ETF funds can be purchased on-site or off-site, that is, investors trade ETF funds on the stock market, or they can buy them on third-party platforms such as fund companies, Alipay, WeChat, and Tiantian Fund Network. Among them, The steps for trading ETF funds on the exchange are as follows:

1. Log in to the stock trading software and click on the trading interface;

2. Enter the ETF fund code or fund abbreviation on the trading interface; < /p>

3. Enter the purchase quantity and click Buy.

Investors can perform the following arbitrage operations:

1. T+0 to obtain the intraday price difference

T+0 to obtain the intraday price difference is to use individual stocks According to the trend, buy ETF funds at low prices and sell them at high prices to earn a certain spread income. It should be noted that the spread income must be greater than its handling fees. Otherwise, the gains outweigh the losses.

2. Discount arbitrage

When the ETF price in the market is less than the net value, that is, when the fund is discounted, retail investors can buy ETF fund shares at a low price in the secondary market, and then The shares are redeemed at net value in the secondary market, and then the shares are sold in the secondary market to complete arbitrage.

3. Premium arbitrage

When the ETF price in the market is greater than the net value, that is, when the fund is at a premium, retail investors can buy a basket of stocks from the secondary market and then buy them in the primary market Convert to ETF fund shares according to the net value, and then sell the ETF at a high price in the secondary market to complete arbitrage.

4. ETF event arbitrage

There are differences in holidays and trading hours between Shenzhen and Hong Kong. Hong Kong may be closed, but ETFs can still be traded on the Shenzhen Stock Exchange. In this way, Opportunities for arbitrage.

For example, for suspended stocks that may fall sharply after the resumption of trading, investors can sell ETF shares when the ETF price has not yet reflected the expectation, which is equivalent to shorting the stock and replacing it with cash. Purchase ETF shares in the primary subscription and redemption market.

5. Futures and spot arbitrage

Futures and spot arbitrage is based on the price difference between the stock index futures contract and the spot ETF. For example, when the stock index futures price is higher than the spot ETF price , indicating that investors can sell their ETF shares at a higher price in the future. At this time, investors can sell ETF futures contracts and buy ETF spot products at the same time, and wait until they need to close their positions to deliver the ETF shares bought in advance at a low price. .

When the spot price of ETF is high and the futures price is low, if the state allows securities lending, investors can first sell ETF by borrowing securities and buy ETF futures at the same time. When they need to return the securities in the future, Investors can close their positions with low-price ETFs in futures contracts and earn profit from the price difference.

6. Pairing trading

Use data statistics and other methods to determine the future market trends of A-shares and Hong Kong stocks, and conduct matching trading of ETFs in the two markets.

Operation environment for the above steps:

Mobile phone model: Xiaomi 12

System version: MIUI13

Tonghuashun APP version number: 10.44.02