LOF is the abbreviation of listed open-end fund, which is called listed open-end fund.
They are characterized by two ways: purchase, redemption and transaction.
Fund trading is a kind of circulation and transfer activity with funds as the buying and selling object and at its own risk and income.
(1) According to whether the fund unit can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
(2) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.
Buying, including subscription, subscription, fixed investment, etc. ; Selling includes redemption, liquidation, etc.
What are the classifications?
Subscription:
It refers to the process of investors buying fund shares during the period of raising open-end funds, when the funds have not been established. Usually, the subscription price is the face value of the fund share (1 yuan/share) plus certain sales expenses. Investors who subscribe for this fund shall fill in the subscription application form at the fund sales point and pay the subscription fee.
Subscription:
Fund subscription refers to the behavior that investors open fund accounts in fund management companies or selected fund consignment agencies and apply for purchasing fund shares in accordance with the prescribed procedures.
Redemption:
Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account.
Liquidation:
Generally refers to closed-end funds. This kind of fund has a fixed number of years, and its net value will be liquidated after the expiration of the fixed number of years. Stop running or turn on.
Fixed investment:
Fixed investment is the abbreviation of fixed-term investment fund, which refers to investing a fixed amount in a designated open-end fund at a fixed time, similar to the bank's zero deposit and withdrawal method.
When is the trading time?
Ordinary purchase:
If you buy on a certain trading day (Monday to Friday, when the stock market opens), you will generally see the fund share you bought after T+2(T is the trading day when you buy the fund, and +2 is the two trading days after the day you buy it). Reservation funds should be purchased on non-trading days, and will generally be postponed to the next trading day for trading.
Fixed investment:
Fixed investment refers to trading at the time selected by customers. If the selected time is not a trading day, it will be postponed.