理财小白不懂就问:mutual fund和ETF有什么区别啊?

s
sunnyshining
楼主 (北美华人网)
如题。理财小白没有赶上最近股市这波大潮,最近又实在不敢再多买股票了,于是决定还是乖乖的在vanguard买理财产品吧。看了一下好多mutual fund和ETF好像干的是类似的事情,但是看起来好像ETF的管理费更低,而且基本上还没有minimum purchase的要求,而且很多平均的return好像也差不多。那要是这样的话是不是应该无脑买EFT呢?这两个的区别到底在哪里呢?多谢!
s
sunnyshining
https://investor.vanguard.com/etf/etf-vs-mutual-fund
林泉吟 发表于 2020-12-24 16:46

多谢多谢!非常有帮助~
3
3906
如题。理财小白没有赶上最近股市这波大潮,最近又实在不敢再多买股票了,于是决定还是乖乖的在vanguard买理财产品吧。看了一下好多mutual fund和ETF好像干的是类似的事情,但是看起来好像ETF的管理费更低,而且基本上还没有minimum purchase的要求,而且很多平均的return好像也差不多。那要是这样的话是不是应该无脑买EFT呢?这两个的区别到底在哪里呢?多谢!
sunnyshining 发表于 2020-12-24 16:41

这种能随时取出来么?
y
yolandos
ETF is definitely more liquid as mutual funds you can only buy/sell at the end of day NAV vs ETF you can buy/sell intraday but you have to deal with bid-ask spread. Even for the exact same underlying asset at vanguard during the market downturn(in March,2020), you constantly see a price discrepency. For an example, you see your EFT goes down by 5% but the same mutual fund only goes down by 3% (which provides a arbitrage opportunity!). In a normal market, they pretty much go up and down the same pace and the most difference is EFT has lower purchase requirements and the same mutual fund tends to be more tax efficent if you buy and sell and easier to re-invest.
L
Lcynthia500
这种能随时取出来么?
3906 发表于 2020-12-24 17:07

你要是在退休账户里买肯定不能马上取,要是个人账户就可以(有些mutual fund规定多少天之内不能取)。 ETF随时交易更灵活一些,但这(频繁交易)也不一定是好事。如果是buy and hold, 其实mutual fund挺好。
L
Lcynthia500
如题。理财小白没有赶上最近股市这波大潮,最近又实在不敢再多买股票了,于是决定还是乖乖的在vanguard买理财产品吧。看了一下好多mutual fund和ETF好像干的是类似的事情,但是看起来好像ETF的管理费更低,而且基本上还没有minimum purchase的要求,而且很多平均的return好像也差不多。那要是这样的话是不是应该无脑买EFT呢?这两个的区别到底在哪里呢?多谢!
sunnyshining 发表于 2020-12-24 16:41

https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds 这个网站挺好的(https://www.bogleheads.org/),有很多有用的指导和建议。
c
countryside005
ETF is definitely more liquid as mutual funds you can only buy/sell at the end of day NAV vs ETF you can buy/sell intraday but you have to deal with bid-ask spread. Even for the exact same underlying asset at vanguard during the market downturn(in March,2020), you constantly see a price discrepency. For an example, you see your EFT goes down by 5% but the same mutual fund only goes down by 3% (which provides a arbitrage opportunity!). In a normal market, they pretty much go up and down the same pace and the most difference is EFT has lower purchase requirements and the same mutual fund tends to be more tax efficent if you buy and sell and easier to re-invest.
yolandos 发表于 2020-12-24 18:05

Vanguard同样的ETFs和Mutual Funds对税来说是一样的。别家的是ETF更省税一点。
l
laiquziyou
不错啊
b
bigcatlu
很多金融公司的compliance里面,对ETF trade的监管和股票是一样的,必须申报。 mutual fund则不必须要,松很多。401K也是可以买mutual fund而没有ETF选项.
g
gepolv
Index fund了解下