Public Offering of Fund refers to a fund that can be raised to the public. Specifically, Public Offering of Fund is a securities investment fund that is supervised by the competent government department and publicly issues beneficiary certificates to unspecified investors. Under the strict supervision of the law, these funds have industry norms such as information disclosure, profit distribution and operation restrictions. For example, at present, the closed-end funds in the domestic securities market belong to Public Offering of Fund.

Second, the classification of Public Offering of Fund?

According to the different investment objects, it is divided into five categories: 1, money market funds; 2. Debt fund; 3. Equity funds; 4. Hybrid funds; 5. Other types such as QDII funds.

According to the investment strategy, it is divided into two categories: 1, actively managed funds; 2. Passively managed funds

According to the trading place, it is divided into two categories: 1, on-site funds; 2. OTC funds

According to the subscription time, it is divided into two categories: 1, open-end funds; 2. Closed-end funds

According to the charging mode, it is divided into three categories: Class A funds; Class b funds; Class C fund

Three, Public Offering of Fund concept is that compared with private equity funds, their differences are as follows.

1. The target of raising funds is different: the target of publicly raised funds is the general public, that is, investors who are not specific to society. Private placement is aimed at a few specific investors, including institutions and individuals.

2. Different ways of raising funds: raising funds through public offering; Non-public offering of private equity funds

3. Different requirements for information disclosure: Public Offering of Fund has strict requirements for information disclosure, including its investment objectives and portfolio. Private equity funds have low requirements for information disclosure and strong confidentiality.

4. Different investment thresholds: the investment threshold in Public Offering of Fund is 65,438+0,000 yuan, and there are also 65,438+00 yuan in Public Offering of Fund; However, the investment threshold of private equity funds is relatively high, and the minimum investment threshold is 6,543,800 yuan.

Four. Specific companies that publicly issue funds:

Cathay pacific fund, southern fund, Huaxia Fund, Hua 'an Fund, Bosera Fund, Penghua Fund, harvest fund, Changsheng Fund, Dacheng Fund and Guo Fu Fund are called the top ten fund companies, which were established between 1998 and 1999, and are the earliest fund companies in China.