Buying funds through bank channels is the choice of early citizens, and it is also the most accessible channel for most people offline. Because bank salespeople can contact customers face to face and rely on the bank's own good image, many people do not trust other channels except banks. Direct login to the fund company website to buy funds is another channel to buy funds. The advantage is that you can buy funds at a relatively favorable rate, but the disadvantage is that a company's website can only buy funds issued by the company, which limits the choice.
1. fund In a broad sense, a fund refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The funds we are talking about now mainly refer to securities investment funds. It is still uncertain which is the earliest hedge fund. During the great bull market in the United States in the 1920s, there were countless such investment tools specifically for the rich. One of the most famous is the Graham-Newman Partnership Fund founded by Benjamin Graham and Jerry Newman. In 2006, Warren Buffett declared in a letter to the American Museum of Finance that the Graham-Newman Partnership Fund in the 1920s was the earliest known hedge fund, but other funds may appear earlier.
2. Before 2004, open-end funds were not listed and traded on the stock exchange, but were generally purchased and redeemed through consignment agencies such as banks or direct selling centers. After 2004, China innovated the operation mode of open-end funds, allowing some open-end funds to be listed and traded on the stock exchange, and became a listed open-end fund (LOF). The scale of the fund is not fixed, and the fund unit can sell it to investors at any time or buy it back at the request of investors. Without duration, it can theoretically exist forever; The price is determined by the net asset value. Closed-end funds have a fixed duration, and the fund scale is fixed during the duration. Generally, they are listed and traded on the stock exchange, and investors buy and sell fund shares through the secondary market. You are not allowed to accept new shares and issue shares for a period of time before the new round of opening up. When opening up, you can decide how much you want to invest or reinvest, and newcomers can also buy shares at this time.