Growth enterprise market ETF combines the operating characteristics of closed-end funds and open-end funds. Investors can buy or redeem fund shares from fund management companies, and at the same time, they can buy and sell ETF shares at market prices in the secondary market like closed-end funds.

GEM index is mainly based on two indicators of sample stocks: "market share of circulation market" and "market share of transaction amount", which embodies the characteristics of high market share of circulation and active trading in Shenzhen.

2. Different roles:

The GEM ETF only tracks the GEM composite index;

GEM index funds can comprehensively and objectively reflect the overall price changes and trends of GEM stocks, and provide authoritative reference indicators for investors.

Extended data:

Trading rules

(1) The trading unit of GEM stocks is "shares" and the trading unit of investment funds is "shares". The number of securities declared for purchase is 100 shares (copies) or its integral multiple. Securities with less than 100 shares can be declared and sold at one time.

(2) The quotation unit of securities is "price per share". The minimum change unit of "price per share" is RMB 0.0 1 yuan.

(3) The securities are subject to price limit, and the ratio of price limit is 10%. The price calculation formula for price increase and price decrease is:

Upper limit price of price fluctuation = (1 price fluctuation ratio) × closing price of the previous trading day (the calculation result is rounded to RMB 0.0 1 yuan).

There is no price limit on the first day of listing.

Baidu Encyclopedia-Gem Index

Baidu Encyclopedia-GEM-GEM ETF