平安基金产品研究中心产品经理薛方展：境内ETF规模约4.12万亿元 投资者可借助ETF多元配置资产

Core Viewpoint - The article discusses the "5·15—5·19 Investor Protection Awareness Week" event, emphasizing the importance of rational, value, and long-term investment strategies while enhancing investors' risk awareness and self-protection capabilities [1] Group 1: ETF Characteristics - ETFs have three core advantages: tradability, diversification, and openness. They can be traded like stocks, allowing for convenient transactions. They are based on indices, providing effective risk diversification. The open-ended nature allows for quick adjustments through subscription and redemption mechanisms [2] - As of May 15, 2025, there are 1,162 ETFs in the market with a total scale of 4.12 trillion yuan, including nearly 3 trillion yuan in stock ETFs covering 442 indices [2] Group 2: Common Investment Misconceptions - Common misconceptions include using short-term funds for long-term high-risk investments, which can lead to permanent losses during market downturns. Conversely, using long-term funds for short-term low-risk investments can result in missed opportunities for higher returns [2] Group 3: Investment Strategies - Investors should allocate assets based on their risk tolerance and investment goals, considering proportions for short-term funds, risk reserves, high-risk high-reward funds, and long-term stable income funds [3] - The suggested allocation is 10% for short-term funds, 20% for risk reserves, 30% for high-risk high-reward funds, and 40% for long-term stable income funds [3] Group 4: ETF Selection Criteria - When selecting ETFs, investors should consider the fund's size, management fees, and excess returns. Larger ETFs tend to have higher trading activity and better liquidity, reducing trading risks [4] - Management fees can vary significantly, as seen in the example of new energy vehicle ETFs, where fees range from 20 basis points to 60 basis points [4] Group 5: Arbitrage Strategies - ETF arbitrage strategies include premium/discount arbitrage and event arbitrage, allowing investors to capitalize on price discrepancies between market prices and intrinsic values [4] - ETFs are described as efficient, transparent, and low-cost investment tools that cater to diverse investor needs, with professional management ensuring product stability [4]