wholesale sterling jewelry india Cross -border ETF's domestic cross -border ETF development situation

alma wholesale jewelry On July 9, 2012, for the first time in China, cross -border ETF products were released, namely Huaxia Hang Seng ETF (159920) and ETF of Eta Hang Seng Chinese Enterprise ETF. The two products were traded on the Shenzhen Stock Exchange and Shanghai Stock Exchange on October 22, 2012.
If investors direct investment in Hong Kong stocks will be affected by factors such as high commission ratio, cumbersome procedures, annual exchange limit, real -time market charges, etc. The above cross -border ETF solves these problems. You can buy and sell on the exchange, or to purchase and redeem on the field and off -site, which greatly reduces the difficulty of individual investors and some institutional investors to invest in the Hong Kong stock market.
Compared with ordinary QDII funds, Hong Kong stocks ETF has the characteristics of low rates and high efficiency. Ordinary QDII fund management fees are generally 1.8%or 1.85%, the custody fee is 0.30%or 0.35%, while the management fee of ETF of ETF Hangsheng Chinese Enterprise is 0.6%, the custody fee is 0.20%, and the rate of Huaxia Hang Seng ETF is lower. The management costs and custody fees are 0.60%and 0.15%, respectively. In addition, in the time of purchase and redemption, Hong Kong stocks ETF and ordinary QDII fund are different. For ordinary QDIIs, T 3 can be redeemed by T 3 days of fund shares, but Hong Kong stocks ETF can be redeemed on T 2 days. At the same time, due to the special transaction mechanism of ETF, investors can purchase and redemption in the first -level market, and can also conduct mutual transactions between ETFs in the secondary market. ETF first -level markets, ETF secondary markets and stock spot markets are simple arbitrage. arbitrage. Specifically, when the secondary market price is lower than the net value of the fund, investors can buy at a low price from the secondary market at the second market in T day, and redeem on the first -level market on the day to earn the difference.