ETF funds can be divided into on-site subscription and off-site subscription. For on-site subscription, just like buying stocks, you can enter the code, subscription quantity and subscription price in the trading interface, while for off-site ETF funds, you can also buy them on brokerage software, and many of them have to be exchanged with stocks. It should be noted that investors buy before 15: 00, submit the purchase order on the same day, and confirm the share on the next trading day.
At the same time, when trading ETF funds, investors can arbitrage according to the price difference between on-site and off-site ETF funds. When the ETF price in the market is greater than the net value, that is, the fund premium, investors can buy a basket of stocks from the secondary market, then convert them into ETF fund shares according to the net value in the primary market, and then sell ETFs at high prices in the secondary market to complete arbitrage.
When the ETF price in the market is less than the net value, that is, when the fund is discounted, investors can buy ETF fund shares at a low price in the secondary market, then redeem them in the primary market according to the net value, and then sell them in the secondary market to complete arbitrage.