As early as 200 1, the Shanghai Stock Exchange put forward the initial ETF idea. In June 2004, the State Council and China Securities Regulatory Commission agreed to launch ETF in Shanghai Stock Exchange. On July 6th, 2004, Shanghai Stock Exchange and Huaxia Fund signed the license agreement of SSE 50 Index, and the launch of SSE 50ETF entered the countdown stage. At present, there are no legal and technical obstacles to the launch of SSE 50ETF, and SSE and Huaxia Fund Management Co., Ltd. are making final preparations for its launch.
Overview of SSE 50ETF Fund
Fund Name SSE 50 Trading Open Index Securities Investment Fund (SSE 50ETF for short)
Subscription code 5 10053
Purchase code 5 1005 1
Transaction code 5 10050
Open Fund Type Transaction Type
The time of existence lasts forever.
Unit face value 1.00 yuan
The cumulative rate of return of dividend policy funds exceeds the index, and the rate of return in the same period is greater than 1%, which can be distributed.
Marketing unit 100 fund share is 1 hand.
The minimum price change unit is 0.00 1 yuan.
Calculate the reference net fund share value (IOPV) every 15 seconds.
The minimum number of units purchased and redeemed is 6,543,800+0,000, and the purchase and redemption of investors must be an integer multiple of the minimum number of units purchased and redeemed.
The list of subscription and redemption is published by Huaxia Fund through the exchange system, exchange website and company website before the opening of each trading day.
The purchase and redemption methods are portfolio securities, cash substitution, cash difference and other considerations.
The investment target closely tracks the SSE 50 index, and pursues the minimization of tracking deviation and tracking error.
The investment direction mainly invests in the constituent stocks and alternative constituent stocks of the SSE 50 Index; A small amount can be invested in new shares and bonds.
Complete copy method of investment strategy
Performance benchmark SSE 50 index yield
Index constituent stocks and alternative constituent stocks within the investment scope, and their allotment and additional shares;
Convertible bonds issued by the underlying index constituent stocks and alternative constituent stock companies;
Other initial public offerings
The fund management fee is 0.5% of the net asset value of the fund, which can be reduced according to the increase of the scale.
The fund custody fee is 0. 1% of the net asset value of the fund, which can be reduced according to the increase of the scale.
The subscription fee of the fund shall not exceed 1% of the subscription share.
The handling fee for listing transactions and the commission of securities companies shall not exceed 0.25% of the transaction amount.
Subscription and redemption fees The subscription and redemption agent brokers (market makers) can charge a commission of no more than 0.5% of the subscription and redemption share.
(including handling fee, transfer fees, etc.). );
Shanghai Stock Exchange and China Securities Depository and Clearing Corporation reduced transaction fees and transfer fees.
Fund Manager Huaxia Fund Management Co., Ltd.
China Industrial and Commercial Bank, fund custodian.
Listing place: Shanghai Stock Exchange
China Securities Depository and Clearing Co., Ltd.