If the OTC fund is sold in the morning, the decline in the morning is a loss, because the selling price is calculated after the close of the day. On the morning of the same day, the fund was sold. If it falls, it is not a loss. Prices are traded in real time. According to the trading rules of OTC funds, the selling price of funds sold in the morning is calculated according to the closing price of the day. Even if the fund sold falls on the same day, the selling price is calculated according to the falling price. Therefore, the decline after selling the fund in the morning is also the loss of investors. After the fund is sold, the gains will be calculated if the price rises on that day, and the losses will be calculated if the price falls on that day. If the fund is sold after the close of the day, the next trading day will be a loss and there will be a one-day delay.

In addition, after the OTC fund was sold in the morning, the fund could not be received that day, and it was necessary to wait for the redemption confirmation time of T+ 1. For example, it will be sold on the morning of July 28, and the funds will not arrive until the redemption share is confirmed on July 29.