Some people buy the floor fund, and the floor fund has to be traded through the brokerage platform. At present, there are still many investors trading floor funds. The advantages of the floor fund are: low handling fee; There are arbitrage advantages, according to market fluctuations, there are premium and discount arbitrage; High efficiency, compared with the purchase and redemption of OTC funds, the transaction speed is fast and the capital utilization rate is high.

1. The market is the stock market, which is what we call the secondary market. Off-exchange market is understood as the stock exchange market, that is, the agency sales of banks and securities companies, and the direct sales of fund companies, that is, the familiar open-end fund sales channels. Closed-end funds and ETF funds can only be purchased in the market (for large investors, ETFs can be purchased in the "primary" market), that is, they can only be purchased in the stock market. Other open-end funds can be purchased off-site, which is a well-known way, in which LOF funds can be purchased on-site.

2. If you open a Shanghai and Shenzhen shareholder account in a securities company, you can conduct on-the-spot transactions between the listed open-end fund LOF and ETF funds in the business department or website of the securities company (if you have bought stocks or closed-end funds before, you don't need to re-open the existing account, just use the original account). The floor trading price is real-time, that is, the price you bought at that time is the same as the price of stock trading. Just like off-site subscription, on-site subscription (subscription) can also get dividends, but there is one difference. The fund dividends purchased on the market can only be cash dividends, and cannot be reinvested. Those purchased off-site can be reinvested. Funds that can be redeemed and purchased on the spot can also be redeemed on the spot. The redemption price is the net value announced by the company on the day after the market closes. Buying (stock method) is different from buying (fund method), and selling is different from redemption.

3. At present, there are five ETFs with Shanghai and Shenzhen stock indexes as the targets, namely SSE 50, SSE 180, GEM, CSI 300 and CSI 500. Investors can not only buy and sell ETF shares in the secondary market, but also buy and redeem ETF shares from fund management companies, but they must exchange portfolio securities (or a small amount of cash) for fund shares or exchange portfolio securities (or a small amount of cash) for subscription and redemption.