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Exchange of assets |
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Exchange of assetsAcquisition of another company by purchase of its assets in exchange for cash or stock.Exchange of assets Similar MatchesVancouver Stock Exchange (VSE)Vancouver Stock Exchange (VSE)A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Exchange traded fundExchange traded fundETFs are a new kind of collective investment fund competing with investment trusts and unit trusts for investors' money.In some ways they are a conventional tracker fund, pooling the cash of a large number of investors and investing it in a basket of shares in companies that make up an index (e.g. members of the FTSE A All-Share).Like unit trusts, ETFs are open ended, which means that new units can be issued in response to demand. The advantage of this is that they trade at a price which is close to the net asset value of the fund (i.e. the value of its investments) - something that cannot be said of investment trusts which are closed funds.But unlike unit trusts, ETFs do not usually have initial charges and their annual management charges are much lower (averaging 0.35%). You will have to pay broking commission, but some ETFs are exempt from Stamp Duty.Another feature of ETFs is that their prices are updated continuously during the trading day to reflect the indexes they track. This is an improvement over unit trusts where prices are only recalculated every 24 hours. So if you buy shares in an ETF at 2 o'clock on Monday the price you pay will be directly related to the NAV at that time.ETFs pay a dividend to their shareholders, which is the sum of all the dividends received from the ETF's investments minus an annual management fee. Typical annual fees are under 0.5% of the fund's value.The UK's first ETF was launched by Barclays Global Investors in 2000 and took 80,000 trades in its first week. It can be held in both PEPs and ISAs and does not attract Stamp Duty.You can buy ETFs through most stockbrokers. New York Mercantile ExchangeNew York Mercantile ExchangeFollowing the merger with the Commodity Exchange (COMEX) in 1994, the exchange operates two divisions that is, NYMEX which deals in futures and options on a number of products including crude oil, heating oil and platinum and COMEX which deals in futures and options on copper, gold and silver. Foreign exchange controlsForeign exchange controlsVarious forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by nonresidents. Effective exchange rateEffective exchange rateAn index of a currency's value relative to a group (or basket) of other currencies, where the currencies in the basket are given weights based on the amount of trade between the countries that use the currencies. Also called a trade-weighted exchange rate. Further SuggestionsTaiwan Stock Exchange (TSEC)Stock Exchange, Mumbai (BSE) Direct Exchange Rate Rate of exchange Helsinki Exchanges (HEX) Copenhagen Stock Exchange Pegged exchange rate Indirect Exchange Rate Osaka Securities Exchange (OSE) Stock Exchange of Hong Kong (SEHK) bill of exchange Stock Exchange Daily Official List code Jakarta Stock Exchange Bombay Stock Exchange (BSE) London International Financial Futures and Options Exchange Foreign exchange market Korea Stock Exchange Banner Exchange Oslo Stock Exchange International Petroleum Exchange Spot exchange rates Exchange-market intervention Recognised Investment Exchange Exchange rate determination Unequal exchange |
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