Category: Money Tips Date: 2005-12-28
Yi Fonda Shenzhen 100ETF sold into the third week, due to the Fund to use the cash to subscribe for the same time, Shanghai and Shenzhen 100 index of stocks in redemption of a combination of new distribution methods, and some investors to buy the details do not quite understand, this reporter on the issues of concern to investors do not generally easy to square up to an interview with Dr. Liu Xiaoyan, director of marketing.
Reporter: What are stock investors, redemption can be easily Fonda Shenzhen 100ETF share?
Liu Xiaoyan: investors must be used for redemption of shares of Shenzhen 100 Index constituent stocks. Shenzhen 100 index of the sample pre-Yangzi Petrochemical have been removed, and Shenli, Zhongyuan oil and gas, the three stocks can not be redemption of the Fund; the new G-transferred Aetna A, G Aodong, Kaidi Electric Power can be redemption.
Reporter: suspend redemption of the stock can do? How to determine the redemption price?
Liu Xiaoyan: Subscription can redemption of the stock during the period of suspension into the Shenzhen 100ETF, and to the last trading day before the suspension as a redemption price of the average price.
Reporter: The redemption of shares can do to change the stock? Customers how to fill in the number of shares subscribed?
LIU Xiao-yan: Yes redemption. In the subscription period, if the stock has not yet completed share reform program implementation (ie the share reform of the price paid), then fill in the currently held directly and the number of shares to be used for redemption.
Reporter: stock reform of the stock price after the redemption how to deal with?
Liu Xiaoyan: If T network the next day the stock the last day of the subscription period, then the redemption of shares will be T +2 working days to raise a special account for transfer to Shenzhen 100ETF. Suppose stock to shareholders of record on the implementation of reform programs (ie, pay the price of the shares on the date of registration) is the transfer of shares to the Shenzhen 100ETF on or after the funds were raised, then the stock price will go right to change the Shenzhen 100ETF Fund; if stock to shareholders of record on the implementation of reform programs is the transfer of shares to the Shenzhen special account 100ETF raised prior to the reform of the price of shares owned by investors, managers will be dealing with ex redemption price (for the shares of reform implementation has been completed on the last day of the subscription period listed on the stock, as listed prices have a natural ex-dividend, then the direct access that day, the average price for the redemption price).
Reporter: Shenzhen 100ETF for the redemption of the constituent stock of what the price determined?
Liu Xiaoyan: Shenzhen 100ETF redemption prices of the constituent stocks of the sale of the last trading day average price (total turnover divided by the total Chengjiaogushu to rounding method to retain two decimal places) to calculate. If the stock suspension or non-traded T on, places the last trading day before the suspension of the average price calculation.
Reporter: channels through which investors can check the success of redemption?
Liu Xiaoyan: investors may be in the fund after the commencement of the contract sales outlets by subscription inquiries to confirm the final transaction and redemption of the share.
Reporter: redemption on whether investors can buy the Shenzhen 100 constituent stocks of the day, and then the day conduct of the constituent stocks of the redemption?
Xiao-Yan Liu: Yes.
Reporter: with a investors in the subscription period can subscribe in cash and stock at the same time?
Xiao-Yan Liu: Yes.
Reporter: investors have opened accounts in securities investment funds can be used to redemption of Shenzhen 100ETF?
Liu Xiaoyan: Securities Investment Fund can only fund accounts online cash subscription or secondary market transactions, if investors need to participate in stock options under the net or the Fund's purchase, redemption, you should use the Shenzhen A share accounts.
