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lof基金范文第1篇

lof基金可以在指定網(wǎng)點(diǎn)申購(gòu)與賣(mài)出基金份額，也可以在交易所買(mǎi)賣(mài)該基金。若投資者是在指定網(wǎng)點(diǎn)申購(gòu)的基金份額想在網(wǎng)上賣(mài)出，需要辦理一定的轉(zhuǎn)托管手續(xù)；同理而言，如果是在交易所購(gòu)買(mǎi)的基金，想要在指定網(wǎng)點(diǎn)賣(mài)出，也需要辦理托管手續(xù)。

Lof基金的英文全稱(chēng)是“ListedOpen-EndedFund”，中文是“上市型開(kāi)放式基金”。Lof是指在證券交易所發(fā)行、上市及交易的開(kāi)放式證券投資基金。上市開(kāi)放式基金既可通過(guò)證券交易所發(fā)行認(rèn)購(gòu)和集中交易，也可通過(guò)基金管理人、銀行及其他代銷(xiāo)機(jī)構(gòu)認(rèn)購(gòu)、申購(gòu)和賣(mài)出。賣(mài)出基金份額，可到指定網(wǎng)點(diǎn)包括基金公司，銀行柜臺(tái)，代銷(xiāo)機(jī)構(gòu)，基金網(wǎng)站和第三方財(cái)富管理app。上市型基金就是可以在證券交易所里面交易，和股票交易一樣只要投資者在證券公司開(kāi)戶就可以在交易所交易了，這些均可在網(wǎng)上操作。

（來(lái)源：文章屋網(wǎng) ）

lof基金范文第2篇

LOF型基金主要有三個(gè)特點(diǎn)：

（1）上市開(kāi)放式基金本質(zhì)上仍是開(kāi)放式基金，基金份額總額不固定，基金份額可以在基金合同約定的時(shí)間和場(chǎng)所申購(gòu)、贖回。

（2）上市開(kāi)放式基金發(fā)售結(jié)合了銀行等代銷(xiāo)機(jī)構(gòu)與深交所交易網(wǎng)絡(luò)二者的銷(xiāo)售優(yōu)勢(shì)。銀行等代銷(xiāo)機(jī)構(gòu)網(wǎng)點(diǎn)仍沿用現(xiàn)行的營(yíng)業(yè)柜臺(tái)銷(xiāo)售方式，深交所交易系統(tǒng)則采用通行的新股上網(wǎng)定價(jià)發(fā)行方式。

lof基金范文第3篇

關(guān)鍵詞:次貸危機(jī) 負(fù)債 發(fā)展中國(guó)家

Abstract: The world knows that the financial crisis in 2007 started from United States, but it does not actually end there. The significance of the crisis has spread worldwide along with the increasing financial connections between nations. Developing countries, indeed, took more than half of the “bitter end” of this Wall Street while U.S dollars somehow found its way out of the tangled situation.

Keywords: sub-prime crisis debt developing countries

The world has not been better off since the “credit crunch” began. The “US economy has been spending too much and borrowing too much for years, the rest of the world depended on U.S consumer as a source of global demand.” With a recession in the U.S and the increased savings rate of U.S consumers, the world suffered from a dramatic decline of growth. For the first quarter of 2009, the annualized rate of decline in GDP was 14.4% in Germany, 15.2% in Japan, 7.4% in the UK, 18% in Latvia, 9.8% in the Euro area and 21.5% for Mexico.

It is clear to see how financial crisis from 2007 till now has largely affected nearly all the industries across the nations. But fewer people get to see the other side of the story. U.S dollar, the world dominant international currency has been famous for its strategic role in world trading. It also plays an implacable part in the battle of financial crisis. This paper will talk about the U.S Dollar and how the U.S debt benefits from this current global economic crisis.

The U.S sub-prime financial crisis caught the world’s attention to the American economies. Shockingly, people found that the world’s most powerful country has accumulated enormous amount to debt to other nations since 2002. According to the U.S National Debt report 2010 by Wilson and Brown, since September 30, 2005, the National Debt grew over $1.8 billion each day. This computes to $75 million per hour, $1.26 million per minute or $21,030 per second. The total of American national debt, local government debt, corporation debt, financial debt, personal debt have piled up to 53 trillion dollars. Social security fund debt was 13.6 trillion dollars, medical insurance debt was 85.6 trillion dollars. At the same time, federal employment debt was up to a new high of 102 trillion dollars. If all the civilian debt and government debt added up, the total would be a debt of 155 trillion dollars.

In 2008, this financial crisis awakened most of the world when the Wall Street investment bankings started to crash, when the bubbles floated to the air and fictitious economy began to have an impact on real economy. Economic depression,bearish market, surplus of production, commercial crisis, deflation, glooming stock market, job loss, etc seem like all come out in one night when Lehman Brothers filed for Chapter 11 bankruptcy protection.

From above we can see, American is the heart the financial crisis and also hurt the most. But if we examine this event from a different point of view, America can become the greatest beneficiary as its currency to be part of the strategic recovery plan.

The United States was the only nation that fought in WW2, which did not suffer major physical damage to its mainland and infrastructure. All the other nations involved had to rebuild considerably which left their economies in complete disarray. Some nations also paid the U.S for their assistance. In 1844, U.S Dollar was selected as the currency which gold was freely convertible at $35 per ounce. All major currencies were then pegged to the Dollar with fixed ranges of fluctuation.

In the mid of 1990s, America came up with Credit Default Swap, usually referred to CDS. This insurance-like contract, which originally aimed to protect against default on loans, has helped America to get approximately 60 trillion dollars in 2008, equals to 4.6 times of its GDP.

In other words, America has been borrowing money from the world to support its own economy, bringing the bubble to the world by printing more and more dollars and coming out with new monetary policies. The international debt of many countries that are actively trading in the global market is now a large part denominated in U.S Dollars. This is primarily due to the establishment of institutions such as the International Monetary Fund and the World Bank that arose out of the Bretton Woods conference. Basically, all debt owned to the IMF is U.S Dollars denominated. This manes that if a developing nation receives a loan from the IMF, then that loan will be in U.S Dollars and will later have to be repaid in U.S Dollars. As a consequence, any repayment of the USD denominated loan or attempt to stabilize the national currency would tend to necessitate the trading of U.S Dollars o the open market.

Usually, if a company is about to have financial crisis, it always tightens the expense to smooth the difficult time. A country should behave the same when facing upcoming financial crisis. But America did the opposite in the year 2007; it speeded up the pace of oversea lending when the financial crisis began. According to U.S Bureau of Economic Analysis (BEA), U.S held 3.56 trillion dollar net capital from abroad, which is the highest since the 70s. Its total volume of oversea asset was a shockingly 19.46 trillion dollars. It means that during the crisis, the liquidity of the currency largely out flowed to other countries during foreign investments. So when the crisis began, Americans began to sell U.S Dollar for the fear of inflation; at the same time, other countries including developing countries still held large amount of foreign investments or U.S bonds. At the end of 2007, U.S owned the world 21.18 trillion dollars.

At this point, America achieved its great escape, left the crisis for the rest of the world. In 2007, the unfavorable balance of payment (current account balance + capital account balance) was 733.1 billion dollars (BEA gov 2008). The outstanding balance usually adds up the same amount each year, but in fact, U.S outstanding balance of payment did not increase but decreased dramatically. Compare to year 2006, it decreased 12.18 billion dollars. It means that with the “supposedly” debt in 2007, about 85.49 billion dollars just vanished off the sheet. It is even larger than the collapse of 60 billion dollars sub-prime housing bubble. This “dark matter” transfers the wealth from all over the world to U.S. The debt cannot disappear itself; at the same time, countries like China are losing their wealth greatly because the massive accumulated foreign reserve.

There are mainly three ways for the disappearing of U.S debt, this includes the national and trade deficit: first, the devaluation of U.S dollars; second, the increasing value of U.S foreign investments; third, the decreasing debt over the years. Since 2002, U.S Dollars has started its 6 year long devaluation. It hurt other countries whoever hold U.S debt from U.S Dollar’s devaluation. From 2002 to 2006, U.S has swept 3.58 trillion off its deficit balance. During 2001 to 2006, even the total current account deficit has gone up to 3.856 trillion dollars; the net debt has decreased 19.9 billion dollars, which was a net profit of 4.055 trillion dollars. Among these numbers, the devaluation of Dollar contributed 89.2 billion dollars, the change of capital price contributed 3.163 trillion dollars. Contradictorily, with the ongoing debt, the profit of net foreign investment to other countries went up year by year. It even reached 88.8 billion dollars in 2007 along with its increasing debt.

This financial crisis created a new way for America to get capital from the world to save its domestic economy. The devaluation of dollar can bring the benefit directly to its account, but it also harms the reputation of Dollar as the world key reserve currency. For long term, U.S Dollar cannot keep on devaluate, it explained the 2008 economy boost of U.S when U.S Dollar suddenly got stronger. When the financial crisis spread to the rest of world, foreign markets become insecure and unstable. So U.S investors withdrew their investments in other countries and transferred them back to U.S. All this factors pushed dollar to appreciate remarkably in the second half year of 2008.

U.S Dollar pulled America out of a worse financial situation: it changed the Current Account balance, successfully retained the U.S Dollar as the key reserve currency. Compared to U.S, it is the developing countries that actually suffered the most behind this crisis. Due to the limitation in the development of economy and finance, most of the FDI by developing countries were the purchases of Bond, specifically, the U.S bond. In this economy crisis, it is also the U.S bond that shrank the most in value. Accordingly, developing countries has lost far more than the developed countries.

Inflation and another potential financial crisis are other major problems that developing countries have to deal with. Before 2007, emerging markets attract large amount of capital from developed countries, from 2006 to 2007,this number increased unprecedentedly from 25.57 billion dollars to 62.88 billion dollars (Ding 2008). The inflow of capital overheated the economy in developing countries, and caused great inflations in more than 50 developing countries. What’s more, the great inflation showed signal of another greater “East Asian Financial Crisis. The dramatic outflow of the investments always followed by the inflow of capital. For this time, the situation would be even worse since more much bigger volume of investment is involved.

There’re two ways that could possibly change the situation. First, restrict the inflation of U.S Dollar and prevent sudden devaluation of dollar during the economic recession. It is necessary to establish a stronger currency exchange system, strengthen each country’s currency policy, and achieve the currency stability under a common regulation. Second, amend the international regulation of cross-national capital flow. The history of capital flow showed that unstable flow could very much cause a financial crisis. Under current global economic system, foreign investment inflow is more depended on external reasons. Europe was also a victim in this financial crisis; this provided good conditions for a further negotiation about some new international regulations.

This paper did not examine all the affected aspects from this financial crisis. The benefit that America gets from this financial crisis could not erase the domestic problems such as the diminishing individual finance asset, arise of unemployment rate, ect. America has a long way on its recovery from the crisis so as many other countries. As we are nearly at the end of this financial crisis, the world has entered the “currency war” period. Currency, as a nation’s financial identity and great tool, is due to undertake more roles and will be crucial to a country’s future.

Reference：

Baily, Martin Neil, and Douglas J. Elliott. The US Financial and Economic Crisis: Where Does It Stand and Where Do We Go From Here?. : Business and Public Policy, 2009.

Croft, John. Global GDP signals recovery: general aviation aircraft deliveries decline, but GAMA optimistic that increases could follow international growth, 2011.

Wilson, Charlotte G., and Emily O. Brown. The U.S. national debt: background, issues, and significance. Hauppauge, N.Y.: Nova Science Publishers, 2010.

Monetary policy, the economy, and the budget: hearing before the Committee on the Budget, House of Representatives, One Hundred Second Congress, first session, January 22, 1991.. Washington: U.S. G.P.O, 1991.

Bach, Christopher L. “Annual Revision of the U.S International Accounts, 1974-20071.” BEA.gov report 1 (2008): 36. bea.gov/scb/pdf/2008/07%20July/0708_international.pdf

lof基金范文第4篇

三個(gè)投資渠道

LOF之所以存在套利，是因?yàn)樗鼈兗瓤梢园磫挝粌糁瞪曩?gòu)贖回也可以按價(jià)格買(mǎi)賣(mài)，而且可以交叉進(jìn)行。申購(gòu)贖回又分為場(chǎng)內(nèi)和場(chǎng)外兩個(gè)渠道，所以實(shí)際上LOF存在三個(gè)投資渠道。

場(chǎng)外申贖

這是最為普通也是最多的投資者了解的一個(gè)渠道，通過(guò)銀行、券商、基金公司都可以辦理場(chǎng)外的申贖，這其實(shí)就是把LOF當(dāng)作一般的開(kāi)放式基金來(lái)處理。不過(guò)即使是這樣，LOF也跟其他一般的開(kāi)放式基金有所不同。一般的開(kāi)放式基金都是由基金公司自己辦理登記結(jié)算，而LOF是由中國(guó)登記結(jié)算公司深圳分公司來(lái)辦理登記結(jié)算，所以LOF開(kāi)立的是深市TA賬戶，而一般的開(kāi)放式基金開(kāi)立的是某基金公司的TA賬戶。每個(gè)自然人投資者都只能用本人的身份證號(hào)開(kāi)立唯一的基金賬號(hào)，某基金公司旗下的一般的開(kāi)放式基金都共用一個(gè)基金賬號(hào)來(lái)登記結(jié)算，但LOF不用這個(gè)基金賬號(hào)來(lái)登記結(jié)算，所有的LOF都是共用一個(gè)深市TA賬戶。

場(chǎng)外申購(gòu)都是采取未知價(jià)既定金額的形式來(lái)辦理的，因?yàn)槌山皇前串?dāng)天的收盤(pán)時(shí)的單位凈值來(lái)結(jié)算的，而委托時(shí)只能看到前一交易日的單位凈值。所以開(kāi)放式基金的申購(gòu)只能委托整數(shù)的金額，無(wú)法委托整數(shù)的份額。開(kāi)放式基金的贖回則是按未知價(jià)既定份額的形式來(lái)辦理的。LOF的場(chǎng)外申贖T+2日確認(rèn)成交，贖回的資金一般T+5日到賬。

場(chǎng)內(nèi)買(mǎi)賣(mài)

LOF的場(chǎng)內(nèi)買(mǎi)賣(mài)跟封閉式基金的買(mǎi)賣(mài)是一樣的，有集合競(jìng)價(jià)和連續(xù)競(jìng)價(jià)。目前我國(guó)交易所的證券賬戶卡分為股票和基金兩種，權(quán)限級(jí)別不一樣，基金類(lèi)的證券賬戶只能用來(lái)買(mǎi)賣(mài)在交易所上市交易的基金和債券，股票類(lèi)的證券賬戶則可以用來(lái)買(mǎi)賣(mài)包括股票和權(quán)證在內(nèi)的所有上市交易證券品種。只需要任意一類(lèi)深市的證券賬戶，就可以在場(chǎng)內(nèi)買(mǎi)賣(mài)LOF，也有漲跌停板限制,交易時(shí)間、交易規(guī)則和交易費(fèi)用跟封閉式基金幾乎是一樣的。LOF場(chǎng)內(nèi)的買(mǎi)賣(mài)可以采取既定價(jià)格既定份額的形式委托。LOF場(chǎng)內(nèi)買(mǎi)賣(mài)的費(fèi)用比場(chǎng)外申購(gòu)的費(fèi)用肯定要低，買(mǎi)賣(mài)的總費(fèi)用一般只有0.5%。LOF的場(chǎng)內(nèi)買(mǎi)賣(mài)實(shí)行的也是T+1，顯然LOF的場(chǎng)內(nèi)買(mǎi)賣(mài)只能通過(guò)券商來(lái)辦理。

場(chǎng)內(nèi)申贖

LOF的場(chǎng)內(nèi)申贖也只能通過(guò)券商來(lái)辦理，必須有深圳交易所的證券賬戶卡，交易的費(fèi)用與場(chǎng)外申贖是一樣的。LOF的場(chǎng)內(nèi)申購(gòu)也是采取未知價(jià)格既定金額的形式委托的，贖回則是采取未知價(jià)格既定份額的形式委托。場(chǎng)內(nèi)的買(mǎi)賣(mài)和申贖可以交叉進(jìn)行，獲取LOF份額可以任選買(mǎi)進(jìn)或申購(gòu)，得到份額后可以任選賣(mài)出或贖回。場(chǎng)內(nèi)申贖實(shí)行的是T+2確認(rèn)，場(chǎng)內(nèi)贖回資金也要T+5日才能到賬。場(chǎng)外申購(gòu)的份額可以轉(zhuǎn)托管到場(chǎng)內(nèi)，場(chǎng)內(nèi)的份額也可以轉(zhuǎn)托管到場(chǎng)外。

投資收益與風(fēng)險(xiǎn)

如果不做交叉交易，單做買(mǎi)賣(mài)或單做申贖都可以視為L(zhǎng)OF的投資。單做申贖肯定需要基金的凈值增長(zhǎng)才能帶來(lái)收益，由于LOF價(jià)格長(zhǎng)期會(huì)與LOF的凈值保持走勢(shì)一致，所以單做買(mǎi)賣(mài)也需要凈值的增長(zhǎng)帶動(dòng)價(jià)格的上揚(yáng)才能帶來(lái)收益。

單做申贖，LOF的投資收益體現(xiàn)為基金的分紅和單位凈值的增長(zhǎng)，或者可以看投資期間累計(jì)凈值的增長(zhǎng)。單做買(mǎi)賣(mài)，LOF的投資收益直接體現(xiàn)為買(mǎi)進(jìn)賣(mài)出的價(jià)差。

由于LOF是股票和債券的衍生品，LOF投資的風(fēng)險(xiǎn)是由LOF自身投資的股票和債券的風(fēng)險(xiǎn)衍生而來(lái)，當(dāng)然歸根到底是由股票和債券的發(fā)行人帶來(lái)的風(fēng)險(xiǎn)。實(shí)際上就單做申贖而言，LOF的投資風(fēng)險(xiǎn)分為實(shí)體經(jīng)濟(jì)的風(fēng)險(xiǎn)和證券市場(chǎng)的風(fēng)險(xiǎn)。公司的經(jīng)營(yíng)風(fēng)險(xiǎn)和財(cái)務(wù)風(fēng)險(xiǎn)，行業(yè)發(fā)展的風(fēng)險(xiǎn)，國(guó)民經(jīng)濟(jì)增長(zhǎng)的風(fēng)險(xiǎn)和宏觀經(jīng)濟(jì)政策的風(fēng)險(xiǎn)，這些都可以看作LOF投資的實(shí)體經(jīng)濟(jì)的風(fēng)險(xiǎn)。證券市場(chǎng)的走勢(shì)有起有落熊牛交替，這些源于投資者自身心理而帶來(lái)的證券市場(chǎng)周期性漲落則是市場(chǎng)的風(fēng)險(xiǎn)。如果是單做買(mǎi)賣(mài)，則還有LOF本身交易的價(jià)格風(fēng)險(xiǎn)。

套利的收益與風(fēng)險(xiǎn)

LOF的套利只能在場(chǎng)內(nèi)操作，由于在場(chǎng)內(nèi)可以做交叉交易，LOF單位凈值和場(chǎng)內(nèi)交易價(jià)格這兩個(gè)指標(biāo)經(jīng)常不一致，所以理論上存在套利機(jī)會(huì)。交易價(jià)格和單位凈值孰低，就按那個(gè)指標(biāo)操作獲得份額，兩個(gè)指標(biāo)孰高，就按那個(gè)指標(biāo)收回資金。一般交易價(jià)格和單位凈值出現(xiàn)較大的差值時(shí)，LOF的套利機(jī)會(huì)就出現(xiàn)了。當(dāng)LOF出現(xiàn)明顯折價(jià)時(shí)，就應(yīng)該馬上按市價(jià)買(mǎi)進(jìn)，第二天按凈值贖回即可完成套利操作，不過(guò)資金要T+5日才能到賬。當(dāng)LOF出現(xiàn)明顯的溢價(jià)時(shí)，就應(yīng)該馬上按單位凈值申購(gòu)，T+2日份額才能到賬，第三天可以按市價(jià)委托賣(mài)出，第四天資金即可回來(lái)。

lof基金范文第5篇

引人注目的是，在推出滬深300ETF之前，嘉實(shí)已在指數(shù)基金運(yùn)作管理上積累了豐富經(jīng)驗(yàn)。擔(dān)綱嘉實(shí)滬深300ETF擬任基金經(jīng)理的楊宇，目前亦是國(guó)內(nèi)最大規(guī)模指基嘉實(shí)滬深300LOF的掌門(mén)人。數(shù)據(jù)顯示，楊宇管理的嘉實(shí)滬深300LOF日均跟蹤誤差在可比指數(shù)基金中一直處于前列。

穩(wěn)健的中長(zhǎng)跑業(yè)績(jī)

考察指數(shù)基金運(yùn)作好壞的核心指標(biāo)，是與跟蹤標(biāo)的的擬合程度。楊宇對(duì)此分析說(shuō)，“指數(shù)基金是個(gè)工具化的產(chǎn)品，最重要的是要看跟蹤誤差。就像看一瓶水好不好，最天然、純凈的才是好的水，因?yàn)樗貧w了本質(zhì)需求。”

天相投顧統(tǒng)計(jì)顯示，嘉實(shí)滬深300純指數(shù)LOF基金在同期可比的23只跟蹤滬深300的指數(shù)型基金中，自2005年設(shè)立以來(lái)至2012年3月8日，日均跟蹤偏離度、最近一年日均跟蹤偏離度低于同期可比基金的簡(jiǎn)均，設(shè)立以來(lái)跟蹤誤差和最近一年跟蹤誤差分別為0.15%、0.05%，同樣低于同期可比的其余22只基金的跟蹤誤差。

中長(zhǎng)期來(lái)看，嘉實(shí)300指數(shù)基金日均偏離度較低、跟蹤誤差更小，風(fēng)險(xiǎn)更低，也證明嘉實(shí)對(duì)于跨市場(chǎng)指數(shù)的管理能力較強(qiáng)。

在楊宇看來(lái)，目前國(guó)內(nèi)有多只滬深300基金，市場(chǎng)難免會(huì)將它們互相比較，甚至給基金經(jīng)理壓力能不能多做點(diǎn)“阿爾法”，這樣必然會(huì)帶來(lái)跟蹤偏離?！皩?duì)指數(shù)基金來(lái)講，控制好跟蹤誤差是你的天職。你天天想戰(zhàn)勝別人比別人強(qiáng)，很有可能適得其反。”

良好的心態(tài)與管理能力，讓該基金保持了穩(wěn)健的業(yè)績(jī)。Wind資訊數(shù)據(jù)顯示，截至3月16日，嘉實(shí)滬深300LOF今年以來(lái)漲幅達(dá)11.12%；其成立以來(lái)的凈值增長(zhǎng)更是高達(dá)163.54%，在165只開(kāi)放式指基中排第6。

截至2011年底，運(yùn)作超過(guò)6年的嘉實(shí)滬深300LOF基金以420億的份額規(guī)模成為國(guó)內(nèi)最大的指數(shù)基金。

嘉實(shí)滬深300LOF四奪金牛獎(jiǎng)

憑借較低的跟蹤誤差，嘉實(shí)滬深300LOF基金曾四度捧杯，獲得權(quán)威的“金牛獎(jiǎng)”認(rèn)可，這也是業(yè)界唯一一只四年上榜的指數(shù)基金。

楊宇具有13年證券從業(yè)經(jīng)驗(yàn)，在指數(shù)基金的投資管理、風(fēng)險(xiǎn)控制、指數(shù)化交易等方面具有一定的投資管理經(jīng)驗(yàn)。此前，楊宇已經(jīng)管理滬深300LOF超過(guò)6年，積累了豐富的經(jīng)驗(yàn)，這些經(jīng)驗(yàn)將為他此次管理滬深300ETF奠定良好基礎(chǔ)。

談及自己的被動(dòng)基金管理經(jīng)歷，楊宇說(shuō)，做被動(dòng)基金經(jīng)理需要有工程師的精神?！拔覀円龊米约耗軌蜃龅降拿恳患?，精益求精；而不去想不能做的事情。有些事情也許能做到，如果是憑運(yùn)氣做的，風(fēng)險(xiǎn)很高概率很低，這些事情是我們不會(huì)去做的?！?/p>

楊宇分析自己的性格比較嚴(yán)謹(jǐn)，適合做被動(dòng)投資。但事實(shí)上在畢業(yè)之后，他最先做的卻是主動(dòng)管理。早在平安保險(xiǎn)時(shí)楊宇管理的是FOF，常常跟基金經(jīng)理打交道并且評(píng)價(jià)他們的基金。后來(lái)，他發(fā)現(xiàn)要戰(zhàn)勝指數(shù)非常難，指數(shù)其實(shí)是個(gè)很好的方式，而自己的性格嚴(yán)謹(jǐn)也喜歡分析數(shù)據(jù)，于是漸漸轉(zhuǎn)向做被動(dòng)。

就這樣，一堅(jiān)持下來(lái)就是多年的歷練。

截至2011年底，嘉實(shí)基金資產(chǎn)規(guī)模達(dá)1377.89億元，在同期可比的66家基金公司中排名第2。該公司已成功發(fā)行并管理了4只指數(shù)型基金，積累了較為豐富的指數(shù)基金管理經(jīng)驗(yàn)。它們的經(jīng)驗(yàn)，也將為本次擬發(fā)行的嘉實(shí)滬深300ETF基金的成功運(yùn)作奠定良好的基礎(chǔ)。

滬深300ETF發(fā)展?jié)摿薮?/p>

嘉實(shí)滬深300ETF的推出，將滬市、深市、股指期貨3大核心市場(chǎng)進(jìn)行了有效聯(lián)接，憑借豐富的管理經(jīng)驗(yàn)以及先進(jìn)的風(fēng)險(xiǎn)控制系統(tǒng)，嘉實(shí)將為投資者打造更為精細(xì)的投資產(chǎn)品。

對(duì)于這一創(chuàng)新產(chǎn)品，嘉實(shí)下一步有何計(jì)劃？

嘉實(shí)基金總經(jīng)理趙學(xué)軍透露，嘉實(shí)基金當(dāng)前正在積極籌備持有人大會(huì)，推動(dòng)嘉實(shí)300LOF指數(shù)基金轉(zhuǎn)型成300ETF聯(lián)接基金。產(chǎn)品轉(zhuǎn)型后，將ETF、股指期貨投資工具等納入基金投資范圍中，基金可以選擇相對(duì)更優(yōu)的成本構(gòu)建投資組合，更好地實(shí)現(xiàn)對(duì)指數(shù)的跟蹤。

這只基金的轉(zhuǎn)型，不僅符合300LOF投資者的利益，把一個(gè)更為完備的現(xiàn)貨工具提供給銀行渠道的投資者，也為市場(chǎng)提供了充裕的滬深300股指期貨現(xiàn)貨工具，有力地支持了300ETF的運(yùn)作。

“我們希望以滬深300ETF為基礎(chǔ)，在獲得監(jiān)管部門(mén)的同意后，在香港市場(chǎng)、美國(guó)市場(chǎng)、歐洲市場(chǎng)推出系列滬深300ETF，打造具備國(guó)際影響力的ETF產(chǎn)品?！?/p>

數(shù)據(jù)顯示，截至2011年底，全球ETF產(chǎn)品超過(guò)4000只，總資產(chǎn)規(guī)模將近1.5萬(wàn)億美元，共有46個(gè)交易所有ETF產(chǎn)品上市交易，而國(guó)內(nèi)目前已有37只ETF產(chǎn)品，總資產(chǎn)規(guī)模近939億份。

楊宇認(rèn)為：“全球1.5萬(wàn)億美元的ETF資產(chǎn)，換算成人民幣接近10萬(wàn)億元，國(guó)內(nèi)ETF資產(chǎn)規(guī)模不及全球的1%。亞洲最大的ETF也就是500億港元左右的規(guī)模，ETF尤其是滬深300ETF未來(lái)發(fā)展?jié)摿薮??！?/p>