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1, ETF
ETF is the abbreviation of Exchange Traded Funds, and its Chinese name is Exchange Traded Open-End Index Fund. It is a kind of open-ended index fund listed and traded on the stock exchange, which has the advantages of stocks, open-ended index funds and closed-ended index funds, and belongs to the highly efficient digital investment tool. It can be seen that ETF is a kind of fund that tracks the changes of "underlying index" and is listed and traded on the stock exchange. Investors can buy and sell the ETF of the underlying index as easily as they buy and sell stocks, and can get the same rate of return as the index.
2, etf trading rules
① in the primary market, the exchange traded funds, the minimum subscription and redemption unit is generally 500,000 or 1 million shares, the share subscription, share redemption, the application shall not be withdrawn after the submission of the application;
② in the secondary market, the ETF trading and closed-end funds are similar.
3, etf fund and ordinary fund difference
①Trading place is different: etf fund is an open-end fund, but and ordinary open-end fund trading place is not the same, etf fund can be traded in the field, and ordinary open-end fund can not.
②Fund share: the total share of the general fund is not fixed, in order to meet the demand for redemption of investors, the general open-ended fund will set aside 5% cash to cope with the occurrence of such cases; and etf fund investment position is 100%.
3 trading time is different: etf fund can not be sold on the day of purchase, but to the next trading day when you can sell; and ordinary over-the-counter funds need to wait for T + 2 days to trade.
4, ETF how to buy
ETF funds are divided into the field to buy and over-the-counter to buy, which the field to buy, and the purchase of stocks, the same as in the trading interface to enter the code, the purchase of the number of purchase, the purchase price for the purchase can be, and the over-the-counter ETF funds to buy, the over-the-counter is also purchased in the brokerage software, and a lot of have to use the stock to change.