Transactional open-end index fund, commonly known as exchange-traded fund (ETF), is an open-end fund with variable fund share, which is listed and traded on the exchange.
Transactional open-end index fund is a special type of open-end fund, which combines the operating characteristics of closed-end fund and open-end fund. Investors can buy or redeem fund shares from fund management companies, and at the same time, they can buy and sell ETF shares in the secondary market at the market price like closed-end funds. However, the purchase and redemption must use a basket of shares for fund shares or use a basket of shares for fund shares.
Tips: ① This information does not constitute any investment advice. Investors should not substitute such information for their independent judgment or make decisions only based on such information, and such information does not constitute any trading operation.
(2) Investors should fully understand the investment risks, invest cautiously, fully understand and clearly understand the risks contained in fund products, participate in the transaction independently through their own judgments, and voluntarily bear relevant risks.
Response time: 2021-10-14. Please refer to the latest business changes announced by Ping An Bank in official website.
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