Alternative Assets - Part 2

Alternative Assets - Part 2

Overview

This tutorial covers the fundamentals of ETFs, beginning with the unusual way that these securities are constructed (and redeemed) and the key players involved in that process. The tutorial also covers topics such as ETF pricing, trading, investment strategies, and market development. The attractions of ETFs for investors are also described, as well as how they compare with other investment vehicles such as mutual funds.

Objective

On completion of this tutorial, you will be able to:
- Recognize the basics of ETFs, including how they are created, traded, and redeemed
- Identify the key features of ETFs that makes them such an attractive investment vehicle for many investors
- Recall the evolution of the ETF market and its development worldwide

Content

Topic 1: Overview of ETFs
- What Is an ETF?
- ETF Creation
* In-Kind vs. Cash Create Transactions
- Net Asset Value (NAV)
- ETF Redemption
* Sale of ETF Shares in the Secondary Market
* Redemption of ETF Creation Units
- ETF Trading
* Intraday Value
- ETF Applications
- ETFs vs. Mutual Funds
* Management
* Pricing & Trading
* Fees
* Taxation
- Market Development
* North America
* Europe
* Asia-Pacific

Topic 2: Features of ETFs
- Diversification
- Liquidity
- Asset Classes
- Costs
* Operating Expenses (Total Expense Ratio)
* Bid/Ask Spreads
* Commissions
- Taxation
- Investment Strategies
* Asset Allocation
* Core & Satellite Strategy
* Hedging
* Cash Equitization

Details

Code
TEPAI17000201
Venue
ePlatform
Language
English
Level
Introductory
Hours
SFC:1.0, PWMA:1.0
Fees
All Member: HK$260
Non-Member: HK$370
Staff of Corporate Member: HK$260