LOF funds are still essentially open-end funds. The total amount of fund subscriptions is irregular. Fund subscriptions can be subscribed and redeemed at the time and venue specified in the fund agreement. However, the current standard open-end fund operating model remains unchanged and transactions are enhanced.
Center for issuance and trading.
After the issuance of the new LOF fund is completed, investors can subscribe and sell stock shares at specified business outlets, or they can buy and sell the fund at the trading center just like stocks.
However, it should be noted that if investors want to sell the fund subscription they subscribed to at a prescribed business outlet on the Internet, it cannot be completed immediately and must go through a certain amount of transfer custody procedures. Similarly, if it is in an online trading center
If you want to redeem the purchased fund subscription at a specific business outlet, you also need to go through a certain degree of transfer custody procedures.
However, the improvement of sales and trading channels has added more marketing advantages to LOF funds.