The transaction is T+0. On-site fund transactions only charge a handling fee, which is generally 0.6 to 3‰, subject to confirmation with brokers when opening an account.

The specific differences are as follows:

1. On the holding cost: ETF combines the advantages of closed-end funds and open-end funds. Compared with traditional funds, wealth management powder can be purchased or redeemed like open-end funds, and ETF shares can also be bought and sold in the exchange market. Moreover, its cost is relatively low. From the perspective of holding cost, the management fee and custody fee of ETF are lower than those of traditional index funds.

2. Traditional index funds, like other types of funds, are subscribed before three o'clock on the same day, and the net value is calculated according to the closing price of the day, and the income is calculated the next day. ETF trading, like stocks, calculates the income as soon as it is bought. For wealth managers who are used to investing in stocks, of course, ETF is more convenient.

3. Using the characteristics that ETF has two markets, redemption market and transaction market, which are parallel in time and independent from each other, cross-market transactions can be realized through ETF, and richer investment strategies can be realized than traditional funds.

Extended data:

Advantages of SSE 50ETF and other funds;

1. Since the SSE 50ETF is based on the sample stocks of the SSE 50 Index with the concept of large-cap blue chips, the selection of the sample stocks of SSE 50 fully considers the industry representativeness, market size, trading activity and operating performance from the perspectives of industry representativeness, scale and liquidity, which represents the value orientation of the international mainstream market.

2. Judging from the average profit rate, main business income, average price-earnings ratio, return on net assets and other indicators, the constituent stocks of SSE 50 Index are undoubtedly the best performing listed companies in Shanghai. The introduction of SSE 50ETF has the following three advantages: there will be no large discount of closed-end funds.

3. Because institutional investors can carry out arbitrage activities in the primary and secondary markets, the transaction price in the ETF secondary market will be very close to its unit net value; ETF is the best index investment tool. The transaction means are convenient and the transaction cost is lower than that of open-end funds. Investors can buy and sell the SSE 50 stock index like stocks.

4. Arbitrage between the primary and secondary markets has also become the biggest bright spot for SSE 50ETF to attract investors, that is, when there is a big deviation between the net fund value of ETF and the price of the secondary market, investors can obtain the spread income through the reverse trading of the two markets.

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