Fund classification: According to the different investment methods, ETFs can be divided into index funds and actively managed funds, while most ETFs abroad are index funds. At present, ETFs launched in China are also index funds. Etf index fund represents the ownership of a basket of stocks, which refers to the index fund that is traded on the stock exchange like stocks, and its trading price and fund share net value trend are basically consistent with the tracked index. Therefore, investors buying and selling an etf is equivalent to buying and selling the index it tracks, and can get basically the same income as the index. Usually, it adopts a completely passive management mode, aiming at fitting an index, which has the characteristics of both stocks and index funds.
Meaning: 1 Implement the State Council's "Nine Opinions", promote product innovation in the securities market, and lay the foundation for launching new products including index futures in the future; 2. Improve the core competitiveness of China's securities market relative to overseas markets by expanding product categories; 3. Further enhance the liquidity of large-cap blue-chip stocks through the scale trading of ETFs; Since the beginning of 2000, international indexed investment has become a market trend. In 2003, ETF has become the fastest growing financial product in history, and its number has increased from $6,543.8+8 billion for three funds in 0993 to $210 billion for 280 funds in 2003. 5. Meet the market demand of all investors, provide an opportunity for small and medium-sized investors to invest in the broader market with small funds, and provide a new arbitrage model for institutional investors.