Trading rules of ETF funds: In the primary market, the minimum subscription and redemption unit of exchange-traded funds is generally 500,000 or 6,543.8+0,000, and share subscription and share redemption are adopted, which are irrevocable after the application is submitted; In the secondary market, ETF transactions are similar to closed-end funds.
ETF index fund represents the ownership of a basket of stocks, which refers to the index fund traded on the stock exchange like stocks. The trend of its transaction price and fund share net value is basically consistent with the tracking index. Therefore, investors buying and selling an ETF is equivalent to buying and selling the index it tracks, and can get basically the same income as the index. Usually, it adopts a completely passive management mode, aiming at fitting an index, which has the characteristics of both stocks and index funds.
Trading rules of transactional open index funds
In the primary market, the minimum subscription and redemption unit of exchange-traded funds is generally 500,000 or 6,543.8+0,000, and share subscription and share redemption are adopted, which are irrevocable after the application is submitted; In the secondary market, ETF trading is similar to closed-end funds and follows the following trading rules.
(1) The opening reference price of the Fund on the first day of listing is the net value of the fund share on the previous working day;
(2) The Fund is subject to price limit, with the price ratio of 10%, which will be implemented from the first day of listing;
(3) The declared amount of fund subscription is 65,438+000 or its integral multiple, and the part less than 65,438+000 can be sold;
(4) The minimum change unit of the declared price of the Fund is 0.00 1 yuan.