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kgylldy · 2020年03月15日

问一道题:NO.PZ2015121810000061

问题如下:

For a typical ETF, which of the following sources of tracking error is most likely to be the smallest contributor to tracking error ?

选项:

A.

Representative sampling

B.

Fees and expenses incurred by the ETF

C.

Changes to the underlying index securities

解释:

C is correct. Although additions and deletions of securities from the underlying benchmark index may occur and result in tracking error, such index changes generally occur infrequently (often quarterly). In addition, ETF portfolio managers may work with APs for index rebalance trades to ensure market-on-close pricing to minimize this source of tracking error. Therefore, the resulting tracking error caused by index changes will not likely be as large as the tracking error caused by representative sampling or by fees and expenses incurred by the ETF.

Representative sampling 是什么意思?

1 个答案

丹丹_品职答疑助手 · 2020年03月15日

同学你好,以上是原版书对于Representative sampling的定义。上证50ETF指数的出现,对应的也是上海证券的A股市场,只是我们选取了50只作为代表,这就属于Representative sampling,请知悉。