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Stock Exchange of Hong Kong (SEHK) |
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Stock Exchange of Hong Kong (SEHK)Only stock exchange located in Hong Kong.Stock Exchange of Hong Kong (SEHK) Similar MatchesCanadian Exchange Group (CEG)Canadian Exchange Group (CEG)The CEG is an association among the Toronto Stock Exchange, the Montreal Exchange, the Vancouver Stock Exchange, the Alberta Stock Exchange, and the Winnipeg Stock Exchange for the purpose of providing Canadian market data to customers outside Canada. Shanghai Stock ExchangeShanghai Stock ExchangeOne of two major securities markets in China. Pacific Stock ExchangePacific Stock ExchangeUsed for listed equity securities. Regional exchange located in Los Angeles and San Francisco; only U.S. Regional exchange open between 4:00 and 4:30. Securities Exchange Act of 1934Securities Exchange Act of 1934Legislation that created the SEC, outlawing dishonest practices in the SEC of SEC. 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. Further SuggestionsBill of exchangeKorea Stock Exchange Sao Paulo Stock Exchange Freely floating exchange rate system organised securities exchange Exchange rationing South African Futures Exchange (SAFEX) Exchangeable American Stock Exchange Hong Kong Futures Exchange (HKFE) International Petroleum Exchange London Commodity Exchange (LCE) New York Stock Exchange Singapore International Monetary Exchange (SIMEX) Exchange Ratio New York Stock Exchange (NYSE) Kuala Lumpur Options and Financial Futures Exchange (KLOFFE) Stock Exchange Automated Quotation (SEAQ) International Securities and commodities exchanges Chicago Mercantile Exchange Foreign exchange dealer Foreign exchange broker Exchange of assets London Metal Exchange American Stock Exchange (AMEX) |
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