The article then discusses the macro-economic conditions and market conditions of developing Open End Funds in China.

进而探讨了目前我国推出开放式基金所具备的宏观经济条件及市场、人才条件。

youdao

The redemption mechanism of open-end funds determines its particular liquidity risk.

开放式基金的赎回机制决定了其特殊的流动性风险。

youdao

This paper aims to study the liquidity risk of open-end funds in China by empirical means on the basis of Chinese practice and foreign successful risk management experience.

本文从我国证券市场实际情况出发，在借鉴国内外经验和研究成果的基础上，对中国开放式基金的流动性风险进行实证研究。

youdao

He recommends lower-cost, open-end funds when no similar closed-end looks worth buying.

FORBES: When to buy a closed-end

That can be most severe if your broker doesn't offer free reinvestment of the monthly dividend payouts, as done by open-end funds.

FORBES: Magazine Article

You can buy shares at any time at the net asset value, as with open-end funds, but you can only redeem quarterly and not necessarily all your holdings.

FORBES: Fixed Income for Bears