What are the trading rules and fees of on-site funds?
1 trading hours: Like the stock market, the market is closed from 9: 30am to11:30am and from13: 00pm to15: 00pm on weekends and holidays.
2 Transaction costs: The transaction costs of on-site funds are charged according to the commission ratio set by brokers, and the charging standards of brokers may be different. Redemption through the venue is charged according to the subscription fee and redemption fee set by the fund company.
3 Trading rules: Bargaining shall be conducted in the order of price priority and time priority, and the minimum transaction share shall be 65,438+000. The specific funding threshold needs to be judged according to the price of the fund.
4 Time of receipt of funds: the funds in the market can be sold at T+ 1 day after purchase, and the funds can be used after the transaction is successful.
5 dividend method: the dividend method of the on-site fund is only cash dividend, and dividend reinvestment is not allowed.
6 transaction price: the price of the on-site fund is formed according to the matching between investors, not only based on the value (net value) of the fund itself, but also depends on the needs of buyers and sellers. Some fund floor transactions are hot, many people buy them, and the transaction price may be higher than the net value (premium); On the contrary, it may be lower than the net value (discount).
What are the advantages and disadvantages of on-site funds?
Advantages of 1
1) Arbitrage advantage: the price of funds in the market will fluctuate due to the influence of supply and demand in the secondary market, and the fluctuation will bring arbitrage opportunities of premium or discount.
2) Real-time transaction: quick capital turnover. Just like buying and selling stocks, the fund in the market will confirm the share when buying and selling, and the funds will be returned to the account immediately after selling.
2 Disadvantages:
1) Market-making is required: Since the price of on-site funds changes in real time during the trading hours in the secondary market, it is necessary to always pay attention to the ups and downs to avoid missing the best investment opportunity.
2) Less types: The total number of on-site funds is less than that of off-site funds, and the selection range is relatively small. On-site funds are mainly concentrated in LOF, ETF funds and on-site money funds.