Distinguish from the purchase channel:
On-site funds are generally purchased on exchanges and need stock accounts, mainly some ETF funds. Off-exchange funds are purchased on platforms such as brokers, banks, fund companies, Alipay and WeChat.
Distinguish from the way of purchase:
On-site funds need to be bought and sold in trading software using stock accounts; OTC funds need to use the fund account for subscription and redemption.
The difference from buying an APP:
For example, the ETF listed in the stock search column on the brokerage APP is the on-site fund, while the fund searched on the brokerage finance menu bar is the off-site fund.
In addition to the above, investors can also distinguish between on-site and off-site funds from transaction costs and transaction prices after purchase. Tip: The above classification method does not include LOF funds. It can be bought and sold in the market, and it can also be bought and redeemed outside the market.