Transactional open-end index fund, also known as exchange-traded fund (ETF), is an open-end fund listed and traded on the exchange, with variable fund share.

Investors can buy ETFs in two ways:

1. You can buy from the fund manager according to the net value of the fund on that day (the same as ordinary open-end funds);

You can also buy directly from other investors in the securities market.

Extended data

According to the assets of ETF, there are stock ETF, bond ETF, commodity ETF, currency ETF and foreign exchange ETF. According to the investment market of ETF, it can be divided into single market ETF, cross-market ETF and cross-border ETF.

1) There are large types of ETFs in stock ETFs, such as Huaxia SSE 50ETF, which invests in the constituent stocks of SSE 50 and also belongs to single market ETFs; Shanghai and Shenzhen 300ETF belong to cross-market ETFs and industry ETFs, such as Jing Shun Great Wall CSI 800 Food and Beverage ETF, which tracks CSI 800 Food and Beverage Index and reflects the performance of the whole food and beverage industry.

2) Bond ETFs are mainly treasury bonds ETFs and city investment ETFs.

3) Gold ETF is the main commodity ETF.

4) The foreign exchange ETF mainly tracks the exchange rate changes of a single foreign exchange or a basket of foreign exchange, such as the RMB-denominated US dollar ETF, and tracks the fluctuation of the US dollar against the RMB exchange rate.

5) Currency ETF is special. It is a monetary fund that can be listed, traded and redeemed on the exchange. As simple as a stock, it can be traded "T+0", providing convenient cash management tools for on-site investors.

reference data

Baidu encyclopedia -ETF