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  • 投資學期末報告

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    曾于芮
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    This document provides an introduction to exchange-traded funds (ETFs). It discusses what ETFs are, their key characteristics, how to buy and sell ETFs, their advantages over other investment tools, who typically invests in ETFs, how ETFs contrast with stocks, and differences in transaction costs. ETFs track indices and can be traded on stock exchanges, providing exposure to a basket of securities while retaining fund characteristics. They offer reactive management, both fund and stock features, and use a physical purchase and repurchase mechanism. The document outlines various ways for investors to buy ETFs and advantages like easy trading, no uptick rule, diversification and low costs.

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    This document provides an introduction to exchange-traded funds (ETFs). It discusses what ETFs are, their key characteristics, how to buy and sell ETFs, their advantages over other investment tools, who typically invests in ETFs, how ETFs contrast with stocks, and differences in transaction costs. ETFs track indices and can be traded on stock exchanges, providing exposure to a basket of securities while retaining fund characteristics. They offer reactive management, both fund and stock features, and use a physical purchase and repurchase mechanism. The document outlines various ways for investors to buy ETFs and advantages like easy trading, no uptick rule, diversification and low costs.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views11 pages

    投資學期末報告

    Uploaded by

    曾于芮
    This document provides an introduction to exchange-traded funds (ETFs). It discusses what ETFs are, their key characteristics, how to buy and sell ETFs, their advantages over other investment tools, who typically invests in ETFs, how ETFs contrast with stocks, and differences in transaction costs. ETFs track indices and can be traded on stock exchanges, providing exposure to a basket of securities while retaining fund characteristics. They offer reactive management, both fund and stock features, and use a physical purchase and repurchase mechanism. The document outlines various ways for investors to buy ETFs and advantages like easy trading, no uptick rule, diversification and low costs.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    welcome to

    ETFs World.
    in this presentation, you can totally figure out what is
    ETF.
    Topics
    【 Contents :
    1. What is "ETF"

    】Group members:
    陳俋⾠ D0938016 製作
    2.Three characteristic of ETF

    3.How to buy or sell my ETF


    ppt
    彭聯昊 D0912294 製作 4.The advantages of ETF
    ppt
    5.The group who invest in
    王宥森 D0937619 ⼝頭報 ETF
    告
    曾于芮 D0937182 ⼝頭報 6. Constract with stocks
    告
    【 What is 0050 元大台灣
    ETF 】
    ExchangTradedFund 50
    It means that the ETF will track 2330 台積 2454 聯
    down a certain index and can be 電 發科
    traded on the stock exchange, while
    retaining the characteristics of the
    fund to buy a basket of commodities 2412 中 2303 聯
    to diversify risks. 華電 電

    2317 鴻
    海

    backtocontent
    【 Three Characteristic of the
    ETF 】

    1.Reactive 2.Both funds and 3. Physical


    Management stocks purchase and
    (Pursue Index Featured buy back
    Return) Products mechanis
    . backtocontent m
    【 How to buy or sell my
    ETF 】 level to teach you how to traded
    there're three
    your ETF and something you should know.
    backtocontent
    【 How to buy or sell my ETF 】
    1.Pre-listing IPO cash subscription (before the establishment date)
    Three channels for
    IPO cash subscription

    Investors need to provide a CHEP account


    Investors remit money to the fund account

    1.Investment Trust
    Coporation fund stock
    clientele 2.Securities firm special market
    3.specimen of account basket of stocks
    signatory for trust ETF
    1.Investors can go to each sales organization to
    apply for purchase, and the relevant purchase
    procedures and regulations should be determined by
    each sales organization

    2.Investors do not need to provide a CHEP account


    【 The advantages of
    ETF 】 (Investment Tool for Hedging)

    (Easy of Trading)
    (No Uptick Rule)

    (Completing Portfolio)
    (Low Cost)

    (Diversification)
    【 The group who invest in
    ETF 】 Speculators

    general investor office worker

    Institutional investors Hedger


    s
    ordinary Jane
    【 Constract with
    stocks 】
    hold a shareholders

    ETF meeting

    Mandatory covering
    of securities lending
    Stock dividend

    Election of directors
    Stock allotment

    cash capital
    and supervisors increase

    ETF securities lending does


    Investor rights are different
    not require mandatory cover
    【 transaction cost
    difference 】 ETF STOCKS
    1. Centralized trading market 1. Centralized trading market
    market place 2. Designated financial sales agency 2. Over-the-counter market

    Degree of risk diversification better worse

    Short selling below flat yes no

    ex right /ex dividend no yes

    Dividend yes yes

    Securities Transaction Tax 0.1% 0.3%


    end~
    thank u for litening!

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