So performance evaluation of open-funds can help reduce the incidence of moral hazard, protect the interests of investors and promote standardization of funds market.

如果没有对基金业绩科学合理的评价，极容易形成保护落后、助长幕后和不法交易的市场氛围。

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No unit or individual is allowed to open a private account for the deposits of the funds of a unit.

任何单位和个人不得将单位的资金以个人名义开立帐户存储。

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The New York exchange claims that customers, such as hedge funds or energy companies, prefer open-outcry because it allows for more liquidity.

纽约商品交易所声称对冲基金或者能源公司这样的客户更喜欢公开叫价，因为这种方式照顾到了更多的流动资金。

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

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After all, loans remain one of the few asset classes that offer retail investors relatively wide distributions, with open-end funds paying yields of 4.5-5% and closed-end funds that use leverage paying 6-7%.

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

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