The ETF fund shares bought on the same day cannot be sold, but can be redeemed; The ETF fund shares purchased on the same day can be sold, but cannot be redeemed; Stocks bought by investors on the same day may not be sold, but can be used to buy ETF fund shares; The share obtained by investors from redeeming fund shares on the same day can be sold, but it shall not be used to purchase ETF fund shares. Therefore, investors can realize T+0 trading of SSE 50 Index on the same day.

Buying stocks here is similar to buying stocks: the subscription is different. For general OTC fund subscription, T+ 1 delivery and T+2 will be received. If ETF is used, you can use a basket of stocks (stocks with positions or bought on the same day) to purchase (at least 1 10,000). If the purchase is successful, it will be delivered on T+0.

If you have 1 10,000 ETF fund, you can redeem it. At this time, you are not redeeming cash, but a basket of stocks (the constituent stocks should be the best stocks calculated by the experts of the exchange). Now you have a basket of stocks. You can sell it in whole or in part, or you can not sell it. If you don't sell it, there will be shares in these baskets after delivery.

Extended data:

SSE 50 Index is compiled by Shanghai Stock Exchange, which is referred to as SSE 50 for short, with the code of 0000 16. The base date is 65438+February 3, 20031,and the base point is 1000. It was officially released on June 2, 2004 and listed on the Shanghai Stock Exchange.

The investment objective of SSE 50ETF is to closely track SSE 50 index and minimize tracking deviation and tracking error. The code is 5 10050. The Fund adopts a passive investment strategy, and the specific investment method of tracking the index is mainly the complete copy method, pursuing the risk-return characteristics similar to those of the SSE 50 Index.

Baidu encyclopedia -50ETF