What is a LOF fund?

The listed open **is called LOF**. Investors can subscribe and redeem ** shares through the open ** account in the primary market, or buy and sell ** on the secondary market exchange, and organically link the OTC market and the on-exchange market through the transfer custody mechanism.

LOF** can be traded on-exchange and over-the-counter, and investors can take advantage of this feature for arbitrage.

Speed up the transaction, that is, LOF has increased the open ** on-site trading, ** of ** shares can be sold on T+1 day, if the ** money sold refers to the method of ** transaction settlement, it can be used on the same day, and cash can be withdrawn on T+1 day, compared with OTC transactions, ** 1 day earlier than the subscription, and 6 days earlier than the redemption at most.

Reduced transaction costs, i.e. investors trading through the secondary market**, can reduce transaction fees, generally up to a maximum of bilateral fees for buying and selling** units through an exchange.

Hello, LOF stands for Listed Open-ended Fund, which is a type of open-ended fund, and the share is not fixed. Investors can either subscribe for and redeem shares in the OTC OTC market at the same day's net value of shares, or they can buy and sell the shares in the OTC exchange market. Through the transfer custody mechanism, LOF** shares can also be changed to the trading venue, organically linking the on-exchange and over-the-counter markets.

Compared with the traditional over-the-counter market, investors trading LOF through the exchange market has lower transaction fees and a faster trading mechanism, and trading LOF through the exchange market will save investors transaction fees and speed up transactions. Since the shares have a net value in the OTC and on-exchange markets and market transactions that fluctuate around the net value, it is also possible for investors to carry out cross-market arbitrage between the two markets through the sub-custody mechanism.

LOF stands for Listed Open**. Different from the general open-ended, investors can subscribe and redeem through the company's direct sales agency, or the agency bank and brokerage, which is called over-the-counter trading; LOF shares can also be traded through the exchange in the same way as buying and selling**, i.e. on-exchange trading. So, LOF is an open-ended that can be bought and sold like a lot.

In general, there is no absolute difference between the on-site and off-site subscription methods of LOF. It's just that because the buying and selling of the secondary market is not only dependent on its net value of shares, but also related to the market supply and demand, therefore, there will be a discount and premium phenomenon in the secondary market of LOF, and there is room for arbitrage.

LOF**, the full name is listedopen-ended fund, and the Chinese name is "listed open-ended fund".

We all know that we can subscribe and redeem at any time in the market, but the innovation of this kind of ** lies in the "listing type", which adds a trading method, that is, in addition to being able to subscribe or redeem, you can also subscribe or sell;

LOF** has a much larger investment scope than ETFs, and can be either index-tracking or investing**;

There are both passive and active investments, and there are not as many restrictions as ETFs in terms of investment targets and strategies.

LOF** is a listed open-ended ** after the end of the issuance, investors can not only subscribe for and redeem ** shares at designated outlets, but also buy and sell the ** on the exchange. However, if the investor subscribes for the ** share at the designated outlets and wants to sell it online, he must go through certain transfer custody procedures; Similarly, if you buy ** shares online on the exchange, and you want to redeem them at designated outlets, you must also go through certain transfer custody procedures. LOF** is a kind of open market that can not only subscribe or redeem shares in the OTC market at the same time, but also organically link the OTC market and the on-exchange market through the share transfer custody mechanism.

LOF refers to an open-ended investment that is issued, listed and traded on an exchange.

LOF** has the following characteristics:1Can be traded on the exchange2It can be redeemed over-the-counter subscription3Track a certain index.