（1）跨境ETF的概念 跨境ETF是指以跟踪境外资本市场证券作为成份券的指数并在国内证券交易所上市的ETF。简单地说， 跨境ETF就是"跟踪境外指数，境内上市交易"的ETF。跨境ETF是境内投资者投资境外市场的最有效的 途径之一，已受到投资者普遍欢迎。投资者常见的纳指ETF、标普500ETF等品种都是跨境ETF。 （2）跨境ETF的特点 近几年，跨境ETF产品越来越丰富，涵盖了全球主要经济体和市场。国内投资者只要开立证券交易账 户，即可以便捷地通过投资跨境ETF，实现全球资产配置。跨境ETF具有以下特点： ①海外投资便捷。投资者不需要开通海外账户及换汇，即可通过跨境ETF投资海外证券资产，实现全球 资产配置。 （4）跨境ETF如何受汇率影响 跨境ETF投资可以使用人民币进行申购、赎回和交易，资金由基金管理人换汇后投资于境外资本市场， 不占用个人的外汇使用额度。跨境ETF以人民币计价，外币升值有益于基金净值，反之亦然，人民币升 值则对基金净值不利。 选自深圳证券交易所基金管理部编著的《深交所ETF投资问答》（中国财政经济出版社2024年版） ②交易效率高。不同于国内A股ETF，跨境ETF可实现日内T+0回转交易 ...

Group 1 - The core concept of cross-border ETFs is to track foreign capital market securities and list them on domestic exchanges, providing a convenient way for domestic investors to access overseas markets [1] - Cross-border ETFs have become increasingly popular among investors, allowing for global asset allocation without the need for opening overseas accounts or currency exchange [2] - Cross-border ETFs offer high trading efficiency with T+0 intraday trading, enabling investors to make flexible trading decisions based on market conditions [2] Group 2 - Compared to traditional cross-border QDII funds, cross-border ETFs are more efficient and cost-effective, with T+0 trading versus T+X for QDII funds [3] - Cross-border ETFs do not charge subscription or redemption fees, while QDII funds typically charge 1% to 1.5% for subscription and up to 1.5% for redemption within 7 days [3] - Management fees for cross-border ETFs range from 0.5% to 0.8%, significantly lower than the 1.0% to 1.85% charged by QDII funds [3] Group 3 - Cross-border ETFs allow transactions in RMB, with fund managers converting currency for investment in foreign markets, thus not affecting individual foreign exchange quotas [4] - The net asset value of cross-border ETFs is positively influenced by foreign currency appreciation and negatively affected by RMB appreciation [4]