How to choose a closed end fund and an open end fund Speed urgently

To choose open** and closed**, first analyze the difference between these two types**, and then choose according to the difference between the two, and then choose based on your own financial situation.

First of all, the difference between open and closed:

1.The duration of the event varies.

There is no fixed period for open-ended, and investors can redeem ** units from the **manager at any time; Closed**, on the other hand, usually has a fixed closure period, generally 10 or 15 years, which can be appropriately extended with the approval of the General Assembly of Beneficiaries and the consent of the competent authority.

2.Scale variability varies.

Open-ended** usually has no limit on the size of the issue, and investors can apply for subscription or redemption at any time, and the size of ** will increase or decrease as a result; The closed-end ** shall specify its ** scale in the prospectus, and the total amount shall be fixed during the duration of the issuance after issuance, and the issuance shall not be increased without the approval of legal procedures.

3.Redeemability is different.

Open-ended** is legally redeemable. Investors can apply for redemption at any time after a period of time after the end of the initial offering, which period shall not exceed 3 months. The closed-end ** cannot be redeemed during the closed period, and the listed ** can be transferred and traded through the **exchange, and the share remains unchanged.

4.Transactions** are calculated differently.

Closed-end transactions are affected by market supply and demand, and often appear at a premium or discount, which is usually a discount transaction, and does not necessarily reflect the net asset value of the market; The open-ended subscription price is generally the net asset value of the unit plus a certain purchase fee, and the redemption price is the net asset value minus a certain redemption fee, which has little correlation with market supply and demand.

5.Investment strategies are different.

In order to cope with any redemption and redemption by investors, open-ended** must retain a portion of cash and highly liquid financial instruments in the portfolio; The closed-end ** capital will not be reduced, which is conducive to long-term investment, and the ** asset portfolio can be carried out within an effective predetermined plan.

Now that the differences are in front of you, I believe you should know how to choose the right investment for you**.

It is best to choose a closed type with a high discount rate and ready to convert to an open type when it expires in the past 2 years. In this way, there will be a better yield when the maturity is converted.

There are many open-ended varieties, and the risk and return from high to low are ** type, hybrid type, bond type, currency type, and you had better choose different ** varieties of investment according to your risk tolerance.

In the short term, you can choose the currency type**.

Long-term investment or regular investment can choose the top investment, higher yield, strong trend of the investment.

First learn to maintain value, and then learn to increase value and hedge, buy real estate or buy ** or buy dividend insurance, Xinli is good.

Answer]: C This question examines the knowledge points of investment.

Depending on the mode of operation, it can be divided into closed and open.

Closed-end refers to the total amount of issuance that is limited, once the issuance period expires, it is declared established, and the banquet is closed, and no additional issuance is made, so it is also called fixed. Closed-ended** will no longer accept new investments during its duration, and investors may not apply for redemption from the issuer, but can be transferred in the secondary market.

Open-ended refers to the fact that the total amount of issuance is not fixed and can be issued in addition. Investors can request redemption from the issuer, and they can also add the buyer to the **, so it is also called the add-on type**.

Guide the new trend of long-term investment philosophy and public offering market with closed-end equity class.

What are the benefits of participating in closed-end investment?

Expected earnings are higher.

Judging from the results of data statistics, in 2019, the average arithmetic return of the market-wide closed** was 44%, and the average arithmetic return of the ordinary open** was 22%, which shows that the yield of the closed** is much higher than that of the open**. The closedness of the closed type is conducive to the stability of Zheng Chongqing, and it is also better for the manager to manage and create higher returns.

It's easier to stick to long-term investments.

Closed** will have a certain closed period, during which investors cannot subscribe and redeem, so investors are forced to make long-term investments.

Focus more on long-term returns.

Closed-end is more conducive to managers to do long-term investment strategies, which can smooth short-term market fluctuations and bring long-term performance returns under the effect of time. There is no need to worry about a large number of redemptions by investors due to performance fluctuations**, which will affect the normal execution of the strategy.

Strive for higher returns with less risk.

In economics, there is a theory called the "impossible triangle" theory, which corresponds to the investment is risk, return, and liquidity, which cannot exist at the same time, and it is impossible to maintain high returns, low risks, high liquidity, and closed judgment at the same time.

Most are open-ended, such as:

Bosera Cash Earnings Currency 050003

Nanfang Longyuan 202007

They are characterized by the fact that they can be purchased and redeemed from ** companies at any time. Unless the company temporarily closes the subscription and redemption due to some special reasons.

Closed** is limited by the period of closed operation, during which it is not possible to subscribe and redeem. Only after expiration, or on the date specified by the manager, can it be subscribed and redeemed.

For example, Bosera Yuyang, 500006, has a closed period of up to 15 years and can only be traded in the secondary market.

Answer]: A According to the method of fund raising, it can be divided into two categories: public offering ** and private offering **. According to the legal form, it can also be divided into contract, company, limited partnership and other forms; According to the operation mode of Hongsen Fengzhao, it can also be divided into open and closed.

Answer] :(1) The decision method of the open-ended base file carrying money: the purchase and sale of open-ended investment ** is determined by the net asset value of ** plus a certain handling fee.

2) The decision method of closed-ended: Although the closed-end unit is based on the net asset value, it is also affected by the degree of leverage, and changes more with the change of market supply and demand.