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ETFS的运作模式与竞争优势 被引量:1

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摘要 一、ETFs概述近年来,一种新的基金品种,ETFs(Exchangetraded Funds),成为投资者讨论的热门话题。事实上,第一只ETF的推出已经是1993年的事了。90年代初,随着指数参与份额IPS(Index Participation Shares)遭到清算,投资者迫切需要其替代品,以实现通过简便的一次性交易来对一揽子股票组合进行投资的目的。在这种市场需求的背景下,出现了两种创新产品:一种是超级大额股份(Supershares)。
作者 常科
机构地区 武汉大学商学院
出处 《经济管理》 CSSCI 北大核心 2003年第1期77-79,共3页 Business and Management Journal ( BMJ )
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参考文献6

  • 1U.S. Securities and Exchange Commission: Exchange-Traded Funds (ETFs), at http://www.sec.gov.
  • 2U.S. Securities and Exchange Commission. SEC Concept Release-Actively Managed Exchange- Traded Funds,at http://www.sec.gov.
  • 3U.S. Securities and Exchange Commission: Unit Investment Trusts (UITs), at http://www. sec. gov.
  • 4陈志民,冉华.ETFs的运作模式及借鉴[J].证券市场导报,2001(7):35-39. 被引量:8
  • 5张玲.ETFs的组织结构[J].证券市场导报,2002(2):48-54. 被引量:6
  • 6中国社会科学院金融研究中心“投资基金课题组”.“美国证券投资基金的现状及走势”,《中国证券报》,2001年10月24日.

二级参考文献14

  • 1U.S. Securities and Exchange Commission: Unit Investment Trust (UITs), at http://www.sec.gov/answers/uni.htm.
  • 2Joanne Hill, Barbara Mueller, Adam Esposito, Exchange-Traded Funds (Global), an unpublished Working Paper.
  • 3Jonathan G. Katz, SEC Concept Release: Actively Managed Exchange-Traded Funds, November 8, 2001. at http://www.sec.gov/rules/concept/ic-25258.htm.
  • 4Kathleen H. Moriarty, Esq., Overview of Legal and Structural Issues Pertaining to Issuing and Trading Exchange Traded Funds ("ETFs") Worldwide, 15 October 2001. at http://www.hedgefundsworld.com/download/upload/263-230-DOC.doc.
  • 5Whitney Dow, Growth Across the Product Spectrum- Analysis of Asset Growth Rates in Mutual Fund Product Alternatives. at http://www.frcnet.com/frc/research/articles/art_othr_grth_prdspctrm.asp Another Data Show That American ETFs Asset Growth Rates Is 86% Annually, See Gavin Quill, ETFs: The Growth Story of 2000, at http://frcnet.com.
  • 6Randall Rohn, Enhanced Index Funds-What's in a Name? at http://www.457.mpower.com/commentary/money/money_021901.xspMore Information About Enhanced Index Funds athttp://www.wiesenberger.com (Wiesenberger Thompson Financial).
  • 7Craig S. Tyle, Petition to SEC on Portfolio Investment Programs, March 28, 2001. at http://www.ici.org/portfolio_petition.html.
  • 8FRC, Whither the Daily NAV? ETFs May Spark Increased Intraday Trading Features in Mutual Funds. at http://www.frcnet.com/frc/research/art_tech_dailyn.htm.
  • 9Gavin Quill, The Next Mutual Fund (R)Evolution? Focus on the Innovations, Not the Exaggerations, at http://www.frcnet.com/frc/research/articles/art_revolution.asp.
  • 10John Spence, Benefits of ETFs Debated at Asset Allocation Seminar. at http://www.indexfunds.com/articles/20001101_ETFmyth_iss_etf_Js.htm.

共引文献11

同被引文献2

  • 1FERRIRICHARDA.All about Index Funds[M].上海:上海财经出版社,2003..
  • 2GASTINEAUGARYL.The Exchange-Traded Funds Manual[M].上海:上海财经出版社,2003..

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