The advantages of on-exchange funds: 1. Low handling fees; 2. There are arbitrage advantages, and arbitrage can be made from premiums and discounts according to market fluctuations; 3. High efficiency, compared with the subscription and redemption of over-the-counter funds , fast transactions, high capital utilization; disadvantages: fewer varieties, small range of choices.
Advantages of over-the-counter funds: 1. No account opening is required, many agency agencies can buy them; 2. Fixed investment can be set, which saves worry; 3. Rich varieties; Disadvantages: 1. Low efficiency, subscription cannot be purchased in time Deposits and redemptions cannot be credited immediately, and the fund utilization rate is low. 2. The handling fee is high.