Gold ETF can trade T+0, because Shanghai Gold Exchange accepts T+0 trading, and it can also conduct revolving trading within T+0 days. T+0 trading system can increase the liquidity of funds, making buying and selling unlimited on the same day, which is suitable for high-frequency trading. In addition to gold ETFs, currency ETFs, bond ETFs and cross-border ETF/LOF funds all support T+0 transactions.

Gold ETF generally takes 1 gram as a fund unit, and the net asset value of each fund unit is 1 gram of gold minus the management fee.

Gold ETF (exchange traded fund) refers to an open-end fund that invests most of its assets in gold, closely tracks the price of gold, and is listed on the stock exchange.

Domestic investors in China know little about gold ETF funds, but gold ETF funds are extremely popular in overseas markets.

principle of operation

The operation principle of gold ETF is: large gold producers entrust physical gold to fund companies, and then fund companies publicly issue fund shares on exchanges based on this physical gold and sell them to various investors. Commercial banks act as fund custodians and physical custodians respectively, and investors can freely redeem the funds during their existence.

Gold ETF is listed on the stock exchange, and investors can trade gold ETF as easily as buying and selling stocks. Low transaction cost is a major advantage of gold ETF.

Investors don't have to pay gold custody fees, custody fees, insurance fees and other fees when buying gold ETFs, but only pay the usual management fee of about 0.3% to 0.4%, which is very prominent compared with the average handling fee of 2% to 3% in other gold investment channels.

Due to the high price of gold, gold ETF generally takes 1g as a fund unit, and the net asset value of each fund unit is the spot gold price 1g minus the accrued management fee. Its transaction price or secondary market price in the securities market is based on the net asset price per share.

Fund characteristics

1. High mobility, escort in AP mode, ensuring high mobility.

The gold ETF market makers in AP mode have the obligation to make market, and the secondary market has better liquidity, low impact cost and can provide block trading services! Non-AP market makers have no market-making obligation.

2. The threshold is low, and the trading starting point is about 1 hand 1 gram 300 yuan.

The trading unit is 1 hand 1 gram of gold, starting from 50 grams of gold exchange!

3. The cost is low, and the transaction cost is much lower than the handling fee of physical gold.

The trading commission is equal to the stock ETF, which is between 0.03% and 0.08%, while the commercial bank agent of the gold exchange is generally 0.2%!

Once configured, the securities account can buy and sell gold directly.

After the securitization of gold assets, investors can participate in gold investment more conveniently! Gold can be configured and traded in the field!