LTG in this article
GoldRock will share the advantages of ETF ~
Disaptive investment and reduce investment risks
Passive investment portfolios usually contain a large number of targets than general active investment portfolios. Increased increase in the number of targets can reduce the impact of the fluctuations of a single target on the overall investment portfolio.Fluctuations.
Both the characteristics of stock and index funds
(1) For ordinary investors, ETFs can also be traded on the secondary market of the exchange after being split into smaller trading units like ordinary stocks.
(2) Earn the index to make money. Investors no longer have to study stocks, and they are worried about stepping on landmine stocks. (Before 2010, there was no shorting mechanism for the securities market in my country, so there was a situation that "the index fell to lose money." In April 2010, the stock index futures were opened. From December 5, 2011, seven ETF funds were included in the field of marginum margin)
Combine the advantages of closed and open funds
ETF, like the closed funds we are familiar with, can be bought and sold on the exchange in the form of a small "fund unit".Similar to open funds, ETF allows investors to continue to purchase and redeem continuously, but when ETFs are redemption, investors do not get cash, but a basket of stocks.Back.
Compared with closed funds, ETFs are listed on the exchanges and listed on the exchange.
① Etf is higher.As investors can purchase/redemption continuously, the fund manager is required to announce the frequency of net worth and investment portfolio correspondingly.
② Due to the existence of continuous subscription/redemption mechanism, the net value and market price of ETF will not have much discount/premium in theory.
Compared with open funds, ETF funds have two advantages:
The first is that ETF is listed on the exchange. It can be traded at any time during the day and has the convenience of trading.Generally open funds can only be opened once a day, and investors only have one trading opportunity every day (that is, purchase and redemption);
The second is that when ETF is redemption, a basket of stocks are delivered. There is no need to keep cash and facilitate the operation of managers. It can improve the management efficiency of fund investment.Open funds often need to retain a certain cash cash cash cash register. When the investor of the open -end fund redeem fund shares, the fund manager often forces the fund manager to constantly adjust the investment portfolio.Those long -term investors who have not required redemption.This mechanism can ensure that when some ETF investors ask for redemption, there is no much impact on the long -term investors of ETF (because the redemption is stock).
