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Fund knowledge: transactional open index fund
Fund knowledge: transactional open index fund

ETF is the abbreviation of Exchange Tradefund, which is translated into "transactional open index fund" in Chinese, also known as ExchangeTradedFund. ETF is an open-end securities investment fund product listed and traded on the exchange, and the trading procedure is exactly the same as that of stocks. The assets managed by ETF are stock portfolios. The types of stocks in this portfolio are the same as those in a specific index, such as the SSE 50 Index, and the number of each stock is consistent with the proportion of the constituent stocks of this index. The transaction price of ETF depends on the value of its stock portfolio, that is, the "net asset value of unit fund". ETF's portfolio usually completely replicates the underlying index, and its net performance is highly consistent with the specific index pegged. For example, the net performance of SSE 50ETF is highly consistent with the rise and fall of SSE 50 index.

SSE 50ETF(5 10050) mainly invests in the constituent stocks and alternative constituent stocks of SSE 50 Index. A small number of constituent stocks invested in new shares, bonds and other financial instruments permitted by China Securities Regulatory Commission.

The SSE dividend ETF(5 10880) mainly invests in the constituent stocks and alternative constituent stocks of the SSE dividend index.

SSE 180 ETF (510180) mainly invests in the constituent stocks and alternative constituent stocks of SSE180 index.

SZSE 100 ETF (15901) mainly invests in the constituent stocks and alternative constituent stocks of SZSE100 index.

Shenzhen SME ETF( 159902) mainly invests in the constituent stocks and alternative constituent stocks of Shenzhen SME Index.