Unlike open - end mutual funds , closed end funds do not stand ready to issue and redeem shares on a continuous basis 與開放式基金不同的是,封閉式基金不持續(xù)地創(chuàng)造和贖回基金單位。
The dealing procedures of our open - ended mutual funds are conducted on each bank business day in hong kong , except corresponding public holidays in luxembourg . proactive investors could reassess their portfolio in response to the constantly changing investment environment 我們的開放式互惠基金交易可在任何交易日進行盧森堡公眾假期除外,投資者可以隨不同投資環(huán)境轉(zhuǎn)換基金。
Based on this analysis , the unique characters of the liquidity risk of open - end mutual fund in china are demonstrated . the available sources of fund for the redemption are analyzed and divided into two categories : cash assets and equity assets 在此基礎(chǔ)上,指出了我國開放式基金在應(yīng)對流動性風(fēng)險時可以利用的資會來源,并將其劃分為兩大類別,并針對不同類別的資產(chǎn)分別提出相應(yīng)的流動性管理方法。
Then the origin for the liquidity risk of open - end mutual funds is provided through the comparison between the open - end and close - end mutual fund . an overview of china mutual fund industry is presented . further , a comprehensive analysis of factors those affect the liquidity risk is conducted 進而對影響開放式基金流動性風(fēng)險的因素進行了深入的分析,進一步結(jié)合我國證券市場以及證券投資基金業(yè)的特點,總結(jié)出我國開放式基金流動性風(fēng)險的特殊之處。