以下是引用wzaina在2009-3-5 9:51:00的发言：
LOS h: Discuss the advantages of exchange-traded funds (ETFs) and explain the pricing of international ETFs in relation to their net asset value (NAV).
Q1. A primary reason for trading in Exchange Traded Funds (ETFs) is that ETFs can:
A) be shorted and margined.
B) create arbitrage opportunities for astute investors.
C) increase international diversification with high liquidity at higher costs.
Q2. Arbitrage opportunities for investors are not generally available to Exchange Traded Funds (ETFs) because the ETF:
A) brokers engage in arbitrage opportunities to ensure that the ETF’s net asset value (NAV) and the inventory of their foreign shares are closely aligned.
B) traders engage in arbitrage opportunities that do not allow investors to profit from such opportunities.
C) exchange specialist engages in arbitrage opportunities to ensure that the ETF’s net asset value (NAV) and the listed shares are closely aligned.
Q3. Exchange Traded Funds (ETFs) differ from closed-end country funds because ETFs:
A) require an exchange specialist to act as a market maker, while country funds do not.
B) adjust slowly to changes in market trading time zones, while country funds do not.
C) require a financial institution to hold shares in a country, while country funds do not.
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发表于 2009-5-25 22:58
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