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What is the difference between selling and redeeming listed open-end funds?
1. Selling means selling at the market price in the secondary market. It needs to be traded on the exchange floor, sometimes with a certain discount premium, and the funds can be received on the same day. The trading rules are the same as those of closed-end funds. In this way, the transaction cost is low, and generally only the brokerage commission.

2. Redemption refers to handling redemption application procedures in fund agency channels: banks, brokers, agency companies or fund companies. Redemption should be carried out in accordance with the provisions of the fund company, usually 5 working days. The redemption rules shall comply with the relevant provisions of the fund company. This redemption is based on the net value of the fund at the close of the day. There is no discount premium, and the operating cost is relatively high, about 2% for one out and one in.