ETF到底是什么

ETF之家 发布于 2018-09-11 10:49:21
  1. 什么是ETF? <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">ETF是交易所交易基金(Exchange Traded Fund)的简称,也称交易型开放式指数基金。它是一种特殊的开放式基金,既吸收了封闭式基金可以当日实时交易的优点,投资者可以像买卖封闭式基金或者股票一样,在二级市场买卖ETF份额;同时,ETF也具备了开放式基金可自由申购赎回的优点,投资者可以如买卖开放式基金一样,向基金管理公司申购或赎回ETF份额。所不同的是,ETF的申购和赎回采用的是实物股票的形式。</p> 2. 买ETF就等于买了一篮子股票 <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">ETF采用指数化投资,跟踪复制某一个指数,该指数由某些成份股组成,购买ETF相当于购买了由这些股票组成一篮子股票。如沪深300ETF跟踪复制沪深300指数,该指数成分股为上海和深圳证券市场中市值大、流动性好的300只股票组成,购买沪深300ETF就相当于投资由这300只股票组成的一篮子股票。</p> 3. ETF类别 <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(1)根据投资方法的不同:ETF可分为指数基金和积极管理型基金,国外绝大多数ETF是指数基金。目前国内推出的ETF也是指数基金居多。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(2)根据投资对象的不同:ETF可以分为股票基金、债券基金和商品基金等,其中目前全球市场的ETF以股票基金为主。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(3)根据投资区域的不同:ETF可以分为单一国家(或市场)基金和区域性基金,其中以单一国家基金为主。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(4)根据投资风格的不同:ETF可以分为市场基准指数基金、行业指数基金和风格指数基金(如成长型、价值型、大盘、中盘、小盘)、主题指数基金和策略指数基金等,其中以市场基准指数基金为主。</p> 4. 投资ETF与投资股票有何不同? <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">在交易方式上,ETF与股票完全相同,投资者只要有证券账户,就可以在盘中随时买卖ETF,交易价格依市价实时变动,相当方便并具有流动性。ETF比直接投资股票的好处在于:(1)和封闭式基金一样没有印花税。(2)买入ETF就相当于买入一个指数投资组合。(3)在投资组合透明度方面,ETF标的指数的成分股完全透明,投资者可直接投资一只ETF来取代投资这一篮子股票组合。</p> 5. 什么是ETF申购赎回中的一篮子股票? <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">在申购赎回的方式上,ETF与普通开放式基金有明显差异。普通开放式基金,申购和赎回采取现金形式;而ETF的申购和赎回则不接受现金,一般情况下,投资者在申购ETF份额时,需准备与基金投资组合基本一致的股票组合,该股票组合即是“一篮子股票”。
    <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"> </p> 6. 投资ETF的优势 <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">ETF作为过去30年以来发展迅猛的金融创新产品,集多种金融产品的优点于一身:</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(1)指数化投资:ETF采取被动投资策略,跟踪、复制某个证券市场指数,有利于充分分散</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">风险,追求市场平均收益,“赚了指数就赚钱’’。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(2)费用低廉:费用低廉是指数基金的一大优势,而ETF的管理费用、运作费用比普通指数</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">基金更加低廉。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(3)交易便利:像股票和封闭式基金一样,能够在交易所买卖,也可以一定的规模在一级市</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">场进行申购、赎回,具有交易便利性。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(4)存在套利机制:ETF在交易所交易与一级市场申购、赎回并存,使得投资者能够从交易</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">价格与资产净值的偏离中获取收益,套利机制的存在使得ETF的交易价格与基金单位净</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">值保持一致,避免了封闭式基金存在的大幅折价问题。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(5)以股票实物申购、赎回,与指数表现更为接近:ETF一般采用一篮子股票申购、赎回方式,并且申购、赎回只能以一定规模的单位数或其整数倍进行,没有普通开放式基金的赎回压力,与指数的表现更为接近。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(6)税收优势:ETF买卖不需缴纳印花税,ETF的基金分红不需缴纳所得税。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"> </p> 7. ETF适合哪些投资者? <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">ETF适合各类投资者进行多种方式投资。ETF是一种高效的指数基金,既适合长期投资、获取经济成长的长期回报,又可以用于判断市场短期趋势的波动操作;ETF产品既可以进行一篮子股票的申购和赎回,又同时在交易所市场实时交易,因此无论个人客户还是机构等大客户都可以参与;而ETF独有的二级市场套利机制,还适合擅长无风险套利运作的投资者进行套利操作。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"> </p> 8. 如何在二级市场买卖ETF? <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">ETF在交易所上市交易。与股票和封闭式基金一样,ETF的二级市场交易同样需要遵守交易所的有关交易规则,如当日买入的基金份额当日不得卖出,并可适用大宗交易的相关规定等。基金份额是在投资者之间买卖的,投资者利用证券交易所的证券账户或基金账户即可进行交易。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(1)交易时间:证券交易所的开市时间,具体为周一至周五的上午9:30-11:30和下午1:00 -3:00 (节假日除外)。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(2)交易方式:在交易目的交易时间通过任何一家证券公司委托下单。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(3)交易单位:100份基金份额为1手,并可适用大宗交易的相关规定。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(4)交易价格:由市场供求决定,在一般情况下与基金份额参考净值(IOPV)偏离不大,如存在较大偏离则可能意味着套利机会的出现。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(5)价格最小变动单位:0.001元。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(6)涨跌幅限制:10%。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(7)交易费用:无印花税,佣金不高于0.30%。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">(8)清算交收:T日交易,T+1日交收。</p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;"> </p> <p style="background-color: transparent; color: rgb(26, 26, 26); font-family: -apple-system,BlinkMacSystemFont,Helvetica Neue,PingFang SC,Microsoft YaHei,Source Han Sans SC,Noto Sans CJK SC,WenQuanYi Micro Hei,sans-serif; font-size: 15px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 15px; margin-left: 0px; margin-right: 0px; margin-top: 15px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">更多ETF相关资讯,请关注公众号:ETF之家</p>
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