Category: Money tips Release Date: 2007-01-19
Shenzhen Stock Exchange in the first ETF product ------ Shenzhen 100ETF only been on sale February 21, attracted wide attention from the market, reflecting the good. Shenzhen Stock Exchange issued the person in charge of matters relating to answer a reporter's question.
Q: How should investors to participate in the release of Shenzhen 1000ETF subscription?
A: Easy to 100ETF Fonda Shenzhen Shenzhen 100 Index to track the subject and take full replication method investments, referred to as "deep 100ETF", the fund code-named "159,901", on sale period February 21 to March 17, investors may to take the way of cash and stock redemption of participation in the subscription. Where have the fund consignment business can be eligible for the member participated in the issue has not been open network of member units under the stock redemption subject to prior contact with fund managers apply for open procedures. Redemption period for the stock sale last five trading days period (March 13 to 17), Prior to this, can apply for registration appointment. Only available in the fund during the period, investors may only use single-Shenzhen 100 constituent stocks for ETF shares, the Fund will no longer accept a single issue only after the end of the constituent stocks of redemption.
Q: The redemption of ETF investors to apply for equity share of business should pay attention to what matters?
A: The stock redemption is the ETF-specific distribution methods, in accordance with the arrangements for the sale of fund managers in order to share the stock redemption Shenzhen 100ETF pay particular attention to the following points:
1, the stock redemption is limited to Shenzhen 100 index constituent stocks and options has been announced constituent stocks and other stocks not be used for redemption. Minimum redemption of shares each to declare Gu Shuwei 1000 shares, more than 1,000 shares is required to be multiples of 100 shares. Investors can submit multiple applications for redemption, the cumulative reported number of shares does not impose a ceiling.
2, for the redemption of Shenzhen 100ETF sale prices of the constituent stocks of the last trading day average price calculation. During the period of sale prices of the constituent stocks of unusual volatility, the fund managers may, without notice, in whole or part of the refusal to declare the stock redemption.
3, the fund managers will have to apply for redemption of the constituent stocks of the proportion of configurations. According to investors, to declare the date of redemption has, in accordance with a first-come recognition. If the redemption of the same day, the number of declared stocks will exceed the ceiling of the fund managers may confirm a pro rata allocation of confirmation.
Stock redemption of ETF, on the one hand stocks spread investment risk, access to with the tracking index of the corresponding benefits, help to improve the liquidity of the securities assets, to achieve the purpose of the assets of investors to adjust the other hand, also take into account for the Redemption of stock price movements and changes in differences in Shenzhen 100 Index, as well as the impact of investment value, careful analysis of redemption opportunities and risks.
Q: How do ETF securities company's marketing and investor education work?
A: As a high-efficiency index of investment products, ETF has a fairly long nurturing and development process. Varieties in a rich market, also for the securities company's business transformation, the changing pattern of profitability and product innovation provides an opportunity to deepen in need of special attention to marketing and education to promote the popularization of ETF product knowledge and popularity, cultivating a number of familiar investors in the ranks of innovative products.
The securities company should pay attention to the relevant rules of organizational learning and knowledge related to the timely production and distribution of promotional materials to carry out customer training, organization of experienced ETF products introduced to the operation of the investment strategy and experience in the preparation of operational experience ETF exchange of materials, research and analysis by specialists assigned by the Shenzhen 100 index and its ETF product characteristics, while investors in a timely manner to reveal the investment risk.
My Web site (http://www.szse.cn) column with ETF are available for inspection, product-related documentation can be found easily Fonda fund management company's Web site (www.efunds.com.cn).
Q: Please brief us on the main Innovation Alliance Shenzhen 100ETF situation.
A: This year is the Shenzhen Stock Exchange product and system innovation, the establishment of a number of innovative working groups. Responsible for managing the implementation of goals. ETF is a major innovation this year, I have one of the items, ETF product itself will bring about market investment ideas and important changes in customer marketing mode, plates large, passive and difficult to manipulate the characteristics have also decided to take the lead more suitable for ETF transactions, the credit system and derivative product innovation and exploration, to avoid the risk of individual stocks as the underlying innovation. Main Innovation Alliance is where I made to improve the innovative mechanisms important attempt. The aim was to promote the follow-up ETF product innovation and sustainable development as an entry point to integrate the market resources, the Shenzhen Stock Exchange with market participants to build collaboration between the main body of innovative mechanisms, summarize and explore the experience and laws of product innovation, organizational in-depth study of innovative products and investors in publicity and education activities to promote the popularization of innovative products and popular. Shenzhen Stock Exchange ETF products in the promotion of innovation and follow-up process, relies on the overall advantages of the main Innovation Alliance to jointly promote, including ETF wide range of innovative products, including research and development.
