ETF funds generally refer to funds traded on exchanges, also known as "transactional open index funds". The characteristic of ETF fund is that it can purchase or redeem fund shares from fund management companies, and it can also be bought and sold in the secondary market at the market price like stocks. However, the purchase and redemption of ETF funds is to exchange a basket of stocks for fund shares or a basket of stocks for fund shares, so ordinary people generally only participate in the trading of ETF funds in the secondary market, and do not participate in the purchase and redemption of ETF funds. So what is ETF index fund? Let's introduce it below.

I. QDII Fund

QD fund refers to a fund that domestic investors invest in overseas capital markets. QDII funds in China mainly invest in US and Hong Kong stock markets, with typical representatives including Huabao Oil and Gas (1624 1 1), Standard & Poor's 500(5 13500) and small and medium-sized Hong Kong (50 102 1).

Second, the exchange currency ETF

On-site currency ETF refers to a monetary fund that can be traded. Compared with ordinary money funds, such funds are listed on the exchange and can be traded and redeemed. The trading of money funds in the market is the same as the operation of stocks. Enter the transaction code directly and fill in the quantity. Typical representatives of on-site currency ETFs are Huabao Tianyi (5 1 1990), Yin Hua Rili (5 1 1880), Jianxin Tianyi (5 1 1660) and so on.

Third, the gold ETF

Gold ETF refers to an index fund that invests in gold and tracks the fluctuation of spot gold price. There are four gold ETF funds, namely E Fund Gold ETF( 159934), Boss Gold ETF (159937), Cathay Pacific Gold ETF(5 18800) and Huaan Gold ETF(5 1880).

Fourth, the index ETF

Index ETF is the largest and most common ETF gold among these four types of ETF funds. The 300ETF(5 10300), Growth Enterprise Market ETF( 1599 15) and 500ETF(5 10500) that investors are familiar with are all index ETF funds. In addition to these broad-based index funds, there are also index ETFs that track industry indexes, such as financial ETFs (510230), bank ETFs (512800), military ETFs (512660) and Guangfa Medicine (159938).

Summary: ETF funds are classified according to their tracking indexes, mainly including QD funds, currency ETFs, gold ETFs and index ETFs. ETF funds are more volatile than ordinary stock funds, so the risk is higher, so the stock market investment needs to be cautious.