Photos of day

Date: 5 months ago   Category: Finances

UK of Sberbank has started the first exchange fund. What risks and advantages of a new product?


It became a domestic analog of ETF. Advantages to investors: the low commissions and an opportunity to enter and leave quickly fund. But if to invest money in such fund, then it is possible to earn only from growth of the Russian stock market of the Photo: depositphotos.com Exchange Traded Funds (ETF) are funds whose shares are traded at the exchange, one of the most popular investment tools the world. Investors invest the money in them thanks to high liquidity and extremely low commission, but the main thing — by means of the long-term growth of the market. It is considered that the stock market always grows in the long term. The last nine years show that, at least, in the USA this rule works. ETF — the tool western, in Russia its analog is called exchange mutual investment fund. What does he differ from ordinary mutual funds in? The vice-president of Sberbank, the Head of Department of the global markets of CIB Andrey Shevelev:andrey Shevelyov the vice-president of Sberbank explains, the Head of Department of the global markets of CIB "Fundamental difference of exchange mutual fund — is quoted at the exchange. Lately the industry very strongly changes the focus from active management in passive that is when people just buy some ETF, and then sit long and wait. In Russia we saw too demand therefore have decided to start exchange fund. The biggest difference in pricing: The mutual fund costs as the structure is more expensive, the management company takes much more money for service of mutual fund, than БПИФа which can be bought and sold quietly at the exchange. For this purpose no special conditions are necessary, it is possible to go public, buy and sell quietly through our brokerage account". Sberbank for the new tool acts as the market maker, that is provides demand with the offer, creates liquidity in this market. As a result it is easy to buy and sell shares of such fund at the market price. Such tool will be in demand, only if the market grows, and with it there can be problems, the portfolio manager Alexander Krapivko:aleksandr Krapivko the portfolio manager "Of course, the idea good says, long ago it was necessary to make such fund, especially such reputable company as Sberbank. But if the Russian stock market isn't attractive, it just won't grow, then hardly the plan for a whip-round will manage to be carried out. Usually people buy ETF on growth, to them there is an inflow when the market grows. Our Russian market doesn't grow long ago any more, it grew two years ago. I have such feeling that plans for start of this fund have been developed just at that time. Now the prospects of the Russian market are more connected with the geopolitical and political reasons, they don't look very much iridescent. If there is no growth, there is no inflow of money also. Therefore the question with filling of this fund will be open most likely". Usually to such fund the so-called return fund earning from fall of the index is still started. In the closest year of UK of Sberbank plans to start some more the same funds, among them there is a fund on the S&P index, on the Russian oblig

URL:


Today

just now

The German chancellor answered a question of the people's deputy of Ukraine which put a problem of laying of the pipeline in one row with "little green men" Angela Merkel. Photo: RONALD WITTEK\EPA\TAS...

just now

During restoration cut down more than two thousand trees there. Now undertook dismantling of constructions Monrepos Park. Photo: depositphotos.com "Monrepo" is the park ensemble built on western manne...

2 hrs ago

Rachael very much is not pleasant the idea of an exit from the European Union, and that it was heard, it unexpectedly for all sent live a breast of Sky News of Rachael Johnson. Photo: Zuma\TASS Unlike...

3 hrs ago

In Rijksmuseum at the same time expose about 400 works of the artist. The exposition is devoted to the 350 anniversary from the date of his death Marten Solmans's Portraits and Opyen Koppit. Rijksmuse...

5 hrs ago

The acting as the city governor Alexander Beglov says that the only version — violations at repair of the building the Staff of the Ministry of Emergency Situations and firefighters at the building of...

5 hrs ago

Researchers passed the same route across the Ural Mountains, as nine Soviet tourists the View of the found group tent 60 years ago. Photo: Public Domain the Swedish researchers came to a conclusion th...

5 hrs ago

Earlier reported about such initiative, in particular, the Ura.ru agency with reference to the sources in the lower house of the Photo: Artem Geodakyan / TASS the Offer to forbid to buy cars without g...

6 hrs ago

And also to skate on roller-skaters, listen to music without earphones, to move across the airport territory "astride animals" the Photo: Stanislav Krasilnikov/TASS of the Power of the Moscow region u...