LOF is an English abbreviation, which means frame loss, listed open-end fund and LOF function. The full name of LOF fund is "listed open-end fund" in English and "listed open-end fund" in Chinese. In other words, 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.

Because LOF is different from ordinary fund product innovation, its launch means opening up new trading varieties in the exchange, which can be imitated by future open-end funds. This is a major change in the circulation mode of fund transactions, and all parties need to be very cautious. By the end of 2007, 25 listed open-end funds had been listed and traded in Shenzhen Stock Exchange.

Extended data:

LOF fund is an open-end fund, which can purchase or redeem fund shares in the OTC market at the same time, and organically link the OTC market with the OTC market through the share transfer custody mechanism.

In China, funds with ETF suffix are index funds. Funds with LOF suffix: they can be index, stock, mixed partial stock and mixed balanced funds.

Funds with suffix LOF: They can be traded on and off the market, but they cannot interoperate on and off the market. The same fund, due to different custody systems, cannot be listed and traded if it is purchased over the counter; Things bought in the market cannot be redeemed in the market.

If you want to change OTC funds into OTC funds, you need to switch fund custody; Or conversely, Dallas goes to the auditorium of the market, and such funds are bought and sold like stocks; Over-the-counter funds can only be purchased or redeemed.

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