What are the on-site funds?
1ETF fund
ETF is a transactional open index fund. For ordinary investors with little money, buying ETFs is more in the secondary market, that is, the on-site market.
2 Closed-end funds
After the closed-end fund is issued, the share is fixed, and it cannot be purchased and redeemed off-site, but it can be traded on-site. In addition, some fixed-term funds will be transformed into LOF funds after expiration, and become open-end funds that can be traded on and off the market.
3 graded A/B funds
Generally, classified funds that can be traded on the market are mainly divided into fixed income category A and leverage category B, and classified parent funds are generally purchased and redeemed off-site.
4of fund
LOF is a listed open-end fund, which is both an on-site fund and an off-site fund.
On-site funds can't purchase off-site, and their trading rules are basically the same as those of stocks, but some on-site funds can trade T+0, including currency ETFs, cross-border ETFs, bond ETFs and gold ETFs, mainly because the basic assets of such on-site funds can trade T+0.