open-end fund

简明释义

资本额不固定的基金

英英释义

例句

1.The value of an open-end fund is determined by the net asset value (NAV) of its underlying assets.

一个开放式基金的价值由其基础资产的净资产值（NAV）决定。

2.Unlike closed-end funds, an open-end fund continuously issues new shares to investors.

与封闭式基金不同，开放式基金会持续向投资者发行新股份。

3.Many retirement accounts offer open-end funds as part of their investment options.

许多退休账户提供开放式基金作为其投资选项的一部分。

4.When you redeem shares from an open-end fund, you receive cash based on the current NAV.

当你从开放式基金赎回股份时，你会根据当前的净资产值收到现金。

5.Investors can buy shares in an open-end fund at any time, making it a flexible investment option.

投资者可以随时购买开放式基金的股份，使其成为一种灵活的投资选择。

作文

An open-end fund is a type of investment vehicle that allows investors to buy and sell shares at any time, based on the current net asset value (NAV) of the fund. Unlike closed-end funds, which have a fixed number of shares and trade on an exchange like a stock, an open-end fund continuously issues and redeems shares. This feature makes it highly liquid and accessible for investors who may want to enter or exit the market quickly.The structure of an open-end fund is designed to accommodate the needs of individual investors. When you invest in an open-end fund, you are essentially pooling your money with other investors to purchase a diversified portfolio of stocks, bonds, or other securities. This diversification helps to spread risk and can lead to more stable returns over time.One of the key advantages of an open-end fund is its liquidity. Investors can buy shares directly from the fund at the end of each trading day, and the price is determined by the NAV, which reflects the total value of the fund's assets minus its liabilities. This transparency gives investors confidence that they are paying a fair price for their shares. Additionally, the ability to redeem shares at any time means that investors can access their money when they need it, without having to navigate the complexities of a secondary market.However, there are also some drawbacks to investing in an open-end fund. For one, these funds typically charge management fees and other expenses that can eat into your returns. Furthermore, because open-end funds are required to maintain a certain level of cash to meet redemption requests, they may not always be fully invested in the market, which could limit potential gains during a bull market.Another consideration is that while open-end funds offer diversification, they may not provide the same level of control as investing directly in individual stocks or bonds. Investors in an open-end fund must trust the fund manager to make investment decisions on their behalf, which can be a concern if the manager does not perform well.In conclusion, an open-end fund can be a valuable addition to an investor's portfolio, particularly for those seeking liquidity and diversification. It is important, however, for investors to carefully consider the fees and the performance of the fund manager before making a commitment. By understanding the characteristics of an open-end fund, investors can make informed decisions that align with their financial goals and risk tolerance.

开放式基金是一种投资工具，允许投资者在任何时间根据基金的当前净资产价值（NAV）买卖股份。与封闭式基金不同，后者的股份数量固定并在交易所上市交易，开放式基金不断发行和赎回股份。这一特性使得它具有高度流动性，便于那些希望快速进出市场的投资者。开放式基金的结构旨在满足个人投资者的需求。当您投资于开放式基金时，您实际上是将您的资金与其他投资者汇集在一起，以购买多样化的股票、债券或其他证券组合。这种多样化有助于分散风险，并可能导致更稳定的长期回报。开放式基金的一个主要优势是其流动性。投资者可以在每个交易日结束时直接从基金购买股份，价格由NAV决定，反映了基金资产总值减去负债的情况。这种透明度使投资者有信心，他们为股份支付的是公平的价格。此外，随时赎回股份的能力意味着投资者可以在需要时获取资金，而无需面对二级市场的复杂性。然而，投资于开放式基金也有一些缺点。首先，这些基金通常收取管理费和其他费用，这可能会侵蚀您的回报。此外，由于开放式基金必须保持一定水平的现金以满足赎回请求，因此它们可能并不总是完全投资于市场，这可能在牛市期间限制潜在收益。另一个考虑因素是，尽管开放式基金提供多样化，但它们可能不会提供与直接投资于个别股票或债券相同的控制水平。投资于开放式基金的投资者必须信任基金经理代表他们做出投资决策，如果经理表现不佳，这可能会成为一个问题。总之，开放式基金可以成为投资者投资组合中的宝贵补充，特别是对于那些寻求流动性和多样化的投资者。然而，投资者在做出承诺之前，必须仔细考虑费用和基金经理的表现。通过了解开放式基金的特征，投资者可以做出符合其财务目标和风险承受能力的明智决策。