- When you open Alipay or your A-share account to start investing in Nasdaq index funds, do all those fund codes and letters make your head spin? What do they even mean? 1️⃣ QDII: This stands for Qualified Domestic Institutional Investor, or in Chinese, “合格境内机构投资者.” In simple terms: domestic fund companies use our RMB to invest in overseas markets. There are two types: on-exchange ETFs and off-exchange linked funds. This means they’re affected by exchange rates, quotas, and time differences, which is why these funds have daily purchase limits lately. 2️⃣ A/C classes are pretty straightforward—they mainly differ in terms of fees. In short, A-class is better for long-term holding, while C-class is more suitable for short-term trading. 3️⃣ LOF: Listed Open-ended Fund. This is a type of open-ended fund that can be traded both on-exchange and off-exchange. Since the on-exchange trading price and the off-exchange net asset value might differ, it can be used for arbitrage. - Right now, with the U.S. stock market continuing to rise and heavy regulatory pressure, on-exchange ETFs are trading at a premium, and off-exchange funds have purchase limits, which is making people anxious. Honestly, there’s no need to stress. Just keep investing regularly. Once there’s a slight pullback, quotas will open up again. The key is: when the market dips , do you have the guts to keep investing?