On-exchange funds refer to funds that can be traded in the secondary market, also called on-exchange trading. They can be bought and sold like stocks. Investors need a stock account to buy and sell. If they want to buy on-exchange funds, Funds require understanding of their trading rules.
What are the trading rules for on-exchange funds?
Most on-exchange funds are T+1 transactions, that is, they can be sold on the next trading day after buying on the same day. On-site funds are divided into LOF funds, currency ETF funds, and ETF funds. The trading rules of different types of on-site funds are different.
LOF fund on-site trading rules:
1. To purchase and sell LOF funds through the Shenzhen Stock Exchange trading system, the number of purchase orders should be 100 or an integer multiple thereof, and the order price should be the minimum The unit of change is RMB 0.001;
2 The increase or decrease ratio is 10%, and the transaction fees are the same as the commissions charged for stocks.
Currency ETF trading rules:
1 Currency ETF funds support on-site trading, with no handling fees and no subscription and redemption fees. However, not all currency ETF funds have agency sales. Only ETF funds sold on an agency basis can be subscribed and redeemed;
If you buy a 2-currency ETF on day T, you will begin to enjoy the benefits on T day, and you can redeem it on T day. If you sell on T day, you will no longer enjoy the benefits on T day. If you subscribe on T day, you will start to enjoy the benefits on T+1. If you redeem on T day, you will not enjoy the benefits on T+1. Purchase on T day and sell on T+2.
ETF fund trading rules:
1. The opening reference price on the first day of listing of the fund is the net value of the fund share on the previous working day;
2. The price of the fund will rise and fall. The price limit is 10%, which will be implemented from the first day of listing;
3 The number of fund purchase declarations is 100 or an integral multiple thereof, and the portion less than 100 can be sold;
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4 The minimum unit change of the fund declaration price is 0.001 yuan. After the market opens, the stock exchange calculates and releases the fund share reference net value (IOPV) every 15 seconds based on the subscription and redemption lists and the real-time transaction data of each security in the portfolio for investors to trade, subscribe for, and redeem funds. Reference when sharing.
The prices of on-site funds fluctuate in real time. Unlike OTC funds, which only have one net value every day, the trading hours of on-site funds are the same as stock trading hours, from 9:30 to 15:00 in the morning. Commission will be charged.