LOF fund is called "listened

open-ended

fund" in English and "Listed

Open-Ended

Fund" in Chinese. That is to say, after the issuance of listed open-end funds, investors can purchase and redeem fund shares at designated outlets or buy and sell the funds on the exchange. However, if the investor wants to sell the fund shares purchased at the designated outlets, he must go through certain transfer custody procedures; Similarly, if you want to redeem the fund shares bought online on the exchange and want to redeem them at the designated outlets, you must also go through certain transfer custody procedures.

lofs (listened

open-ended

funds

) is an open-end fund that can purchase or redeem fund shares in the OTC market at the same time, and organically link the OTC market with the OTC market through the share transfer custody mechanism.

LOF refers to an open-ended securities investment fund that is issued, listed and traded on the stock exchange. Listed open-end funds can be subscribed and traded centrally through stock exchanges, and can also be subscribed, purchased and redeemed through fund managers, banks and other consignment agencies. That is, on the basis of keeping the current open-end fund operation mode unchanged, we will increase the channels for issuance and trading of exchanges.