Calculate the primary market. LOF funds combine the characteristics of closed-end funds and open-end funds, and open-end funds can only be purchased and redeemed in the primary market; Closed-end funds can only be traded in the bipolar market by opening shareholder accounts. Buying funds in the primary market can be done in banks, securities companies and fund companies. Only the fund company itself is a direct seller, and other banks and securities companies are fund consignment agencies. Buying funds in securities companies and banks is a net purchase, and there is only one net value in one day. To put it bluntly, the stock bought by the fund manager has gone up today, and the net value of the fund may have gone up. In the bipolar market, that is, the market, what you buy is similar to the nature of stocks. Based on the relationship between supply and demand, there are quotations from time to time, unlike there is only one quotation outside the market. You can transfer the LOF fund you bought in the bipolar market to the OTC market, so there will be the possibility of arbitrage. Please ask the local brokerage agency about the specific transfer procedures.

Moreover, the funds you bought in securities companies can't be sold in banks, because they are all consignment agencies, which are obviously competitive. You can't sell the fund in the bank unless you transfer it from the securities company to the bank.