These are open-end funds that are traded on a stock exchange. The curious thing is that they don’t seem to exist in the United States, and seem to be unique to mainland China. Some people guess they don’t exist in the United States because open-end fund

A closed-end fund (or closed-ended fund) is a collective investment scheme that has a fixed number of shares. Unlike open-end funds, new shares/units in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can b

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. Most ETFs track an inde

An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will be executed at a specified price (or better) after a given stop price has been reached. Once the stop price is reached, the stop-li