5 10050, SSE 50ETF, Huaxia fund company (ETF fund)
1 10003, E Fund 50, E Fund Company
The latter is not LOF, but an ordinary open-end fund.
Difference:
(1) The management cost of ETF is lower than that of general index funds.
The former: the fund management fee rate is 0.50%, and the fund custody fee rate is 0. 10%.
The latter: fund management fee rate 1.20%, and fund custody fee rate 0.20%.
You can compare it from here.
(2) The degree of distortion, 50ETF basically does not exist, because it is completely copied, and the purchase and redemption are all stocks, so it has no impact on the operation of the fund.
The latter needs cash when redeeming, and sometimes pays dividends, which leads to a large tracking error.
(3) Holding positions
50ETF, under normal circumstances, the proportion of stock investment in the fund's net asset value is not less than 95%.
E Fund 50, under normal circumstances, the proportion of stock investment in the fund's net asset value is not less than 90%.
This difference also causes the above distortion. Because in order to cope with the redemption, E Fund 50 must keep 5% cash.
(4) investment strategy
50ETF, completely copy the index.
E Fund 50, Enhanced Index Fund. Pursuing full investment in asset allocation, not actively adjusting stock positions according to the judgment of market timing, using in-depth fundamental research and advanced quantitative investment technology to control the risk of deviating from the target index, and pursuing the income level beyond the performance comparison benchmark.
There are others, but mainly the above four points.