FOF is a fund product that invests in various funds, which is also commonly known as "buying a basket of funds". FOF funds directly invest in funds, rather than directly participate in the stock market, so the risk is relatively small. LOF fund is a listed open-end fund, that is, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets or buy and sell funds on exchanges. Lof funds can directly invest in the stock market, which can be traded on the market or off-market. From the risk point of view, FOF fund is less risky and LOF fund is more risky.
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