ETF is the English abbreviation of exchange-traded open-end index fund. It is an open-end index fund listed on the exchange, which usually uses a basket of stocks for subscription and redemption.

It mainly has the following characteristics: (1) Fund shares are listed on the exchange, and investors can buy and sell fund shares at the matching transaction price through the business department of any securities company, and obtain a rate of return that is basically the same as the ETF target index; (2)

What is delivered for the subscription and redemption of fund shares is usually a basket of target index component stocks plus a small amount of cash, that is, physical delivery is used for subscription and redemption, which is different from the cash subscription and redemption of traditional open-end funds; (3) The investment goal of the fund is to try its best to make the fund

The net worth tracks the trend of the target index rather than exceeding the target index, and generally adopts passive management; (4) Management costs are low.

Due to passive management, management fees are low, usually between 0.3% and 0.5%.

Response time: 2021-05-18. For the latest business changes, please refer to the official website of Ping An Bank.