Also known as * * * and fund. When the fund is established, the fund share or the total size of the share is not fixed. Open-end funds can sell funds or shares at any time according to the needs of investors, and redeem the issued funds or shares at any time.

What are the characteristics of open-end funds?

(1) has no specific duration.

(2) Strong flexibility. Investors can buy a fixed share of the fund at any time, or they can redeem it at any time.

(3) Strong stability. Open-end funds are not affected by market relations. The net value of fund share is the basis of the transaction price of open-end funds.

(4) High safety. The incentive and restraint mechanism of open-end funds is better.

(5) Strong liquidity. The scale of open-end funds is not fixed, investors can apply for subscription or redemption at any time, and the fund share will increase or decrease accordingly.