When you first start investing in a fund, someone may suggest that you operate before 3 p.m., so why should the fund operate before 3 p.m.?

Why should the fund operate before 3 p.m. Operation before 3:00?

Fund subscriptions and redemptions before 3:00 are calculated based on the net value of the day, and after 3:00, the shares are calculated based on the net value of the next trading day. We generally choose whether to operate based on the rise or fall of the day. If we settle based on the net value of the next trading day, we need to bear uncertainty.

The fund net value is updated at 3 pm on each trading day, because 3 pm is the closing time of the stock market. Regardless of whether you are buying a fund, in fact, the fund's underlying assets, stocks and bonds, are listed and traded on the stock exchange, so the fund's net value calculation must follow the trading hours of the stock.

If it is an on-exchange fund, it is bought and sold according to the transaction price, and the transaction price of the on-exchange fund will be updated in real time. The so-called on-exchange funds refer to funds listed and traded on stock exchanges, including ETFs, LOFs, and on-exchange closed-end funds.