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What is the fund share purchased on the same day that can be sold but cannot be redeemed?
Hello, according to Article 41 of the Detailed Rules for Trading, Subscription and Redemption of Securities Investment Funds of Shenzhen Stock Exchange (revised on 20 19), investors shall abide by the following provisions when trading with the spot firm contract of Shanghai Gold Exchange as consideration and applying for redemption of gold ETF:

(1) ETF shares bought on the same day can be redeemed on the next trading day;

(2) ETF shares purchased on the same day can be redeemed or sold by bidding on the same day, and can be sold in batches on the next trading day.