I-Arbitrage isebenza njani kwiLizwe le-ETF
b • b) • ugibe (är b-träzh) n. - Ukuthengwa kweemali kwiimarike enye ukuthengiswa ngokukhawuleza kwelinye iimarike ukwenzela ukufumana inzuzo kwixabiso lokungafani.
Kwimeko ye- ETF , kukho amathuba arbitrage, kodwa ngaphandle kokuba ungumtyalomali weziko, mhlawumbi awuyi kufumana ithuba lokusebenzisa. Nangona kunjalo, kubalulekile ukuqonda ukuba i-arbitrage inceda njani ukugcina amaxabiso e-ETF ngokuhambelanayo neenkcukacha zazo kunye ne-equities kwi-fund.
Iimpahla ze-ETF kunye neendleko ezihambelanayo zizalathisi zokusebenza ze-ETF kwaye kufuneka zihambisane ngokubambisana. Ukuba akunjalo, kukho intlungu.
Umzekelo
Njengomzekelo olula, masisebenzise i-ETF eyenziwe ngamalungelo amane. Imisebenzi nganye yezobulungisa i-$ 25 kwaye ii-ETF zenzeke kwi-$ 100. I-ETF ilandelela inkcazo equkethe efanayo kwizabelo, kodwa izabelo ezibini zesitokisi ngasinye zikhompyutheni. Ngoko ke isalathisi sithengisa kwi-$ 200. Yonke into ilinganisekile kwaye iphezulu kakhulu.
Ngoko ke ukuba i-equity equity equity ups, kufuneka ukuba i-ETF kunye nesalathisi ngqo. Kwaye ngokuphambene nokuba amaxabiso aphantsi. Kodwa kwenzeka ntoni xa amaxabiso ahamba ngokukhawuleza ngaphezu kwe-ETF kunye ne-Index?
Masithi ama-equity ahlawula i-$ 5 ngamnye kwaye ngoku athengisa nge-20. Ngoko ke, isalathisi kufuneka ithengise i-$ 160 kwaye i-ETF ifanele ithengise i-$ 80, akunjalo? Nangona kunjalo, kunokukho imeko apho i-ETF okanye i-index yilapha kwaye iyakuthengisa i-$ 81 okanye i-$ 161.
Akuyiyo yonke into ehamba kunye. Uh oh.
Indima yabaDlali
Ngelo xesha abagxeki banokuthi bangene kuyo. Ngaphambi kokuba nibakhonkceze, bathengisa i-index ephezulu kunye ne-ETF kunye nokuthengwa kwamanqanaba angaphantsi ukuze athathe loo dolophu engaphezulu-mngcipheko. Ekugqibeleni (kwaye ngokukhawuleza), i-arbitrage i-trade arrowrage iqhube i-equities, indexes, kunye nee-ETs kumgca ukuze zonke iityalo-mali ezintathu ziphinde zilinganise.
Kwaye ikhefu le-arbitrage liye (kwaye elifutshane lihleli)
Nangona lo ngumzekelo ogqithiseleyo, amanani abonise ukuba imeko ezininzi ze-arbitrage zisondele kwiipeneni ngaphezu kweerandi, ivolumu yokuthengisa yenza ukuba ixabise i-arbitrager's time. Kodwa okubaluleke ngakumbi, ukuhweba i-arbitrage idlala indima ebalulekileyo kwi-ETF yehlabathi. Benza utyalo-mali lwakho luchanekile ngokuthengisa ... ubuncinane ngokwemarike.
Ngaloo ndlela i-arbitrage isebenza ngayo, kodwa njengoko ndikhankanywe ngentla, ngaphandle kokuba ungumthengisi weziko (okanye ngokwenene kumdlalo wakho), ezininzi zezi zihlandlo ezingavamile ziya kuhamba ngokukhawuleza ukuba uzuze. Kwaye ziyi-pennies kwi-dollar, ngoko kuya kufuneka uyenze ngokubanzi. Kodwa ingqiqo ibalulekile ukuqonda.
ILizwi lokulumkisa
Nangona i-ETF ingaba yinto ekhangayo, qiniseka ukuba wenze uphando olunzulu ngaphambi kokwenza nayiphi na imisebenzi. Hlola imbali ye-ETF, uqonde ingozi, jonga i-fund kwizenzo uze ubone indlela esabela ngayo kwiimeko ezahlukeneyo zemarike. Kwakhona, jonga izinto ezikhoyo kwiimali ezininzi ze-ETF ezingenakho ukufumana iimveliso ezifana nekamva kunye neendlela. Yaye ukuba unemibuzo okanye uxhalaba, qiniseka ukuba udibanise nochwepheshe bezezimali, njengomthengisi okanye umcebisi.
Nangona kunjalo, xa ukhululekile kunye ne-ETF, ngoko yinto nje yokubiza umthengisi wakho (ngaphandle kokuba uthengise inthanethi).
Kwaye xa uyenzela ukhetho lwakho, ke inhlanhla yakho yonke imisebenzi yakho.