LOF (closed-end fund): "listed open-end fund", which is called "* * * mutual fund" abroad. Refers to the open-end securities investment fund issued, listed and traded on the stock exchange. Do you know which ones? The following are the purchase methods and characteristics of LOF funds compiled by Bian Xiao. What does OF mean? For reference only, I hope it will help you.

So, how to buy LOF funds?

(1) After LOF is issued, investors can purchase and redeem fund shares at designated outlets. But if you want to sell these fund shares online, you must go through certain transfer custody procedures.

(2) It can also be traded on an exchange. If you want to redeem the fund shares purchased online in the exchange at the designated outlets, you must also go through certain transfer custody procedures. However, according to the on-site subscription and redemption business that has been opened by Shenzhen Stock Exchange, the LOF purchased on the site does not need to go through custody procedures and can be directly thrown out.

Features of LOF Fund:

(1) is essentially an open-end fund.

The total amount of shares is not fixed, and the fund shares can be purchased and redeemed at the time and place agreed in the fund contract. Open-end fund+exchange transaction =LOF!

(2) The sale of listed open-end funds combines the sales advantages of banks and other consignment agencies with the trading network of Shanghai Stock Exchange.

Investors can choose to purchase and redeem fund shares in banks and other consignment agencies according to the closed net value of fund shares on that day; You can also choose to buy and sell fund shares in the securities business departments of the members of the Shanghai and Shenzhen Stock Exchanges.

Note: (1) Matching transaction price: your/others' buying price, and the transaction will take effect only after others'/your selling price. Driven by the relationship between supply and demand, it constantly changes at different times on different trading days;

(2) The trading system of Shenzhen Stock Exchange adopts the general online pricing method for issuing new shares.

How many LOF funds are there?

LOF fund, also known as "listed open-end fund", refers to the open-end securities investment fund issued, listed and traded on the stock exchange. After the issuance of listed open-end funds, investors can not only purchase and trade fund shares at designated outlets, but also trade funds at exchanges. So what is Lof Fund?

After the LOF fund is approved for listing and trading, investors can not only choose to buy and sell the fund shares in banks and other consignment agencies according to the net value of the fund shares closed on the same day, but also choose to buy and sell the fund shares in the securities business departments of the members of the stock exchange according to the transaction price. Moreover, its subscription and exchange procedures in banks and other consignment agencies are the same as those of ordinary open-end funds. The trading methods and procedures of open-end funds listed on the stock exchange are basically the same as those of closed-end funds.

In addition, LOF fund is an open-end fund, and the proportion of the total fund is not fixed. The fund proportion can be purchased and exchanged at the time and place agreed in the fund contract. Its sales combine the sales advantages of banks and other consignment agencies with the trading network of Shenzhen Stock Exchange. Banks and other agency outlets still use the current consignment platform, while Shenzhen Stock Exchange adopts the popular online pricing method for new shares.

If investors buy LOF funds at designated outlets and want to sell them online, they must go through certain transfer custody procedures; Similarly, if you want to exchange the proportional funds you bought online at the exchange, you must go through certain transfer custody procedures. So what is Lof Fund?

At present, most funds with fund code 16 are LOF funds. For example, S&P Bio with fund code 16 1227, American REIT with fund code 160 140, and Warburg Oil and Gas with fund code 1624 1 1

What does the index lof mean?

The so-called LOF fund means listed open-end fund in Chinese, and the index LOF is the LOF fund used to track the index. Generally speaking, traditional closed-end funds can be traded on the market, while traditional open-end funds can only invest off-market. LOF has both characteristics. LOF funds have the following characteristics:

1 Fund shares can be purchased or redeemed off-site at the same time, or both on-site and off-site can be linked through the transfer custody mechanism. Therefore, LOF, that is, in addition to subscription or redemption, can also be traded in the secondary market like closed air.

2LOF can be a passive index fund or an active management fund.

3LOF subscription has a low starting point and is more suitable for small and medium investors to participate.