2012年4月7日 星期六

tera gold stock index futures market - RVX

129770871316406250_37In smartphones, Apple relies on innovation has opened up a mobile cultural currents "era IPHONE", and as the first domestic ETF products across markets, since the beginning of this year, Shanghai and Shenzhen 300ETF products launched a great deal of attention. As the first batch of design and development of Shanghai and Shenzhen 300ETF fund company, harvest Fund (micro-blogging) by creating a more refinedFine spot index of investment tools, has opened a new chapter of CSI 300 investment. As the index of domestic products who led the research, harvest Fund as early as 2007 year will participate in the design and development of Shanghai and Shenzhen 300ETF, and in 2008 the Commission submitted a product subscription applications, with the end of Shenzhen Stock Exchange 3 network test, securities and Futures Commission to raise approval productsAlso into the last stage.  In this regard, harvest Fund indexation said research team leader Yang Yu, Shanghai and Shenzhen 300ETF product innovation lies not only in its implementation of seamless connection in Shenzhen, Shanghai, stock index futures market, is more important, to provide market and stock index futures spot of goodness later products. After launch in April 2010, CSI 300 indexFreight has been more than a year tera gold, hedging capabilities have become clear. In arbitrage trading in stock index futures, cash requirements of the product is relatively high, to control the process of arbitrage in deviations.  Index of existing products cannot provide real suitable spot for investors. Currently on the market, arbitrage trading in stock index futures, use two single marketETF Portfolio tera power leveling, from a track on the benchmark index, CSI 300 index and cross-market the inherent biases. Launch of Shanghai and Shenzhen 300ETF products, because of its good track on the benchmark index, it is a good solution to this problem. First of all, because the trace to the same benchmark index, on the future operation of investment tera gold, CSI CSI 300 index futures will form and 300ETF moreDirect arbitrage hedge, provided for stock index futures arbitrage goodness high spot products. In addition, in the regulations of the Fund in China, General Index Fund must hold at least 5% per cent of cash or Government bonds due within 1 year as a mobility tool, in fact at most 95% of assets to investment benchmark index, it creates index investment on trackSubject index of deviation of irreversible change. In contrast, in the current product structure design of domestic traffic, ETF subject-index 100% to investment of the assets of the Fund, under guarantee high stick to index, effectively improving the utilization of funds of investors, to reduce the index investing long-term tracking error, so as to enhance its effectiveness as a long-term asset allocation tools not onlyCan effectively control the carry costs, and reduce tracking error significantly increase the duration on the basis of arbitrage opportunities. At present, as the sole existing domestic stock index futures index, CSI 300 index, barometer of the overall trend is also reflected in Shanghai and Shenzhen in China. From the perspective of valuations, after experiencing swings down last year, CSI 300 index the current average price/earnings ratio of 12 times the leftRight, bottom area of history, investment value appeared, becoming investors in blue-chip investment long term time to layout. Others:

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