Lof graded fund (leverage &; Reverse ETF) refers to a fund that is listed and traded and can realize leveraged investment and reverse investment. It can double, triple or triple the volatility of indexes such as S&P or Shanghai and Shenzhen 300, and can invest in reverse, that is, it can make a profit when the index falls. Because it can achieve excess returns, some investors call it "the target of stock trading".

Compared with ordinary funds, lof graded funds have obvious characteristics. It uses financial instruments such as loans and futures. The risk is relatively high, but it also has a high return. In addition, compared with ordinary funds, the price changes of lof graded funds are also more intense. Its market value will change with the fluctuation of fund net value, which may affect investors' assets. But for investors, it also has the characteristics of avoiding risks and diversifying investment.

Lof graded funds can achieve investment leverage and reverse trading, so they are also widely used in different investment scenarios. For example, in the case of bad market conditions, investors can reverse the operation of the stock market by purchasing lof graded funds to obtain higher returns. When the market is good, investors can also use lof graded funds to obtain excess returns in the market. In addition, because funds can diversify their investments, investors can also use them as part of their portfolios to obtain relatively stable returns.