Open-ended Fund Basics
WHAT IS OPEN-ENDED FUND?
Open-ended fund is an investment fund contributed by many investors and managed by a professional fund management company, with the purpose of investing in the stock market.
Characteristics of the Open-ended Fund:
· There is no restriction on the number of investors participating and the time of operation.
· Allowing investors to redempt on any trading day of the fund at the price equal to the net asset value (NAV) per unit, directly reflect the fund's investment efficiency.
Type of open-ended fund:
Open-end funds are classified according to the fund's principal investment assets, including the following: money market funds, bond funds, balance funds and stock funds.