 What is a lof fund? What are the characteristics of lof fund? LOF funds refer to open-ended securities investment funds issued, listed and traded in stock exchanges, which are essentially open-ended funds. In short, after the issuance of listed open-ended funds is completed, you can purchase and redeem fund shares through designated channels, or you can buy and sell the funds on the exchange.
If you want to sell the fund units purchased in the designated channel on the market, you have to go through certain re custody procedures. Similarly, if you want to redeem the fund units purchased on the exchange network, you also need to go through certain re custody procedures.
LOF funds can be issued, subscribed and centrally traded through stock exchanges, and can also be subscribed, subscribed and redeemed through fund managers, banks and other commission institutions.
Generally, it refers to increasing the channels for issuance and trading of exchanges on the basis of maintaining the current operation mode of open-end funds.
What are the characteristics of lof fund
1. The lof fund is essentially an open-ended fund. Fund units can be purchased and redeemed at the time and place agreed in the fund contract, but the total amount of fund units is not fixed.
2. The sale of lof funds combines the sales advantages of banks and other commission institutions and the trading network of Shenzhen Stock Exchange. The outlets of banks and other sales agencies on a commission basis still use the current over-the-counter sales method, while the trading system of Shenzhen Stock Exchange uses the current online pricing issuance method of new shares. (Shareholders College: http://www.58188.com )
3. After the lof fund is approved to be listed and traded on the exchange, you can choose to purchase and redeem the fund units at the net value of the fund units closed on the same day at the bank and other commission institutions, or you can choose to buy and sell the fund units at the price matched in the secondary market.
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