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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With the analysis under the incomplete contract theory and principal-agent theory, there is no such an optimum governance structure for open-end fund either contract style or corporate style.

从不完全契约理论和委托代理框架的视角分析开放式基金治理结构，可以得出不存在最优的治理结构的结论。

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That's not as cheap as Vanguard Health Care, an equally high-flying open-end fund (up an identical 35% this year) that charges just 0.4%.

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The four iShares index funds (see table below), issued by the Global Investors unit of Barclays (nyse: BCS - news - people ), sport a rock-bottom expense ratio of 0.15 versus open-end bond fund averages of around 1.00 and the 0.20 charged by low-cost leader Vanguard.

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

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