creation unit การใช้

• Revolutionary War re-creation units can be found across the country.
• The solution was a " creation unit ."
• Usually, the Creation Units are split up and re-sold on a secondary market.
• Each creation unit usually contains 50, 000 " retail " shares in the ETF.
• When they want out of the fund, they turn in retail shares and get creation units back.
• American re-creation units are more popular among recruits, but most agree the British groups have better uniforms.
• ETFs must publish a list of its holdings each day, so institutions know how to assemble the creation units.
• ETFs are very cheap to run because the fund deals only with a few large institutions that trade in creation units.
• Also, the Creation Units may not be purchased with cash but a basket of securities that mirrors the ETF's portfolio.
• Tandycrafts said in January that it would sell Cargo and sell or close its small David James Manufacturing, Brand Name Apparel, and Prestige Leather Creations units.
• The ability to purchase and redeem creation units gives ETFs an arbitrage mechanism intended to minimize the potential deviation between the market price and the net asset value of ETF shares.
• They buy creation units from the ETF manufacturer ( such as Barclays or soon, Vanguard ), then split them up and sell them in smaller pieces to their retail customers.
• The main differences are that ETFs do not sell directly to investors and they issue their shares in what are called " Creation Units " ( large blocks such as blocks of 50, 000 shares ).
• ETFs are cheaper to run than regular mutual funds because they only deal with a handful of institutional investors who trade in " creation units, " which are $ 5 million to $ 10 million blocks of stock.
• If the price of the ETF and the price of the underlying stocks drifts apart, arbitrageurs will buy retail shares and redeem creation units, or buy creation units and redeem retail shares, until the two prices come back into line.
• If the price of the ETF and the price of the underlying stocks drifts apart, arbitrageurs will buy retail shares and redeem creation units, or buy creation units and redeem retail shares, until the two prices come back into line.
• The investors can sell the individual shares to other investors, or they can sell the Creation Units back to the ETF . In addition, ETFs generally redeem Creation Units by giving investors the securities that comprise the portfolio instead of cash.
• The investors can sell the individual shares to other investors, or they can sell the Creation Units back to the ETF . In addition, ETFs generally redeem Creation Units by giving investors the securities that comprise the portfolio instead of cash.
• If there is strong investor demand for an ETF, its share price will temporarily rise above its net asset value per share, giving arbitrageurs an incentive to purchase additional creation units from the ETF and sell the component ETF shares in the open market.
• Large institutions _ such as Morgan Stanley Dean Witter or Salomon Smith Barney _ can assemble a creation unit and exchange it for shares in the ETF . For each creation unit, institutions get 50, 000 retail shares, which they can sell to individual investors.