1. Closed-End Funds
Open-end and closed-end funds are two distinct types of mutual funds.
In an open-end fund, the fund sells units to the public on a continuous basis. The capitalization of fund is not fixed, normally more units will be issued as investors buy the funds. This is the most common types of fund we are familiar with.

Close-end funds(CEFs) issue a limited or fixed number of shares. The fund will be closed after its initial offering. However, it will usually trades on the secondary market, and investors want to have a taste of it can buy from the open market. The price of closed-end funds are based on market supply and demand, as well as their underlying asset value.

Closed-end funds usually have lower MER than open-end funds.

2. Labour-Sponsored Venture Capital Corporations
The appeal of Labour-Sponsored Fund is its tax advantage.
Always check the track record of the fund.
Always check the restrictions on the qualification of tax credits from federal and provincial government.
Always recognize the risk is above-average.
Always remember your money will be locked in for eight years (2006 rule).

3. Income trusts - please see the Income Trust section

4. Segregated Funds
Segregared Funds are funds sponsored by insurance companies, that included the following attraction to investors:
Maturity guarantee
Creditor protection
Reset feature
Estate transfer

However, it also comes with some of the disadvantages:
High MER
Little befefit of maturity guarantee, because the chances of fund loses its face value in the long run is very small.