Which income is higher, on-site fund or off-site fund?
Affected by the trading volume, the fluctuation of on-site funds is greater than that of off-site funds, but this does not mean that the income of on-site funds is greater than that of off-site funds, and sometimes the decline of on-site funds is greater than that of off-site funds.
Like stock trading, investors can enter the fund code in the trading interface, enter the buying quantity or selling quantity, and click the buying or selling option. For OTC funds, on some trading software, enter the OTC fund code, enter the amount, and click the purchase or redemption option.
At the same time, investors can use the spread between on-site funds and off-site funds for arbitrage. For example, when the etf price in the market is less than the net value, that is, when the fund is discounted, retail investors can buy etf fund shares at a low price in the secondary market, then redeem the shares in the primary market with the net value, and then sell the shares in the secondary market to complete arbitrage; When the etf price in the market is greater than the net value, that is, the fund premium, retail investors can buy a basket of stocks from the secondary market, then convert them into etf fund shares according to the net value in the primary market, and then sell ETFs at high prices in the secondary market to complete arbitrage.
Of course, some off-site funds can also be converted into off-site funds. The specific steps are as follows:
1. When an investor applies to transfer the fund shares to the on-site system, he shall present valid identity documents to the business department of a qualified member of the Shanghai Stock Exchange for designated transactions, unless the designated transactions have been handled.
2. On the T day, the investor applies to the fund manager of the OTC transferor or its consignment agency for the transfer of fund shares to custody. The fund manager of the OTC transferor or its consignment agency shall declare the transfer custody as required, which must indicate the transferor code (SSE), open-end fund account number, fund code and the number of times of transfer custody, and the number of times of transfer custody shall be an integer.
3. At the end of T Day, China Clearing Company's TA system processes the application for re-custody. The application data of qualified re-custody will offset the fund share of the investor's Shanghai open-end fund account and correspondingly offset the fund share of the Shanghai securities account; For unqualified application data for re-custody, the reasons for failure shall be indicated and fed back to the transferor fund manager or its consignment agency.
4. On T+1day, China Clearing Company will give feedback to the fund manager of the OTC transferor or its consignment agency on the success and failure of the transfer.
The above are some of the higher returns of on-site funds and off-site funds, and I hope to help you.