For example, the charging standard for etf funds is three ten thousandths, and the handling fee for buying etf funds is 654.38+ten thousand yuan, so the handling fee for buying etf funds is 5 yuan (the single transaction is less than 5 yuan in 5 yuan) and 654.38+ten thousand yuan, and the handling fee for buying etf funds is 30 yuan (1 yuan * 3/ ten thousand).
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Introduction of etf advantages
Diversify investment and reduce investment risks.
Passive portfolio usually contains more goals than general active portfolio. The increase in the number of targets can reduce the impact of the fluctuation of a single target on the overall portfolio, and at the same time, it can reduce the fluctuation of the portfolio through the different effects of different targets on market risk.
It has the characteristics of both stocks and index funds.
(1) For ordinary investors, ETFs can also be split into smaller marketing unit and traded in the secondary market of the exchange like ordinary stocks.
(2) If you earn the index, you will make money, and investors will no longer have to study stocks and worry about stepping on stocks; Before 20 10, there was no short-selling mechanism in China's securities market, so there was a situation of "losing money when the index fell". On April 20 10, stock index futures were opened. Since February 5, 20 1 165438, seven ETF funds have been included in the margin financing and securities lending scope. )
Combines the advantages of closed-end funds and open-end funds.
ETF, like the familiar closed-end fund, can be bought and sold on the exchange in the form of small "fund units". Similar to open-end funds, ETF allows investors to purchase and redeem continuously, but when ETF redeems, investors get a basket of stocks instead of cash, and they are allowed to purchase and redeem after reaching a certain scale.
Compared with closed-end funds, ETFs are listed on exchanges, just like stocks, which can be traded at any time in a day. The differences are as follows: ①ETF is more transparent. Since investors can purchase/redeem continuously, the frequency of asking fund managers to announce their net worth and portfolio is also accelerated accordingly. (2) Due to the existence of the continuous subscription/redemption mechanism, theoretically there will not be too much discount/premium between the net value of ETF and the market price.
Compared with open-end funds, ETFs have two advantages: First, ETFs are listed on exchanges and can be traded at any time within one day, which is convenient for trading. Open-end funds can only be opened once a day, and investors only have one trading opportunity every day (that is, subscription and redemption); Second, when ETF redeems, it delivers a basket of stocks without keeping cash, which is convenient for managers to operate and can improve the management efficiency of fund investment. Open-end funds often need to keep some cash for redemption. When investors of open-end funds redeem their fund shares, they often force fund managers to constantly adjust their investment portfolios, and the resulting taxes and losses of some investment opportunities are borne by those long-term investors who have not made redemption requests. This mechanism can ensure that when some ETF investors ask for redemption, it will not have much impact on long-term ETF investors (because the redemption is stocks).
Low transaction cost