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What is the difference between listed open-end funds and unlisted open-end funds?
Listed open-end funds are funds that can be traded and redeemed in the market (LOF for short).

Unlisted open-end funds are funds that can only be redeemed.

In addition, since LOF has a buying and selling price and a redemption price, if there is a difference between these two prices, investors can arbitrage from them.

Buying funds in securities companies can earn much more than in other channels.

A securities company is a professional securities management institution and a three-dimensional securities investment platform.

Take the fund as an example, it can be sold off-site like a bank, or on-site like a stock exchange, and you can also transfer the fund share from off-site to on-site according to your needs (for example, there is a price difference between on-site and off-site arbitrage) (but only a more professional securities company can help you do this).