Public offering funds raise funds from the public in the form of public offering. The investment threshold is very low, 10 yuan or even 1 yuan can participate in the investment, which is suitable for the majority of small and medium investors.
Private equity funds can only raise funds from a few specific investors by private placement, and the investment threshold is very high. Generally, the minimum investment amount is above 6,543,800 yuan, which is suitable for institutional investors and high-net-worth individuals.
2. According to the different trading methods of funds, funds can be divided into closed-end funds and open-end funds.
Open-end fund is a fund with variable issuance amount, and the total number of fund shares (units) can be increased or decreased at any time. Investors can purchase or redeem at the business place designated by the fund manager according to the fund quotation.
The total amount of closed-end funds is determined in advance, and the total number of fund shares (shares) remains unchanged during the closed-end period. After the issuance, it can be listed and traded, and investors can buy and sell fund shares (units) through securities companies.
3. According to the different trading places of funds, funds can be divided into on-site funds and off-site funds.
On-market refers to the listing of the stock exchange, which is what we usually call the stock market, which is also the secondary market. During the trading hours, funds can buy and sell freely and flexibly like stocks, and the transaction cost is also very low. Generally, the transaction fee is less than two ten thousandths or even lower, and stamp duty is not required. The trading operation of floor funds can only be completed in the securities account.
OTC funds refer to funds that are not listed on the stock exchange and can only be purchased or redeemed from fund companies in the primary market. OTC funds only have a daily trading price of 1, which is the net value of the fund after the close. There are many trading platforms for OTC funds. Funds can be purchased or redeemed by fund companies themselves, or by banks, securities companies, Alipay and other fund institutions. However, it should be noted that the redemption fees of different channels are not necessarily the same. In contrast, the rate of OTC funds is cheaper than OTC funds, but the operation is more troublesome than OTC funds.
4. According to the different investment objects of funds, funds can be divided into stock funds, bond funds, monetary funds and hybrid funds.
Equity fund is the most common fund, which mainly invests in stocks. According to the regulations of the CSRC, more than 80% of the fund assets are invested in stocks. Bond funds mainly invest in bonds. According to the regulations of the CSRC, more than 80% of the fund assets are invested in bonds.
Money funds can only invest in short-term treasury bonds, central bank bills, bank deposits and other money market instruments. It is called money fund because it has the same risk-free and ultra-high liquidity as money, and it also has a certain stable income, which can be regarded as "quasi-currency" and "quasi-savings". For example, as a monetary fund, Yu 'ebao can be directly used to buy goods, that is, it has the function of monetary payment.
Hybrid funds invest in stocks, bonds and money markets at the same time, and their asset allocation is relatively flexible. Different allocation ratios of stocks and bonds can be set according to different fund investment objectives, and can also be subdivided into: partial stock funds, partial debt funds, balanced stock-debt funds and flexible allocation funds.
5. According to the investment philosophy of funds, funds can also be divided into active funds and passive (exponential) funds.
Active fund is a kind of fund whose goal is to pursue the performance beyond the market. It will be managed by the fund manager and influenced by others. Passive funds do not actively seek to surpass market performance, but try to replicate market performance without being affected by human factors. Passive funds generally choose a specific index as the tracking object, and try to copy the income performance of this specific index with minimum error, so they are also called index funds.
Tips: The above contents are for reference only. Investment is risky, so be cautious when entering the market.
Reply time: 2021-11-09. Please refer to the latest business changes announced by Ping An Bank in official website.