Please tell me if the 50ETF index fund is T 0 trading?

ETF** shares of the same day cannot be sold, but can be redeemed; ETF** shares obtained from the subscription on the same day can be sold, but cannot be redeemed; Investors are not allowed to sell on the same day, but they can be used to subscribe for ETF shares; The ** obtained by the investor who redeems ** shares on the same day can be sold, but cannot be used to subscribe for ETF ** shares. Therefore, investors can achieve T+0 trading on the SSE 50 index on the same day.

Here** is similar to buying**: the subscription is different, generally over-the-counter** subscription, T+1 day settlement, T+2 day to arrive, ETF, you can use a basket ** (with the position or the day** shares) to do the subscription (at least 1 million shares), the subscription is successful, T+0 day settlement, T+1 day can be received.

If you have 1 million shares of the ETF**, you can redeem it, and instead of cash, you will redeem a basket of shares (the constituent stocks should be the best stocks calculated by the experts of the exchange), and now you have a basket of shares, which you can sell in whole or in part, or not at all, and if you don't sell, after settlement, you have these baskets of shares.

Extended information: The SSE 50 Index is compiled by the Shanghai ** Stock Exchange, the index is referred to as SSE 50, **000016, the base date is December 31, 2003, and the basis point is 1000 points. It was officially released on January 2, 2004 and listed on the Shanghai ** Stock Exchange.

The investment objective of SSE 50 ETF is to closely track the SSE 50 Index and minimize tracking difference and tracking error, **510050. **Adopt a passive investment strategy, and the specific investment method used to track the index is mainly the full replication method, which pursues to achieve similar risk and return characteristics as the SSE 50 Index.

A: Hello, at present, most cross-border ETFs, ETFs and on-exchange currencies are T+0.

There are E Fund which are ChinaAMC Hang Seng ETF (159920), CSOP China (160125), Huaan S&P Global Petroleum (160416), CSOP Hang Seng H-shares (160717), Harvest** (160719), E Fund** (161116), SDIC Xinxing (161210), China Merchants BRICS (161714), Yinhua Inflation (161815), and Huabao Oil & Gas (162411).

1. The investment direction of T+0

1. T+0 trading is a trading system commonly used in major overseas markets, and cross-border ETFs are more in line with investment habits due to the fact that most of the investment targets implement T+0 trading, and the implementation of T+0 trading in cross-border ETFs is more in line with investment habits, so that its investment value is further enhanced. After the implementation of T+0 trading in cross-border ETFs, investors can sell all or part of them before settlement on the day of trading, so that a single fund can be circulated multiple times in a single day, which greatly improves the capital turnover rate of investors.

With the help of the mechanism of intraday rotation of funds, it brings a new way to invest in overseas ETFs for investors who prefer intraday high-frequency trading. However, investors should also pay attention to the rational investment in T+0 products, do not blindly chase high, and avoid losses caused by sharp fluctuations.

2. The cross-border ETFs that have been listed can be roughly divided into two categories, one is Hong Kong stock ETFs and the other is cross-border ETFs. The overlapping trading hours of Hong Kong stocks and A-shares, coupled with the opening of Shanghai-Hong Kong Stock Connect, after the implementation of T+0 trading of Hong Kong stock ETFs, it is conducive to investors to carry out on-site arbitrage, making the secondary market of Hong Kong stock ETFs more active and more liquid.

For the second type of cross-border cross-border ETFs, although the trading hours of A-shares do not overlap, since some indices have 24-hour trading, investors can participate in the secondary market according to the trend of **, and the opening of T+0 trading will also be conducive to the liquidity of ETFs.

2. T+0

T+0 (Transaction Plus 0 Days) is an abbreviation of the ** transaction and settlement system. In academic research and practical business, T+0 can be subdivided into T+0 trading system and T+0 settlement system.

In layman's terms, it means that the funds obtained from selling ** on the same day can be sold on the same day, and the ** of the same day can be sold on the same day (T+0 transaction), and the day when the transaction actually occurs** and the funds are cleared and delivered (T+0 settlement). The above two are not to be confused, and T+0 settlement is a sufficient and unnecessary condition for T+0 transactions.

According to the understanding of ordinary investors, ETFs that invest in the domestic market do not support T0 trading and invest in Hong Kong stocks.

and overseas markets, such as Hang Seng ETF, etc.

There are trading ETFs in the form of buying and selling transactions and subscription and redemption transactions, but some ETFs involved in subscription and redemption need to open subscription and redemption permissions.

Principles of trading, subscribing and redeeming **ETF in the ordinary single market: the ** shares subscribed on the same day can be sold on the same day, but cannot be redeemed; The ** share of the same day can be redeemed on the same day, and the loss is offset but cannot be sold; If the ** is redeemed on the same day, it can be sold on the same day, but it cannot be used to subscribe for ** shares; ** of the same day**, which can be used to subscribe for ** shares on the same day.

ETFs are ** companies.

The first-hand buyers (founders) of the issued products are certified investment institutions, such as ** companies and large institutional investors.

These buyers can exchange a basket of ** (variety and proportion** company agreed, and at the beginning of the issuance, they can also take cash) in exchange for ETF shares. Of course, these certified institutions can also exchange ETF shares for a basket**.

It is the deviation between the ETF's trading** and the net value. When the trading is high and the net value is low, these "wholesalers" will buy a basket of ETF shares to "purchase" ETF shares, and at the same time retail the shares to other investors to achieve risk-free arbitrage of buying low and selling high.

On the contrary, if the trading ** is lower than the net worth, you must be able to think that you can also make money by "acquiring" ETF shares from the market and then swapping them back from the **company.

1. ETF index** can be operated on T+0, but you have to do redemption.

2. The lower limit of ** is 100 shares, if you want to subscribe or redeem, you have to have a minimum of 1 million shares, such as SSE 50, SZSE 100;

3. Here**is similar to buying**; Subscription is different, generally over-the-counter ** subscription, T+1 day settlement, T+2 day to arrive, ETF, you can use a basket ** (with the position or the day's ** shares) to do the subscription (at least 1 million shares), the subscription is successful, T+0 day settlement, T+1 day can be rented to the account.

4. If you have 1 million shares of ETF**, you can redeem it, and what is redeemed at this time is not cash, but a basket of ** (the constituent stocks should be the best stocks calculated by the experts of the exchange), and now you get a basket**, you can sell all or part of it, or you can not sell it, if you don't sell it, after settlement, you will have these baskets of ** shares.

In short, the ETF index is generally a medium and long ruler line with more investors, and some institutions do intraday arbitrage, and there are very few intraday investors.

Daewoo Financial Management Lesson 57: T+0 operation of ETF**, secrets you don't know.

ETF varieties that can be traded on T+0 are more efficient for investment and trading, and the fees are low, so you deserve it.

Hello, at present, some domestic ETF varieties support T+0 trading, such as bond ETFs, ** ETFs, cross-border ETFs, and currency ETFs; However, ETFs implement T+1 trading.

Most ETFs, LOFs, and on-exchange closed** are subject to "T+1" settlement.

That is, the share of the current day**, which can be sold on the next trading day; For the shares sold on the same day, the funds are available in real time and can be withdrawn on the next trading day.

Currently, there are real-time currencies and some ETFs that support T+0 trading.

For details, please refer to the **Prospectus published on the company's official website.

At present, not all ETFs are T+0, only cross-border ETFs, bond ETFs, ** ETFs, and currency ETFs are T+0, and domestic A-share ETFs do not support T+0 for the time being.

T+0 refers to intraday rotation trading, and if you get the ETF on T day, you can sell it directly on T day, which can help investors capture short-term investment opportunities and achieve accurate timing. Currency ETFs traded on T+0: Bosera (511860), Yinhua Rili (511880), Cash Tianfu (511980), GF (511920), and Wells Fargo (511900).

Case-by-case analysis.

At present, some ETFs in the market can be traded on T+0, such as Hang Seng B, Hong Kong stock B, etc., which are all ETFs that have been specially approved by the state to conduct T+0 trading.

There are also some ETFs that will perform T+1 transactions due to their nature, composition, etc.

To provide a simple way to tell, you can look at the recent turnover rate of the ETF you are buying (preferably in April, when the ETF is particularly actively traded), if it is more than 100%, then it is T+0, if it has been below 100%, then it is T+1. Generally speaking, the turnover rate of a T+0 ETF can reach more than 300% on an active trading day. (I've seen more than 800% of them).

The trading method is the same.

ETF Exchange Traded Funds**, T+0 means that the security (or**) of the same day can be sold on the same day. The benefit of T+0 is that it reduces risk, such as ******.

On the market**, you can buy and sell multiple times a day.

1、etf：

Exchange-traded open-ended indices** are also commonly referred to as Exchange Traded Funds (ETFs)."etf"), is a kind of open-ended that is listed and traded on an exchange and has a variable share.

Transactional open-ended index is a special type of open-ended, which combines the operational characteristics of closed-end and open-ended, investors can not only subscribe or redeem shares from the management company, but also buy and sell ETF shares in the secondary market according to the market like closed-ended, however, the subscription and redemption must be exchanged for a basket of shares or a basket of shares. Due to the existence of both market trading and subscription and redemption mechanisms, investors can carry out arbitrage transactions when there is a price difference between the ETF market and the net value of the unit. The existence of the arbitrage mechanism allows ETFs to avoid the discount problem that is common in closed**.

2、t+0 ：

T+0 is a securities (or **) trading system. Any trading system that completes the clearing and delivery procedures of securities (or **) and the price on the day of the transaction of the securities (or **) is called T+0 trading. In layman's terms, it means that the ** securities (or **) of the same day can be sold on the same day.

T+0 trading has been implemented in China's securities market, because it is too speculative, in order to ensure the stability of the securities market, China's Shanghai ** Exchange and Shenzhen ** Exchange implement the "T+1" trading method for ** and ** transactions. That is, if you buy on the same day, you can't sell it until the next trading day. At the same time, the funds are still "T+0", that is, the funds withdrawn on the same day can be used immediately.

The Shanghai ** Exchange implements the "T+0" trading method for steel ** trading.

At present, China's ** market implements the T+1 clearing system, while the ** market implements T+0

The small and medium-sized board **** (ETF) cannot yet realize the T0 trading on the market, but the ETF is currently the only investment tool in the domestic A** market that has opened up the two markets, and the shares subscribed on the same day can be sold in the secondary market on the same day, and the shares of the secondary market ** on the same day can be redeemed on the same day.

For investors who subscribe in kind through the brokerage, they will get the share confirmation in real time and sell it in the secondary market at the time of the market**. As for the final liquidation, it will not take place until after the market closes. Because under normal circumstances, the transactions in the secondary market will closely follow the real-time net value, so the liquidation will be very close to the current trade, so that real-time transactions can be realized.