1. Different trading places: Linked funds are OTC products and are traded in banks and fund companies; Etf is an exchange-traded product, which can be traded in the primary and secondary markets. The transaction cost of the former is generally higher than that of the securities market.
2. Different uses of funds: Linked funds invest in ETF products linked to them. Because we have to deal with investors' redemption transactions, we usually keep 5% cash, that is, we can't invest all our funds in stocks like ETFs, which will cause certain financial losses for linked funds.
3. Different operation methods: ETFs can arbitrage in the primary and secondary markets, and linked funds can only operate like general fund products.
4. The entry threshold is different: the redemption of ETFs in the primary market needs more than 500,000 yuan or 1 10,000 yuan to trade, and the linked funds need 1 10,000 yuan just like general funds.
5. Linked funds can make fixed investment in banks and fund companies. ETFs are on-site transactions. There is no fixed investment system, and investors can only buy them regularly.