Surrogate markers: refers to the information presented in this list is used to distinguish whether the constituent stocks of the stock is allowed to use cash alternative delivery sign.
include:
- Prohibit cash alternative (referred to as "prohibited")
- Allow cash alternative (referred to as the "Allow")
- Must cash alternative (referred to as "must")
- Tuibu cash alternative (the "Tuibu") four.
1. prohibit cash alternative means that you must use when stock purchase or redemption of fund shares, not cash alternative;
2. Allow represent cash alternative, you can use this fund to purchase stock when share, in low stock situation can use cash alternative lack of stock;
3. cash alternative must be said that at the time of purchase or redemption of fund shares can only use cash instead of accepting stock;
4. Tuibu cash alternative indicated in subscription and redemption of shares of the Fund can only be used cash , to be fund on behalf of the company after the sale, according to carry out Duotuishaobu actual cost .
The above concepts, you must have cash alternative and Tuibu confusing, cash alternative must be based on information provided by the ETF purchase of the day, the value of stocks will calculate the value of the previous day's closing price, directly take money to replace these constituents that is can. The Tuibu, is equivalent to investors after the purchase ETF, fund investors get some more money to go buy stocks, the fund company to buy time until, possibly more than yesterday's closing price, compared with yesterday's closing price may low, eventually there will be a process Duotuishaobu
