The trading hours of funds are the trading hours of stocks, from 9: 30 am to 3: 00 pm every day.
Funds that apply for trading during non-trading hours are traded at the closing price of the next day.
Trading hours are working hours; However, the net transaction value is bounded by the stock closing at 15. Orders placed before 15 are traded at the net value of the current day, and orders placed after 15 are traded at the net value of the next day.
Funds that apply for trading during non-trading hours are traded at the closing price of the next day.
According to whether fund units can be increased or redeemed, they can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), but are purchased and redeemed by banks, brokers and fund companies, and the fund scale is not fixed; Closed-end funds have a fixed duration and are generally listed and traded on the stock exchange. Investors buy and sell fund shares through the secondary market.
Extended data:
Channel classification
Direct selling channel
Fund companies' own trading channels. For example, through online transactions of fund companies.
Consignment channel
That is, through banks, securities companies and other institutions, investors can buy directly from banks and brokers.
Trading channel
At present, there is only one online third-party trading platform registered by the CSRC, and remittance wins every day. Its advantage is that all funds can be purchased through one account at a rate of 40% (the lowest among various channels at present).
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