Etf is a trading securities investment fund that tracks the stock index and tries to replicate its return. Therefore, investors buy and sell etf stocks, which is equivalent to buying and selling the stock index it tracks, and can basically get the same income as this stock index. Usually, it is a completely passive management method. * * * has the characteristics of index funds and stocks, and aims at fitting an index.
According to the different tracking indexes of etf, it can be divided into: strategy etf, theme etf, style etf, industry etf, broad-based etf and so on. Industry etf can efficiently track the overall performance of a specific industry. Through the industry etf, it is more convenient to invest in your favorite specific industry sectors and participate in staged transactions. The broad-based etf does not restrict industry investment when selecting constituent stocks, and generally captures the overall performance of the market.
The etf market in China is also dominated by benchmark index etf, among which what are etf stocks? It mainly includes: small and medium-sized ETF( 159902) for tracking small and medium-sized stocks, CSI 500ETF(5 10500) for tracking large-cap stocks, SZSE100 ETF (15901) and CSI 3000 ETF.
The most prominent function of etf is trading. As a product traded on the exchange, etf can be bought and sold as freely as stocks and closed-end funds. During the trading hours, investors can purchase and redeem etf shares in the primary market in the form of portfolio securities. Investors must exchange a basket of portfolio securities designated by ETF tracking index for ETF shares or exchange ETF shares for a basket of portfolio securities from fund managers when purchasing and redeeming. It can also be listed on the secondary market of the exchange like closed-end funds or stocks.
Relatively speaking, the amount of funds in the primary market is larger, so we ordinary investors basically buy and sell in the secondary market. Both the primary market and the secondary market are important markets for securities products, but the primary market is the market for securities issuance and the secondary market is the market for securities trading. Securities products will enter the secondary market after being issued in the primary market.
Generally speaking, the primary market needs a lot of funds, mainly the participation of institutions, and the secondary market is the circulation market. Manual trading is 65,438+000 shares in one hand and 65,438+00 bonds in the other. We ordinary people buy and sell etf funds and stocks in the secondary market.
Let's take a look at etf stock trading rules and fees:
The operation process of Etf funds is basically the same as that of our stock trading. The operation is simple: first, you need to register a stock account, and then you can buy it by choosing your own etf fund. The handling fee for trading etf funds in stock accounts will be lower than that for OTC index funds, which means our income will be higher.
So what is the transaction cost of specific etf funds?
Buying etf funds in the market does not require subscription fees and redemption fees, while transaction fees are charged according to the commission of securities companies and do not pay stamp duty.
If you buy etf funds in Shanghai Stock Exchange, the transaction cost is between 0.085-2.5‰ of the transaction amount, starting from 5 yuan; If you buy an etf fund of Shenzhen Stock Exchange, the transaction cost is between 0. 1375-2.5‰ of the transaction amount.