国内外交易日期不同的风险
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第四十九期:跨境ETF(下)
Zheng Quan Ri Bao· 2025-10-22 17:13
Core Insights - Cross-border ETFs allow for T+0 trading, enabling investors to buy and sell on the same day, which facilitates intraday trading opportunities [1] - The net asset value (NAV) of cross-border ETFs is influenced by the performance of the underlying index and currency fluctuations, with NAV calculations based on data from two trading days prior [1] - Investment strategies for cross-border ETFs include asset allocation, systematic investment plans, staggered buying and selling, and valuation methods [2] Investment Strategies - Asset allocation involves diversifying investments across different markets to mitigate risk [2] - Systematic investment plans (SIPs) allow for regular investments to average out costs and reduce timing risks [2] - Staggered buying and selling strategies focus on gradually increasing purchases during market declines and selling during rebounds [2] - Valuation methods utilize metrics like PE and PB ratios to assess whether an index is undervalued or overvalued [2] Risks - Currency risk arises from investments in foreign markets, where fluctuations in exchange rates can impact returns [3] - Market risk is present due to the potential for significant volatility in foreign markets affecting ETF performance [3] - The difference in trading dates between domestic and foreign markets introduces uncertainty in investment decisions [3] - Tracking error may occur due to differences in trading systems and settlement processes between domestic and foreign markets [3]