Open-end securities investment funds.

LOF refers to an open-ended securities investment fund that is issued, listed and traded on the stock exchange. Listed open-end funds can be subscribed and traded centrally through stock exchanges, and can also be subscribed, purchased and redeemed through fund managers, banks and other consignment agencies.

Main features:

1. Listed open-end funds are still open-end funds in essence, and fund shares can be purchased and redeemed at the time and place agreed in the fund contract.

2. The offering of listed open-end funds combines the sales advantages of banks and other consignment agencies and the trading network of Shenzhen Stock Exchange.

3. Investors can choose to purchase and redeem fund shares at the net closing value of the fund shares in banks and other consignment agencies, or choose to buy and sell fund shares at the matching transaction price in the securities business departments of the members of the stock exchange.

Expanding information

Advantages:

1. Convenient transaction: The emergence of LOF allows investors to buy and sell open-end funds like stocks and closed-end funds. Moreover, LOF makes the transaction more efficient because it adopts the telephone and network mode of the exchange.

2. Low fees: The fees charged for listed open-end funds trading on the stock exchange shall be handled according to the relevant provisions of closed-end funds, and the fees such as the transaction fee rate set by brokers are even lower.

3. No limit: In the primary market, that is, when purchasing and redeeming, LOF is not limited, and LOF is to exchange cash with investors.

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