There are two ways to buy and sell ETF funds, one is to trade on a third-party platform other than banks and other exchanges, and the other is to trade in the stock trading software of securities companies. The trading starting point of ETF funds in the market is 100, and each purchase must be a multiple of 100, following the principle of price priority and time priority, just like stock trading. ETF fund shares subscribed on T day can only be sold after T+ 1 ETF fund shares sold on T day can only be withdrawn after T+ 1 The trading hours are from 9: 30am to11:30am and from1:30am to 3: 00pm every working day, except weekends and legal holidays.
Transaction costs: On-site transaction costs, excluding subscription fees and redemption fees, are charged according to the trading commission of securities companies, excluding stamp duty. Over-the-counter transaction fees refer to subscription fees and redemption fees. Generally speaking, the total import and export costs of OTC transactions may be around 2%. As for management fees and custody fees, each fund will charge them, which has been reflected in the fund's net value.
What is an ETF fund?
It is a transactional open-end fund, also known as exchange-traded fund, and it is an open-end exchange-traded fund with variable fund share.