ETFs only charge trading commissions, and the charging standards of securities companies are different, which will not exceed 3 ‰ of the transaction amount. The single minimum 5 yuan is calculated according to the actual transaction amount, and there is no minimum 5 yuan requirement for some platforms (specifically, the securities companies shall prevail).

for example, if the etf fund charges 3/1 yuan, then the handling fee for buying an etf is 5 yuan (5 yuan for a single transaction less than 5 yuan) and 1, yuan for buying an etf, then the handling fee for buying an etf is 3 yuan (1 yuan * 3/1).

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Introduction to the advantages of ETF

Diversification of investment and reduction of investment risk

Passive portfolio usually contains more targets than general active portfolio. The increase in the number of targets can reduce the impact of the fluctuation of a single target on the overall portfolio, and at the same time, the fluctuation of portfolio can be reduced by the different impacts of different targets on market risks.

It has the characteristics of both stocks and index funds

(1) For ordinary investors, ETFs can also be traded in the secondary market of the exchange after being split into smaller trading units, just like ordinary stocks.

(2) If you earn the index, you will make money, and investors will no longer have to study stocks and worry about stepping on mine stocks; Before 21, there was no short-selling mechanism in China's securities market, so there was a situation of "losing money when the index fell". In April 21, stock index futures were opened, and since December 5, 211, seven p>ETF funds have been included in the category of margin financing and securities lending targets.)

ETFs combine the advantages of closed-end and open-end funds.

ETFs, like the familiar closed-end funds, can be bought and sold on the exchange in the form of small "fund units". Similar to open-end funds, ETF allows investors to purchase and redeem continuously, but when ETF redeems, investors get a basket of stocks instead of cash, and at the same time, they are allowed to purchase and redeem after reaching a certain scale.

compared with closed-end funds, ETFs are all listed on exchanges, just like stocks, and can be traded at any time of the day. The differences are as follows: ① ETFs are more transparent. Since investors can purchase/redeem continuously, the frequency of asking fund managers to publish their net worth and portfolio is correspondingly accelerated. ② Because of the existence of continuous subscription/redemption mechanism, there will not be much discount/premium between the net value and market price of ETF in theory.

compared with open-end funds, ETF has two advantages: first, ETF is listed on the exchange, which can be traded at any time in a day, which is convenient for trading. Generally, open-end funds can only be opened once a day, and investors only have one trading opportunity every day (that is, purchase and redemption); Second, when ETF redeems, it delivers a basket of stocks without keeping cash, which is convenient for managers to operate and can improve the management efficiency of fund investment. Open-end funds often need to keep a certain amount of cash for redemption. When investors of open-end funds redeem their fund shares, they often force fund managers to constantly adjust their portfolios, and the resulting taxes and losses of some investment opportunities are borne by those long-term investors who have not asked for redemption. This mechanism can ensure that when some ETF investors ask for redemption, it will not have much impact on long-term ETF investors (because the redemption is stock).

low transaction cost.