LOFa generally refers to LOF fund class a, and lofc generally refers to lof fund class C .. The difference between LOF Fund Class A and Class C: Class A will generally charge the application and redemption fees and collect them in one lump sum; Class C does not have the application and redemption fee, but it will charge the withdrawal fee every day. Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.

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From the perspective of accounting, fund is a narrow concept, which means funds with specific purposes and uses. The funds we mentioned mainly refer to securities investment funds.

Classification:

According to different standards, securities investment funds can be divided into different types:

(1) According to whether fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (it depends on the situation), and the fund size is not fixed through subscription and redemption by banks, brokers and fund companies; Closed-end funds have a fixed duration, generally listed and traded in securities exchanges, and investors buy and sell fund units through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. Funds are established by issuing fund shares to establish investment fund companies, which are usually called corporate funds; Fund managers, fund custodians and investors are established through fund contracts, which are usually called contractual funds. China's securities investment funds are all contractual funds.

(3) According to the difference of investment risks and returns, it can be divided into growth funds, income funds and balanced funds.

(4) According to different investors, it can be divided into four categories: bond funds, stock funds, money funds and hybrid funds.

fund form:

which one is the earliest hedge fund is still uncertain. During the great bull market in the United States in the 192s, there were countless such investment tools specifically for the rich.

Open-end fund:

Open-end fund (LOF) is called "Listened Open-Ended Fund" in English, "Listed Open-end Fund" in Chinese and * * * Mutual Fund abroad. That is to say, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets or buy and sell the funds on the exchange.

However, if the investor wants to sell the fund shares purchased at the designated outlets, he must go through certain transfer custody procedures; Similarly, if you want to redeem the fund shares bought online on the exchange and want to redeem them at the designated outlets, you must also go through certain transfer custody procedures. It is a fund with variable issuance, the total number of fund shares (or units) can be increased or decreased at any time, and investors can purchase or redeem it at the business place designated by the fund manager according to the quotation of the fund.