There are many kinds of funds. At present, there are more than 4000 funds in China. How can we classify so many funds?
First, according to whether the fund can be purchased and redeemed in the primary market (OTC market), it can be divided into: Open end funds and closed-end funds. The primary market, also known as the open market, is a fund that can be bought directly through online banking, Ant Jubao, snowball omelet fund, Tiantian Fund website, or the fund official website. The fund that can be bought by downloading an app from a mobile phone is called an open fund. Most of the funds we buy are open-end funds. Closed end funds are those that cannot be bought and sold in the primary market but can only be bought and sold in the secondary market. You must go to a securities company to open a special account and download special securities trading software to buy and sell funds. The scale of closed-end fund is fixed, and you cannot apply for purchase and redemption
