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Why can't funds be sold immediately like stocks?
Funds are divided into on-site funds and off-site funds. On-site funds (traded on the stock exchange) can be sold in real time, and on-site funds are traded at real-time market prices.

OTC funds (OTC market transactions) cannot be sold in real time. Over-the-counter funds are traded at the net value at the close of the fund, and there is only one trading price every day. The transaction price can only be determined at the close, so it can't be traded in real time.