The fund's down limit means that the fund's decline has reached the specified maximum and will not continue to fall. Generally closed-end funds, ETF funds, LOF funds, etc. Closed-end fund limit 10%. ETF funds are limited to 10%, but index funds that track only GEM stocks are relaxed to 20%. LOF funds are limited to 10% after listing.

The rise and fall of the fund is mainly determined by the investment target. Generally speaking, when the investment target rises, the fund will rise; The investment target fell and the fund fell. Therefore, the fund limit represents the limit of the fund investment target. Of course, it is also possible that there are a large number of sell orders in the fund.

Open-end funds have no price limit, so there is generally no price limit.

close-ended fund

Closed-end fund refers to a securities investment fund that has determined the total amount of issuance and the issuance period when it is established, and fixed the total amount of issuance within the specified period after the issuance is completed. Investors cannot purchase or redeem the fund during its existence.

open-ended fund

Open-end fund (* * * the same below) refers to the securities investment fund whose share or total share size is not fixed at the time of fund issuance. Investors can buy or redeem the fund during its existence.

ETF fund

ETF, the full name of trading open-end index fund, is an open-end fund that can be traded on the exchange. Unlike ordinary funds, which use a single stock as the transaction target, ETF funds use a stock portfolio as the transaction target.

Listed open-end funds

LOF fund is an open-end fund, which can not only purchase or redeem fund shares off-site, but also organically link off-site and on-site markets through the transfer custody mechanism. Among them, on-site transactions are conducted through securities companies; Off-site online banking, counters and other channels.