Lof is a listed open-end fund, and its fund shares can be bought and sold in the market like stocks, and can also be redeemed like ordinary open-end funds. So, do you know that lof funds can be bought and sold on the same day? What are the advantages?

Can lof funds be bought and sold on the same day?

Under normal circumstances, lof funds cannot be bought and sold on the same day. Lof fund t+ 1 trading, that is, buying on the trading day, confirming the share on the second trading day, and then selling. It can generally be sold on the third trading day after the end of the trading day. And pay attention to whether the trading time is before or after the trading day 15: 00, the application date is before the trading day 15:00, and the applicant is the next trading day after the trading day 15:00. For example, the lof fund subscribed by investor Xiaoming after Thursday 15: 00 is equivalent to the application submitted on Friday, and the share will not be confirmed until the next trading day, that is, next Tuesday.

What are the advantages?

1 convenient transaction. Investors can realize all lof transactions and purchase and redemption under the securities account.

2 low cost. Lof funds have lower transaction costs than stocks.

3 product types are rich. Lof has a wide range of investments, including various themes, industries and overseas markets.