ETF only charges transaction commissions. The charging standards of each securities company are different. It will not exceed 3/1000 of the transaction amount. The minimum for a single transaction is 5 yuan. Some platforms calculate based on the actual transaction amount. There is no minimum 5 yuan. Yuan requirements (specifically subject to the securities company).

For example: the charging standard for ETF funds is 3/10,000, and if you buy an ETF fund for 10,000 yuan, then the handling fee for buying an ETF is 5 yuan (if a single transaction is less than 5 yuan, it will be charged at 5 yuan). If you invest 100,000 yuan in an ETF fund, the handling fee for buying an ETF is 30 yuan (10 yuan * three ten thousandths).

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Introduction to the advantages of ETFs

Diversify investments and reduce investment risks

Passive investment portfolios usually contain more than the general active investment portfolio A larger number of targets can reduce the impact of a single target's fluctuations on the overall investment portfolio. At the same time, the volatility of the investment portfolio can be reduced through the different impacts of different targets on market risks.

Have the characteristics of both stocks and index funds

(1) For ordinary investors, ETFs can also be divided into smaller trading units like ordinary stocks. , bought and sold in the secondary market of the exchange.

(2) If you make money on the index, you will make money. Investors no longer have to study stocks and worry about stepping on landmine stocks; (Before 2010, there was no short-selling mechanism in my country's securities market, so there was a "index fell" "You will lose money" situation. In April 2010, stock index futures were opened, and since December 5, 2011, seven ETF funds have been included in the scope of margin trading and securities lending targets)

Combining closed-end and open-end Advantages of closed-end funds

ETFs, like the closed-end funds we are familiar with, can be traded on exchanges in the form of small "fund units". Similar to open-end funds, ETFs allow investors to subscribe and redeem continuously. However, when redeeming ETFs, investors receive not cash but a basket of stocks. Subscriptions and redemptions are only allowed after reaching a certain scale. Back.

Compared with closed-end funds, ETFs are similar in that they are listed and traded on exchanges, just like stocks, and can be traded at any time during the day. The differences are: ①ETFs are more transparent. Since investors can subscribe/redempt continuously, fund managers are required to publish their net worth and investment portfolio more frequently. ② Due to the continuous subscription/redemption mechanism, theoretically there will not be a large discount/premium between the net value and market price of ETFs.

Compared with open-end funds, ETF funds have two advantages: First, ETFs are listed on exchanges and can be traded at any time during the day, which is convenient for transactions. Generally, open-end funds can only be opened once a day, and investors only have one trading opportunity (i.e., subscription and redemption) per day; secondly, when ETFs are redeemed, a basket of stocks is delivered, without the need to retain cash, which is convenient for managers to operate and can increase the profitability of fund investment. Management efficiency. Open-end funds often need to retain a certain amount of cash to cope with redemptions. When investors in open-end funds redeem fund shares, they often force fund managers to constantly adjust their investment portfolios. The resulting taxes and losses of some investment opportunities are caused by Those long-term investors who have not requested redemptions bear the responsibility. This mechanism can ensure that when some investors in the ETF request redemption, it will not have much impact on long-term investors in the ETF (because the redemption is for stocks).

Low transaction costs