LOF fund is a "listed open-end fund". After the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets or buy and sell funds on exchanges.
Different from off-exchange fund subscription, on-exchange fund subscription and redemption are more similar to stock trading. If you want to buy the floor fund, you need to open a trading account with a securities company and buy and sell it directly through stock trading software.
We buy funds directly with fund companies off-site, while on-site funds trade with other investors. The transaction price changes in real time, rather than the net value of the fund calculated after the end of the trading day, so special attention should be paid to price control.
In addition, on-site investment funds do not need to pay subscription fees, redemption fees, sales service fees, etc. However, it is mainly to pay trading commissions to brokers. Don't wait until T+ 1 to confirm your own shares and gain profits. Therefore, compared with off-exchange funds, on-exchange funds have more advantages.
However, the subscription threshold of OTC funds is lower than that of OTC funds. Generally, the subscription threshold of OTC money funds is 0. 1 yuan, while other types of funds are 10 yuan, and the minimum for OTC funds is almost 100 yuan.
On the floor is the stock market, also known as the secondary market. Closed-end funds and ETF funds can only be purchased in the market (for large investors, ETFs can be purchased in the "primary" market), that is, they can only be purchased in the stock market. 2. Off-exchange is understood as outside the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels.
Orders must be placed in the stock trading system of securities companies, which are also commonly known as brokers, such as Guo Xin, Huatai and Guangfa.
Off-site transactions through bank counters, online banking, fund company websites, etc. One that everyone is familiar with is the Alipay platform.
Some brokers will also cooperate with fund companies, and they can also buy some OTC funds on the brokerage app. As for whether this fund belongs to on-site trading or off-site trading, the decision is in the hands of the fund. If he applies for the floor fund, he will trade in the market. If he applies for an OTC fund, he trades on the OTC market. Some funds can be traded on or off the market. More common are ETF funds and LOF funds. Just like buying clothes, some can only be bought in online stores, some can only be bought online, and some can be bought online and offline at the same time.