From the trading point of view, etf trading in the secondary market is similar to stocks, which can be placed through any securities company during the opening hours of the stock exchange, that is, 9: 30 am-1:30 am and 1:00-3:00 pm.
The trading unit is 1 lot, that is, 100 fund units, and the number of trading declarations is 100 or its integral multiple. Like stocks, ETF's price limit is 10%. Investors buy ETFs in cash and get cash after selling ETFs.
From the cost point of view, etf has more advantages. Compared with ordinary open-end funds, trading ETFs in the secondary market only charges trading commissions, and the amount does not exceed 0.3% of the transaction amount; Compared with stocks, etf transactions are exempt from stamp duty.
Take Guangfa CSI 500etf as an example. Investors should buy 1 0,000 copies of GF CSI 500etf, enter the code 5 105 10, and make a deal after being matched by the exchange trading system. The transaction fee is charged according to the trading commission of the securities company, within 1000 copies, starting from 5 yuan.
The index has endogenous growth momentum. In fact, we can regard etf fund as a stock that keeps the growth rate of 10-20% every year, and its growth rate is more certain than that of any listed company. If you hold it for a long time, you can get the endogenous growth of the index, so you will remind short-term holders to be cautious.
I hope I can help you!