How does the parent fund of the graded fund trade?
There are four main trading modes of graded fund parent fund: subscription, subscription and redemption, secondary market trading and matching conversion.
1 subscribe. Subscription refers to the purchase of funds during the fund raising period. During the trading hours of the exchange, investors can use securities accounts to subscribe for shares of the parent fund through securities companies with fund sales qualifications.
2. On-site subscription and redemption. The parent fund shares of open-ended graded funds can be purchased and redeemed through the exchange floor.
3 secondary market transactions. After the graded fund shares are listed on the exchange, investors can use any securities company to buy and sell the fund shares during the trading time, and the transaction is conducted at the matching price of the trading system.
4 Pairing conversion. The market share of open-ended graded funds can be converted in pairs, including splitting and merging: splitting the parent fund into sub-funds; Merger refers to the merger of sub-funds into parent funds.