Unlike closed-end funds, LOF funds can be purchased and redeemed over the counter.
Unlike traditional open-end funds, LOF funds can be bought and sold in the market.
Therefore, LOF fund is an open-end fund, and there is no need to convert it into an open-end fund.
Closed-end funds will be cleared and settled on the maturity date, whether to convert them into open-end funds and determine the net value of the conversion will be carried out after clearing and settlement.
The due liquidation and delivery of closed-end funds can be handled automatically by the exchange system without the need for traders to handle it in person.
3LOF funds can purchase the shares issued in the on-site market or make off-site subscription in banks.
Closed-end funds can only be subscribed and traded in the market, not in the bank.