The full name of LOF fund is "listening open-end fund", that is, listed open-end fund. Compared with other types of funds, LOF refers to an open-end 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. That is, on the basis of keeping the current open-end fund operation mode unchanged, increase the issuance and trading channels of the exchange.

Main characteristics of LOF fund

The biggest feature of LOF fund is that after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets, or buy and sell funds on exchanges. Banks and other agency outlets still use the current counter sales method, while the trading system of Shenzhen Stock Exchange adopts the popular online pricing and issuance method of new shares.

Listed open-end funds are essentially open-end funds, and the total amount of fund shares is not fixed. Fund shares can be purchased and redeemed at the time and place agreed in the fund contract.

How to buy LOF fund?

1, open an account. Investors who want to buy LOF funds must open an account first. LOF funds have two ways to open accounts:

(1) Investors who subscribe, buy or sell listed open-end funds through the trading system of Shenzhen Stock Exchange must use Shenzhen A-share account or Shenzhen Securities Investment Fund account (hereinafter referred to as "Shenzhen Securities Account"). Investors can apply for opening a Shenzhen securities account through the account opening agency (such as a securities company) of China Clearing Shenzhen Branch.

(2) Investors who subscribe, purchase or redeem listed open-end funds through fund managers or their consignment agencies must use Shenzhen open-end fund accounts. Investors can apply for registration of Shenzhen securities account as Shenzhen open-end fund account in the fund manager or its agency. If an investor does not have a Shenzhen securities account, he can apply to the fund manager or his agency for the allocation of Shenzhen securities investment fund account and automatically register it as an open-end fund account in Shenzhen. For the allotted account of Shenzhen Securities Investment Fund, investors can print the account card of Shenzhen Securities Investment Fund at the account opening agency of China Clearing Shenzhen Branch with the printed receipt of the account provided by the fund manager or its consignment agency.

2. subscribe. During the raising period of listed open-end funds, investors can subscribe in two ways after opening an account:

(1) On the trading day of Shenzhen Stock Exchange, investors can subscribe for fund shares online through the securities business department of a securities company qualified for fund consignment business. Irrevocable orders can be declared multiple times, and the subscription share declared each time must be an integer multiple of 65,438+0,000 or 65,438+0,000, and not more than 99,999,000 fund shares.

(2) Investors can also use their Shenzhen open-end fund account opened in China Clearing Company to subscribe for fund shares through the business outlets of fund managers or banks and other consignment agencies (see the fund prospectus published by each fund manager for the specific list of consignment agencies), which is irrevocable and can be subscribed for multiple times.