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复制基金在国外非常普遍,主要分为两种形式:一种是通过衍生产品来复制目标基金的市场表现,另一种是投资策略复制。前者主要使用在由于监管等种种原因不能直接投资目标基金的情况下,如加拿大投资者的退休金有不能投资海外基金的限制,加拿大的投资者如想更多地拥有标普500指数基金,就可以通过投资标普500指数的复制基金而绕开限制。后者主要使用在对本公司成功基金产品的复制上,当一只基金规模很大、净值很高时,为了更好地保护投资者的利益,便于基金管理人管理和运作,国外基金管理公司往往对该基金进行复制。这一类复制基金一般是由同一基金管理人管理,具
Duplicate funds are very common in foreign countries, mainly in two forms: one is to reproduce the market performance of the target fund through derivative products, and the other is to copy the investment strategy. The former mainly used in the case of supervision and other reasons can not be directly invested in the target fund, such as Canadian investors have a pension fund can not invest overseas restrictions, Canadian investors want to have more of the S & P 500 Index Fund Restrictions can be by investing in copy funds of the S & P 500. The latter is mainly used in the replication of the Company’s successful fund products. When a fund is large in scale and its net value is very high, in order to better protect the interests of investors and facilitate the management and operation of fund managers, foreign fund management companies often Copy the fund. This type of replication fund is generally managed by the same fund managers, with