lof is not an index fund at all, and the two funds are not comparable at all, but they do have some similarities. They are both open-end funds, and both of them can be traded on the exchange, which is what we often call the secondary market, provided that you open a securities account with a securities company. As for the fact that you said that you should subscribe for at least 1 million etfs, that's history. There used to be that rule, but now there isn't. You can subscribe for an ETF as long as you are in 1 yuan.