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《每日基金》:某机构用永泰能源换购南方300ETF,基金公司接受这样的换购,动机是什么,这类换购在ETF基金认购期间是否普遍?田熠:我们要了解ETF基金通过股票换购,可以扩大基金规模,而基金规模扩大会使得增加基金收入增加,这也通常作为股东考基金公司察管理人业绩的重要标准,所以基金公司愿意去做这个事,这实质上也是基金的营销行为。此外,首募规模或将直接影响到行业ETF基金的生命力。“ETF的生命在于流动性,流动性往往与规模有很大关系,因此ETF的首募规模很重要。
”Daily Fund“: An agency to replace the Southern 300ETF with Wing Tai Energy, the fund company to accept such a redemption, the motive is what kind of redemption during the ETF fund subscription is common? Tian Yi: We need to understand the ETF fund redemption through the stock, you can Expanding the size of the fund and increasing the size of the fund will result in an increase in fund income. This is also often used as an important criterion for shareholders’ performance of fund managers, so the fund companies are willing to do this. This is essentially the fund’s marketing behavior. In addition, the first scale will directly affect the industry ETF fund’s vitality. ”ETF’s life is that liquidity, liquidity often has a great relationship with the scale, so the scale of the first offer of ETF is very important.