2. Investors can use the OTC trading of lof funds for arbitrage, but ordinary funds can't.
3.lof funds, investors can purchase and redeem fund shares at designated outlets or buy and sell funds on exchanges. However, if investors buy fund shares at designated outlets and want to sell them online, they must go through certain transfer custody procedures; Similarly, if you want to redeem the fund shares purchased online on the exchange and want to redeem them at designated outlets, you must also go through certain transfer custody procedures; Ordinary funds can only purchase and redeem fund shares at outlets or buy and sell funds at exchanges.
Extended information LOF fund is a listed open-end fund, which is essentially an open-end fund. Investors can purchase and redeem fund shares at designated outlets, or buy and sell funds on exchanges. However, if investors want to sell their fund shares online, they need to go through certain transfer custody procedures.