What is a hedge fund? There is no exact definition of a hedge fund in the mature market, and sunlight private placements have been seen as a prototype for hedge funds.
Open-end Funds refers to listed open-ended funds that can be purchased and redeemed at designated outlets or bought and sold on the exchange after they have been issued.
Fund income distribution refers to the distribution of the net income of the Fund to fund holders in proportion to the number of fund units held. If the fund has lost money in the previous year, the current year's income shall be used to make up for the previous year's loss. If there is still any surplus after the fund's loss has been fully made up, the current year's income can be distributed. If the Fund suffers losses in the current year and has no net income, no income distribution shall be made.