Corporate investment fund refers to a profit-making joint-stock investment company established by investors with the same investment objectives according to the company law.
A contractual investment fund is established by the client, the trustee and the beneficiary through the conclusion of the trust deed.
Two, according to whether the size of the fund is fixed, it can be divided into closed-end funds and open-end funds.
Closed-end fund refers to the fund operation mode in which the total amount of approved fund shares is fixed within the term of the fund contract, and the fund shares can be traded on the legally established stock exchange, but the fund share holders are not allowed to apply for redemption.
Open-end fund refers to the fund operation mode that the total amount of fund shares is not fixed and the fund shares can be purchased or redeemed at the time and place agreed in the fund contract.
Three, according to the different ways of raising, can be divided into Public Offering of Fund and private equity funds.
Public offering of funds refers to the public offering of fund shares by funds to the society.
Private placement fund refers to a fund issued to a specific investor in a non-public way.
Four, according to the different investment objectives, can be divided into income funds, growth funds and balanced funds.
Income-oriented funds aim at maximizing the current income, which is characterized by less risk but less long-term growth potential.
Growth funds is a fund aiming at long-term capital appreciation, which is characterized by high returns but high risks.
Balanced funds are between income-oriented funds and growth funds. They not only pay attention to current income, but also pursue long-term capital appreciation, with moderate income and risk.
Five, according to the different investment objects, can be divided into stock funds, bond funds, mixed funds and money market funds.
Stock fund refers to a fund with stocks as its main investment object.
Bond funds refer to funds that mainly invest in various bonds.
Hybrid funds refer to funds that invest in stocks and bonds at the same time.
Money market funds refer to funds that invest in highly liquid securities in the money market.
Six, according to the different sources of funds or funds invested in different regions, can be divided into domestic funds, national funds, regional funds and international funds.
Domestic funds refer to investment funds that only invest in domestic securities and most investors are local residents.
National fund refers to an investment fund that issues fund shares abroad to raise funds and then invests in the capital market of a specific country or region.
A Regional fund is an investment fund that distributes funds to the capital markets of different countries in a certain region.
International funds, also known as global funds, do not restrict countries and regions, and invest funds in major global capital markets to maximize risk diversification.
Seven, other special types of funds
1. hedge fund
The original meaning of hedge fund refers to the fund that uses various derivatives to hedge the portfolio, thus effectively controlling the risk. Nowadays, hedge funds generally refer to funds that pursue the greatest absolute return.
2. Index funds
For investors, index funds can not only get roughly the same income as the benchmark index, but also have the important advantage of low management cost.
3. Comprehensive umbrella fund
Umbrella fund, also known as series fund, refers to a fund structure in which multiple funds * * * use a fund contract, the sub-funds operate independently, and the sub-funds can be converted to each other.
4. Funds in funds
Funds in funds refer to funds invested in other securities investment funds.
5. Capital preservation fund
Capital preservation fund refers to a securities investment fund that ensures that fund investors can recover all the principal on the investment maturity date and may have excess returns through portfolio insurance technology.
6. Exchange traded funds
Exchange-traded fund (ETF) refers to an open-end fund that can be listed and traded on the stock exchange.
7. Listed open-end funds
Listed open-end fund (LOF) is not a new fund, but an open-end fund that can be used for daily subscription and redemption in the primary market, real-time trading in the stock exchange and arbitrage in the primary and secondary markets after issuance.