The second part is the analysis of liquidity risk of open-end fund.

第二部分是开放式基金流动性风险分析。

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Therefore, the study of China's open-end fund risk and its prevention is of great practical significance.

因此，研究我国开放式基金的风险及其防范，具有重要的现实意义。

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Owing to the open-end fund can be purchased and redeemed freely. The scale of the open-end fund can be varied from different actions taken by investors, who can purchase or redeem the fund freely.

开放式基金具有可以自由申购和赎回的特征，同时，开放式基金的规模可以任由投资者申购和赎回的意愿而发生变动。

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The SuperTrust structure had share creation and redemption characteristics of an open-end fund and the trading flexibility of a stock.

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The idea was to first convert this small, open-end fund into a closed-end.

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You can get exposure to junk countries via an open-end fund like Fidelity New Markets or an ETF like the iShares J.

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