摘要
本文深入分析了Nasdaq100指数跟踪股(简称QQQ)这只美国著名的交易所交易基金(ETFs)的产品设计、基本特征、组织架构及其双重交易模式和由此而生的独特的套利机制,总结了Nasdaq100指数跟踪股的独到的金融创新之处,为理解和借鉴国外ETFs的产品创新和成功运作的经验提供了一个有益的帮助。
This note focuses on one of the most famous American exchange-traded funds (ETFs) - Nasdaq 100 Index Tracking Stock (QQQ) and its product design, basic feature, structure, dual trade pattern and arbitrage mechanism thereof. The unique financial innovation of QQQ is summarized. This note aims to offer help for the understanding and learning from the successful experience in innovation and operation of the foreign ETFs.
出处
《山西财经大学学报》
北大核心
2003年第6期88-92,共5页
Journal of Shanxi University of Finance and Economics
基金
国家自然科学基金项目
资助号70273027。
