Fund abbreviation: Huaan 180ETF Fund code: 5 10 18 1.
Shanghai Stock Exchange 180 Transaction Open Index Securities Investment Fund Update Prospectus Summary.
(No.1 of 2006)
Fund manager: Huaan Fund Management Co., Ltd.
Fund custodian: China Construction Bank Co., Ltd.
2006 1 1 month
At present, there is no correct code 5 10 18 1 for this fund (JSH204) in China.
Stock Subscription —— Innovation in China
There are three subscription methods for Huaan SSE180TF: offline cash subscription, online cash subscription and offline stock subscription. The first two are easy to understand, offline cash subscription is like buying an open-end fund, and online cash subscription is like buying stocks. What about offline stock subscription?
What happened?
ETF is loved by investors, so the subscription is very enthusiastic, which brings a problem. If all the funds are subscribed in cash, as a pure equity fund, it will inevitably bring some impact to the market during its opening period, and it will also form some impact costs for ETF products themselves and bring some losses to ETF investors. How to solve this problem?
Subscribe with stocks. If investors do not subscribe in cash, but exchange constituent shares for ETF shares. This avoids or reduces the impact cost of ETF opening positions. In extreme cases, if all subscribers subscribe for constituent stocks, which coincide with the weight distribution of the composition portfolio, it has no impact on the market, or it can be opened immediately without the opening period, so that investors can quickly enjoy all the benefits of ETF investment.
You may not believe it, but this ingenious way is our own creation in China.
Funds are imported, and most of the existing fund models come from the western region. After all, people started many years earlier than us, and learning imitation has become our best way, and ETF is no exception. However, this does not hinder our innovation. ETF stock subscription is an innovation of China, which fully embodies the wisdom of China people.
From March 9 to April 6, 2006, investors can make online cash subscription, offline cash subscription and offline stock subscription to Guotai Junan, Shen Yin Wanguo, Haitong Securities, China Merchants Securities, changjiang securities, Everbright Securities, Guangfa Securities, china galaxy Securities, Shanghai Securities, CITIC Securities, citic wantong Securities, CITIC Securities, China International Capital Corporation, Nanjing Securities, Ping An Securities, central china securities and orient securities.