Because although the same fund may have two different prices, due to the existence of arbitrage mechanism, the secondary market transaction price of on-site funds will be close to the net value of off-site funds. There is a certain correspondence between internal funds and OTC funds, but OTC funds are not equal to OTC funds. OTC funds include a wider range, generally including OTC funds, such as LOF funds, graded funds and closed-end funds. Over-the-counter subscription and redemption can change the number of fund shares, and the number of over-the-counter shares remains the same, so it can be traded like a stock.

Fund:

Fund, in English, refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations. From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.