After the listed open-end fund is approved to be listed and traded in Shenzhen Stock Exchange, investors can sell it in the secondary market in two ways: they can choose to purchase and redeem the fund shares at the net closing value of the fund shares in banks and other consignment agencies, or they can choose to buy and sell the fund shares at the matching transaction price in the member securities business department of Shenzhen Stock Exchange.

This is the biggest advantage of LOF compared with other common open-end funds. Ordinary open-end funds can only be traded in the secondary market in the first way. The disadvantage is that on the one hand, trading is inconvenient, because limited trading must be carried out at a fixed time every day, investors can't do whatever they want, and LOF can be traded in the stock market, which is much more convenient; On the other hand, LOF's trading method avoids the abnormal depreciation of the value of ordinary open-end funds. By opening up over-the-counter transactions (subscription and redemption by consignment agencies) and over-the-counter transactions (exchange transactions), it not only provides an arbitrage mechanism, but more importantly, arbitrage makes the price of over-the-counter transactions tend to be consistent with that of over-the-counter transactions, so that the value of funds returns to normal and the interests of investors are protected.