The position of the fund refers to the ratio of the actual investment of the investor to the actual investment. For example, there are 654.38+10,000 yuan for investment, and now 100,000 yuan is used to buy funds. The position 10% is a one-story warehouse, and 20,000 yuan is a two-story warehouse, and so on. Sub-position of funds means that the main business of brokers is brokerage business, and fund companies cannot apply for seat trading, but can only rent seats from brokers.

Extended data

1. Stock trading hours:

The trading time is 4 hours, which is divided into two periods: Monday to Friday from 9: 30 am to 1 1: 30, and in the afternoon from 13: 00 to 15: 00.

From 9: 00 am15 am, investors can place orders, and the entrusted price is limited to10% of the closing price of the previous trading day, that is, between the daily limit and the daily limit. Orders entrusted before 9: 25 am are matched at 9: 25 am, and the price obtained is the so-called "opening price". Orders placed between 9: 25 and 9: 30 were not processed until 9: 30.

If the entrusted price cannot be concluded on the current trading day, the order must be re-registered every other trading day.

2. Rest days: Trading is not allowed on Saturdays, Sundays and rest days announced by the Shanghai Stock Exchange. (Generally, it is the national legal holidays such as May 1 International Labor Day, National Day, Spring Festival, New Year's Day, Tomb-Sweeping Day, Dragon Boat Festival and Mid-Autumn Festival).

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. A fund is established by issuing fund shares to establish an investment fund company, which is usually called a corporate fund; The establishment of fund managers, fund custodians and investors through fund contracts is usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investors, it can be divided into bond funds, stock funds, money funds and hybrid funds.