Hello, ETF is also called "transactional open index securities investment fund" or "exchange traded fund". ETF is a special type of open-end fund, which combines the advantages of closed-end fund and open-end fund. Investors can buy and sell ETF shares in the secondary market, or purchase or redeem ETF shares from fund management companies, but they must exchange a basket of shares (or a small amount of cash) for fund shares or a basket of shares (or a small amount of cash) for fund shares. Because there are both secondary market transactions and subscription and redemption mechanisms, investors can carry out arbitrage transactions when there is a difference between the transaction price in the ETF secondary market and the net value of the fund unit.

Depending on the underlying assets

ETF funds can be divided into silver ETF, gold ETF, cross-border ETF and domestic ETF.

According to different investment methods

ETF can be divided into index fund and active management fund. Most foreign ETFs are index funds. At present, ETFs launched in China are also index funds.

According to different investment objects

ETF can be divided into stock funds and bond funds, among which stock funds are the main ones.

According to different investment fields

ETF can be divided into single country (or market) fund and regional fund, among which single country fund is the main one.

According to different investment styles

ETF can be divided into market benchmark index funds, industry index funds and style index funds (such as growth, value, large, medium and small), among which market benchmark index funds are the main ones.

Generally speaking, different types of etf funds can be divided according to different basic assets, investment methods, investment objects, investment regions and investment styles.

Risk disclosure: 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. It does not constitute any trading operation and does not guarantee any income. If you operate by yourself, please pay attention to position control and risk control.