Question 2: What do you mean by OTC funds and OTC funds? What is the difference? The market is the stock market, which is what we call the secondary market. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels. Closed-end funds and ETF funds can only be purchased in the market (for large investors, ETFs can be purchased in the "primary" market), that is, they can only be purchased in the stock market. Other open-end funds can be purchased off-site, which is a well-known way, in which LOF funds can be purchased on-site. At present, there are five ETFs based on Shanghai and Shenzhen stock indexes, namely SSE 50, SSE 180, SME board index, dividend index and SZSE 100 index. Investors can not only buy and sell ETF shares in the secondary market, but also buy and redeem ETF shares from fund management companies, but they must exchange portfolio securities (or a small amount of cash) for fund shares or exchange portfolio securities (or a small amount of cash) for subscription and redemption. The difference between them: 1, the transaction object is different. There are closed-end basis and listed open-end basis (lop and ETF) for floor trading; OTC funds are all open-end funds, including index funds corresponding to lop and etf. 2. Different transaction methods and price formation. On-site trading is conducted in the form of stock trading. According to the relationship between supply and demand, the transaction is carried out at a timely price, and the price is different at different trading times on the trading day. The OTC price is unknown, and the transaction is based on the net value, and there is only one price per day. 3. The discount premium is different. There is a discount rate in the market, that is, the transaction price is lower than the net value, and there is an arbitrage opportunity. For the listed base, the discount rate is much smaller than the base cover. There is no discount premium problem for OTC funds, and the price is equal to the net value. 4. The trading channels are different. On the floor, you open an account in the stock exchange and trade through the trading software of the securities company. Can't vote, also can't switch. Fixed investment and conversion can be made through over-the-counter trading channels such as bank counters, online banking, securities company counters and fund company websites. 5. The transaction cost is different. General on-site transaction cost is 0.3%; General off-site subscription fee 1-2.5%, redemption fee 1-2%. There is a discount for online direct selling, with a minimum subscription fee of 0.6% and a redemption fee of 0.5%. 6. On-site transactions are timely and off-site transactions are daily.
Question 3: What is the floor fund? On the floor is the stock market, also known as the secondary market. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels.
Question 4: What do you mean by on-site funds and off-site funds? The so-called floor refers to the stock market, and the floor subscription refers to the use of stock accounts to buy funds such as ETF or LOF in the stock market; The subscription in different places is the subscription we usually make in the distribution channels, such as buying funds in Yinjitong.
Question 5: What funds are traded on the floor? What is the fund traded on the floor?
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Closed-end funds, ETF index funds, LOF funds
How to trade on the floor?
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Going to a securities company to list stock accounts and capital accounts is the same as speculating in stocks.
How much is his fee?
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Unilateral about three thousandths.
Can I redeem it at any time?
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This is not a redemption, this is a sale. Just like stocks, what you buy today can be sold tomorrow.
Question 6: What is a floor fund? How to operate specifically? On-site fund purchase refers to the purchase of funds through the trading software of securities companies after opening an account.
Steps to purchase funds:
To buy a fund in the market, you should first consult the securities company about relevant matters, and learn about the bank that has cooperative relations and networking with the securities company, then bring your ID card to this bank to apply for a bank card, and open a bank-securities transfer to deposit cash. Then bring your ID card to the stock exchange to open a shareholder account and a capital account (so-called margin account), sign an entrustment agreement, obtain the shareholder seats in the Shanghai and Shenzhen stock markets, and obtain relevant passwords and materials. After that, you can buy on-site funds. If you sign an online trading commission with a securities company after opening an account, you can also download the stock trading software designated by the securities company that opened the account on your home computer and buy and sell funds on your home computer.
Operation method of the floor fund: The floor fund can be purchased at any time and traded in real time in the same way as stocks. The transaction price is determined by the buyers and sellers, and traded at the market price. The five listed prices are the participants' quotations. If the seller's bid is the same as the buyer's bid, the transaction will be concluded. If you want to close the deal right away, you can quote 1 or you can quote a lower price, but you have to wait. If you can reach your price, you can close the deal.
Advantages of on-site fund purchase:
At least 65,438+0 lots (i.e. 65,438+000 lots) of the Fund are purchased on the spot, and the one-way transaction rate for buying or selling is no more than 0.3%, and stamp duty and miscellaneous fees are not charged. After buying in the market, the fund can be sold in T+ 1 working day, and the fund can be received in T+0 working day. And the fund sold on the same day can be operated by t+0. Therefore, the on-site subscription fund has the advantages of low subscription cost, low transaction rate, fast receipt of funds and convenient band operation.
Question 7: What is the difference between on-site funds and direct purchase funds? In addition to the different code formats, the purchase and redemption price of OTC is based on the unit net value announced by the fund company after the market closes, while the price of OTC fluctuates, which is slightly different every minute like stocks. It is also possible that the closing price of the floor transaction is inconsistent with the net value of the unit announced after the market closes, which is called premium. There is another important difference that must be known. When the on-site transaction encounters dividends, there is no dividend to reinvest, only cash dividends. In addition, the fees for on-site trading procedures are generally low, depending on the regulations of funds and brokers. That's all that matters.
Those submitted before 15: 00 shall be subject to the closing price of the day, and those submitted after 15: 00 shall be counted as the net value of the next trading day. Buying and redeeming are the same. Generally speaking, if you don't understand hype, why bother with the fund if you really have that level? You should go to the stock market. Some funds in the market can't be bought, but there should be more than one Guangfa. It is suggested to enter pinyin abbreviation query.
Question 8: What does it mean to buy a fund in the market? These are two concepts.
1. On-site funds, that is, funds that can be operated in the stock exchange market (that is, buying stocks). 2. Buy, that is to say, this wait-and-see fund buys stocks.
Question 9: What is the significance of trading in the fund? On-site trading refers to the real-time trading of funds in the stock exchange by opening shareholder accounts and using the online trading system of securities companies. Arbitrage can be carried out
OTC trading is outside the securities market. Over-the-counter refers to the purchase and redemption of basic performance through consignment channels such as banks, brokers and fund companies, all of which are over-the-counter fund transactions.
Question 10: What do stocks and funds mean on and off the market? This "market" refers to the exchange. Generally speaking, stock listing means that stocks can be publicly traded on the stock exchange and traded by online trading software and telephone. This is an on-site transaction. However, over-the-counter transactions are generally conducted through the counter or the tertiary market, and some large traders and institutions will bypass the exchange and conduct inquiry transactions directly in the over-the-counter market. Generally speaking, investors trade in the OTC market.