What is a Hong Kong stock ETF and what does an ETF in stocks mean

Hello friends: Hong Kong stock ETF is an open-ended exchange-traded index that tracks an underlying index in Hong Kong**.

Investors can buy and sell ETF shares in the secondary market, and can subscribe or redeem ETF shares from the management company, but the subscription and redemption must be exchanged for a basket of shares (or a small amount of cash) or a basket of shares (or a small amount of cash). Due to the existence of both secondary market trading and subscription and redemption mechanisms, investors can carry out arbitrage transactions when there is a price difference between the ETF's secondary market trading** and ** unit net value. The existence of an arbitrage mechanism allows ETFs to avoid the discount problem that is common in closed-ended**.

Investors can buy ETFs in two ways: they can buy from managers based on the net worth of the day after the market (the same as ordinary open-ended commons); It is also possible to buy directly from other investors in the market, and the purchase is determined by both the buyer and the seller, and this is often a certain gap from the net value at that time (the same as ordinary closed-ended).

Hello, a cross-border ETF refers to an ETF that tracks a cross-border index, where a cross-border index refers to an index whose component is listed overseas. As the first step of a cross-border ETF, a Hong Kong stock ETF is an ETF that tracks the Hong Kong** market index.

The Shenzhen Stock Exchange Hong Kong Stock ETF mainly has the following characteristics:

1) In terms of investment, passive investment is implemented, copying and tracking the underlying index of the Hong Kong ** market, and pursuing the minimization of tracking error and tracking difference.

2) It shall be raised by ** manager in accordance with the law in China, and investors shall subscribe in RMB.

3) The subscription and redemption shall be replaced by full RMB cash, and the manager will buy and sell the corresponding portfolio on behalf of the manager, and the cost shall be borne by the investor. ETF shares subscribed on T day can be redeemed and sold on T+2 day.

4) ETF shares are listed and traded on the Shenzhen Stock Exchange, and are bought and sold in the same way as single-market ETFs.

1. ETF is the English abbreviation of Exchange Traded Fund, which is translated into Chinese as "exchange-traded open-ended index**, also known as exchange-traded **". ETFs are open-ended in nature**.

There is no essential difference from the existing open **.

2. It's just that it also has its own distinct personality in three aspects: First, it can be listed on the exchange, and investors can be like a single ticket and a closed one.

That's on the ** exchange.

Buy and sell ETF shares directly; 2. ETFs are basically index-based open-ended**, but compared with the existing index-based open-ended**, its biggest advantage is that it is listed on the exchange, and trading is very convenient; 3. Its subscription and redemption also have its own characteristics, and investors can only use a basket of ** corresponding to the index to subscribe for a change of travel or redeem an ETF, rather than the existing open-ended ** cash subscription and redemption.

3. An ETF's portfolio usually replicates the underlying index exactly, and its net value performance is highly consistent with the specific index it is pegged to. For example, the SSE 50 ETF

The net value performance of the SSE 50 Index is on par with that of the SSE 50 Index.

The rise and fall of the height is consistent.

4. Exchange Traded Fund (ETF) is an open-ended investment product listed and traded on the exchange, and the trading procedures are exactly the same. The assets managed by the ETF are a basket of ** portfolios, the ** types in this portfolio are ** the same as a specific index, such as the SSE 50 Index, contains ** the same constituent**, the number of each ** is the same as the composition of the constituent stocks of the index, and the ETF trade** depends on the value of the basket** it has, i.e"Unit**Net asset value"。

5. ETF is a special hybrid type, which overcomes the shortcomings of closed-end and open-ended, and combines the advantages of both. ETFs can track a specific index, such as the SSE 50 Index; Unlike open-ended**, which uses cash to subscribe and redeem, ETFs use a basket of index constituent stocks to subscribe and redeem early**.

Tranche; ETFs can be listed and traded on exchanges. Due to its ease of understanding and high market acceptance, the ETF has grown rapidly around the world since the first ETF product was launched in the United States in 1993. Over the past 10 years, more than 280 ETFs have been launched in 12 countries (regions) around the world, with assets under management of more than US$210 billion.

1. As one of the most representative blue-chip indices in the Shanghai market, the SSE 50 ETF is the tracking target of the first exchange-traded open-ended index** (ETF) in China. The SSE 50 ETF is an innovative ETF.

2. CSI 300 ETF is an exchange-traded open-ended index with the CSI 300 Index as the underlying and traded and subscribed and redeemed in the secondary market. Investors can carry out arbitrage trades when there is a spread between the ETF's secondary market trading** and ** unit NAV. CSI 300 ETF is a heavyweight ETF** launched in the Chinese market.

Underlying index: CSI 300 Index.

3. Exchange-traded open-ended index**, also known as Exchange Traded Fund (ETF), is a kind of open-ended index that is listed and traded on the exchange and has variable shares.

4. ETF** Network is the first third-party research portal focusing on indexation investment in China, aiming to provide a full range of professional information, data, research and application services for individual investors or institutional investors who pay attention to and invest in ETF** (Lu Xiangwang Index**).

5. ETF (Exchange Traded Fund) refers to an open-ended asset that invests most of the assets in the early days, closely tracks them, and is listed on the exchange.

Encyclopedia—ETF**.com.

Encyclopedia - Banquet Tent Trading Open-ended Index**.

Encyclopedia - CSI 300 ETF

Encyclopedia — 50ETF

ETF stands for ETF exchange-traded open-ended index, which not only has the function of an ordinary index, that is, a basket to diversify risk, but also can be traded on the floor like a market, and it is more efficient to sell.