LOF (listed? Open? Fund) refers to the open-end fund listed and traded on the exchange, and its fund share is based on "? Amount subscription and share redemption? " The way to apply for redemption. Investors can purchase and redeem funds with the net value of fund shares through fund managers or sales agencies entrusted by them, or buy and sell open-end funds through the exchange market at the transaction price set by the trading system. LOF？ It is a localized innovation of China Securities Investment Fund.

What are the characteristics of LOF?

First, the transaction is convenient. Can investors realize all lofs under the same account? Trading and subscription redemption. ?

Second, the cost is low. Secondary market trading? LOF？ The investment cost of shares is much lower than the redemption cost of OTC funds. ?

The third is to avoid the risk of stock selection. Entrust professional institutions to make active or passive investments, so investors do not need to pay attention to the single securities held by the fund at all times. ?

The fourth is to provide liquidity. LOF？ During the closed period, it can also meet certain liquidity needs through secondary market transactions, and the off-site share can be transferred to the on-site participation transaction through cross-system transfer custody.