(2) Expert management, saving worry and trouble;
(3) portfolio investment, low risk;
(4) strong liquidity and low cost;
(5) special storage, high safety;
(6) Variety and flexible investment;
(7) Stable operation and considerable benefits.
Fund investment is an indirect way of securities investment. By issuing fund shares, fund management companies concentrate investors' funds, which are managed by fund custodians (that is, qualified banks) and managed and used by fund managers to invest in financial instruments such as stocks and bonds, and then bear the investment risks and share the benefits. Generally speaking, the securities investment fund is an investment tool that collects the funds of many investors and gives them to the bank for safekeeping, and the fund management company is responsible for investing in stocks, bonds and other securities in order to maintain and increase the value.
Classification of fund investment:
1, depending on the filling method
According to the different ways of raising funds, securities investment funds can be divided into Public Offering of Fund and private equity funds. Public offering fund refers to a securities investment fund that raises funds from public investors by public offering and invests in securities. It is open, realizable and highly standardized. Private placement fund refers to a securities investment fund that raises fund funds from specific investors in a non-public way and invests in securities. It is non-public, fund-raising, large investment, closed and unlisted.
2. According to whether it can be listed and traded.
According to whether it can be listed on the stock exchange, securities investment funds can be divided into listed funds and unlisted funds. A listed fund refers to a securities investment fund whose fund shares are listed and traded on a stock exchange. For example, transactional open-end index funds (ETFs), listed open-end funds (LOF) and closed-end funds.
Unlisted funds refer to securities investment funds whose fund shares cannot be listed and traded on the stock exchange. Including realizable funds and non-negotiable funds. A realizable fund refers to a securities investment fund, such as an open-end fund, which can recover its investment through "redemption" although the fund is not listed on the stock exchange. Non-circulating funds refer to securities investment funds, such as some private equity funds, which can neither be publicly traded on the stock exchange nor redeemed to recover their investment.
3, according to the operation mode
According to the different modes of operation, securities investment funds can be divided into closed-end securities investment funds and open-end securities investment funds. Closed-end securities investment funds, referred to as closed-end funds, are also called fixed-end securities investment funds. It refers to a securities investment fund whose capital scale does not increase or decrease within a specified time (also called "closed period") after a predetermined number of funds are issued. From the combination characteristics, it has important characteristics such as equity, creditor's rights and supervision.
Open-ended securities investment fund
Open-end securities investment fund, referred to as open-end fund, is also called variable securities investment fund. Refers to the securities investment fund whose number of fund securities changes due to the issuance of new fund securities or the redemption of principal by investors. From the combination characteristics, it has important characteristics such as equity, deposit and flexibility.
4, according to the organizational form
According to different organizational forms, securities investment funds can be divided into corporate securities investment funds and contractual securities investment funds. Corporate securities investment fund, referred to as corporate fund for short, refers to a securities investment fund company (or similar legal person institution) established in accordance with the provisions of the company law (or commercial law) with legal personality and for profit; In terms of securities, it refers to securities investment fund securities issued by securities investment fund companies.
Contractual securities investment fund, referred to as contractual fund. Organizationally, it refers to the securities investment fund organization formed by issuing fund securities with the nature of beneficiary certificates in accordance with the trust deed principle; Existing securities refer to securities investment fund securities issued by securities investment fund management companies as fund sponsors.