陳同學(xué)
2022-04-09 14:27ETF基金為什么選低稅基的應(yīng)對(duì)申贖
所屬:CFA Level III > Private Wealth Management 視頻位置 相關(guān)試題
來(lái)源: 視頻位置 相關(guān)試題
1個(gè)回答
Chris Lan助教
2022-04-11 13:52
該回答已被題主采納
同學(xué)你好
因?yàn)镋TF在與AP(授權(quán)的交易者,我們二級(jí)學(xué)過(guò))交易的時(shí)候,是用份額換一籃子股票的,因此ETF manager會(huì)傾向于把low cost basis的份額給AP,這樣unrealized capital gain就是AP的事情了。所以這對(duì)我們的客戶,一般是二級(jí)市場(chǎng)投資者,通常是不好的一點(diǎn)。
In addition, ETF managers can choose which shares to include in the basket of stock delivered to the intermediary; to reduce any
unrealized gain, they are likely to include the low-basis shares in that basket of stock.
