First of all, on-site funds and off-site funds trade in different ways. On-site funds refer to funds listed and traded on the stock exchange, and investors can buy and sell through the trading system of the stock exchange. OTC funds refer to funds sold by fund companies or banks, and investors can buy and sell them through counters or the Internet.
Secondly, the trading hours of on-site funds and off-site funds are also different. The trading hours of on-site funds are the same as those of the stock exchange, that is, from 9: 30 am to 3:00 pm from Monday to Friday. On the other hand, the trading hours of OTC funds are more flexible, and fund companies or banks are usually open for trading at specific times of the working day.
In addition, the fee structure of on-site funds and off-site funds is also different. On-site funds usually charge trading commissions, management fees, custody fees and other fees, and these fees are relatively high. OTC funds usually only charge management fees and sales service fees, and the fees are relatively low.
In addition, the differences between on-site funds and off-site funds in transaction mode and fee structure will also affect the liquidity and price fluctuation of funds. Due to the convenient trading mode and fixed trading time, the liquidity of on-site funds is relatively high. At the same time, the price of funds in the market fluctuates greatly. However, OTC funds have complex trading methods, irregular trading hours and relatively low liquidity. However, due to the relatively small trading volume of OTC funds, its price fluctuation is relatively small.
To sum up, the differences between on-site funds and off-site funds mainly lie in trading mode, trading time, fee structure, liquidity and price fluctuation. Investors can choose their own fund products according to their own needs and risk tolerance.