

Income fund

Income-oriented funds mainly invest in securities that can bring cash income, with the aim of obtaining the maximum income in the current period. Income funds have little potential for asset growth and relatively low risk of principal loss, which can generally be divided into fixed income funds and equity income funds.

Balanced fund

Balanced fund is a fund that aims at obtaining current income and pursuing long-term value-added. Funds are usually dispersed in stocks and bonds to ensure the safety and profitability of funds.

public fund

Public Offering of Fund refers to the securities investment fund which is supervised by the competent government department and publicly issues beneficiary certificates to unspecified investors. For example, at present, the closed-end funds in the domestic securities market belong to Public Offering of Fund.

privately offered fund

Private equity fund refers to a collective investment that is not open to the public and raises funds privately from specific investors.

Stock fund

Equity funds refer to funds that mainly invest in the stock market. This is a relative concept. It does not require all funds to buy stocks, but a small amount of funds can be invested in bonds or other securities. ?

According to China's relevant laws and regulations, no less than 20% of the fund assets must be invested in government bonds. Whether a fund is a stock fund is often judged according to the investment objectives and investment scope agreed in the fund contract. Domestic listed closed-end funds and most open-end funds are stock funds.

bond funds

Bond fund refers to all or most of the funds invested in the bond market. If all of them are invested in bonds, they can be called pure bond funds, such as Huaxia bond fund; If most of the fund assets are invested in bonds and a small part can be invested in stocks, it can be called a bond fund.

As stipulated by Southern Baoyuan Bond Fund, bond investment accounts for 45%-95% of the fund assets, and stock investment accounts for 0-35% of the fund assets. When the stock market is bad, you don't have to hold stocks.

Indexed securities investment fund

Index funds are funds invested in an indexed way. Simply put, it is to choose a market index to track and passively invest in the market, so that the income of the fund is consistent with the income of this market index.

Capital preservation fund

Capital preservation fund is a semi-closed fund. Within a certain investment period (e.g. 3 years or 5 years), the Fund not only maintains the potential to provide investors with additional returns by investing in other high-yield financial instruments (stocks, derivative securities, etc.), but also provides investors with a certain fixed proportion of principal return (e.g. 100%, 102% or higher). ).

Investors can get the guarantee of principal return as long as they hold the expired fund. In the case of large market fluctuation or overall market downturn, the capital preservation fund provides a low-risk investment tool with appreciation potential for investors who have low risk tolerance and expect to get higher interest returns than bank deposits and aim at medium and long-term investment.

Exchange traded fund

Exchange-traded funds (ETFs) refer to funds that can be traded on exchanges. Exchange-traded funds are still open-end funds in legal structure, but they are mainly traded in the secondary market by bidding; Moreover, cash subscription and redemption are usually not allowed, but a basket of stocks is used to create and redeem fund units. For ordinary investors, ETFs are mainly traded in the secondary market.

Listed open-end fund (LOF)?

LOF(Listened Open Fund) refers to the open-end securities investment fund listed and traded on the exchange, also known as "listed open-end fund". LOF investors can purchase and redeem funds with the net value of funds through fund managers or their entrusted sales organizations, or they can buy and sell funds through the exchange market at the transaction price set by the trading system.

money market fund

Money market fund is a kind of fund that invests in short-term investment instruments with low risk and high liquidity, such as bank time deposits, commercial promissory notes and acceptance bills, so it has the characteristics of good liquidity, low risk and low income.

Comprehensive umbrella fund

Umbrella fund, also known as umbrella sub-fund or umbrella sub-structure fund, is an organizational form of fund. Under this organizational structure, according to a general fund prospectus, fund sponsors set up a number of funds that can only be converted according to the prescribed procedures and rates. These funds are called "sub-funds" or "component funds"; The fund system composed of these sub-funds is called "umbrella fund".

special fund

Special fund refers to stock fund products that invest funds in specific industries. Compared with general stock funds, special funds effectively narrow the scope of investment and are more targeted in choosing investment targets.

Fund managers can concentrate their main R&D energy on established industries, which not only improves the specialization of investment management, but also reduces management costs to some extent. Take the American fund industry as an example. The common investment fields of specialized funds are high-tech, mass media, health care, finance, public utilities, natural resources and real estate.

Sinking fund? & amp (= National Bureau of Standards) National Bureau of Standards