China's first listed open-ended fund to trade Dec 20 on Shenzhen exchange
China's first listed open-ended fund (LOF) has been authorized to trade on the Shenzhen Stock Exchange on Dec 20, the China Securities Journal reported.
China Southern Fund Management Co Ltd will offer the fund.
LOF repurchases will also be allowed, the newspaper said.
Nearly 150 brokerages will be allowed to participate in LOF trading, the newspaper said.
The Shenzhen Stock Exchange was approved to launch LOFs in August.
LOFs are intended to lower trading costs and improve the efficiency of open-ended funds.
(1 usd = 8.3 yuan)
中国首只LOF下周一上市
《上海证券报》报道, 中国首只上市开放式基金(LOF)产品: 南方积极配置基金将于下周一在深交所正式上市交易。
该基金在深交所上市交易的代码为160105, 基金简称为""南方积配""。上市首日的开盘参考价为本周五的基金份额净值, 并以此为基准设置10%的涨跌幅限制, 此后的涨跌幅限制也仍为10%。
因考虑到作为上市开放式基金在交易所交易的特性, 仅揭示每日收市后的净值不能满足交易需求, 南方积极配置基金将每小时公布一次净值。
