Discussion On Our Country's Commercial Banks Marketing Open Fund

Since the open fund came into experiment in Sept. 2001, the issuance of closed fund in our country has been growing marginal. Only 6 closed funds listed in 2002 followed by no listed closed fund. On the country, the open fund becomes increasingly booming and it leads the developing direction of fund business due to its characters of freedom of purchasing & redemption and the redemption price equal to the fund net-value. So to study the open fund business systemically has important realistic significance. Open fund is a kind of advanced and complicated business, which can be studied from multiple perspectives. This article proposes to study open fund from the perspective of our country's commercial banks marketing open fund business.This article includes 4 parts and its conclusion:Part I mainly introduces the history and the basic categories of investment fund. Over one hundred has passed since the invention of investment fund, which has been developing quickly in many countries, and has in the international finance market become an important economic power which can't be ignored. In our country, devoting major efforts to developing investment fund has an important element for further developing Chinese securities market. Investment fund has the following basic categories: The investment fund can be divided into company type fund and contract type fund in light of the organization format and the legal state; the investment fund can also be categorized as open fund and closed fund according to the difference in fund purchasing and fund redemption. The strengths of open fund lies as follows: first, having strong market choice. The fund investor can"vote with...