| 摘要 |
To protect individual investors in a blind Exchange Traded Fund (ETF) from being disadvantaged compared to the Authorized participants (APs), a mechanism is provided to enable small lot redemptions at the ETF's Net Asset Value (NAV) price under certain conditions. The market price and NAV price for the ETF are monitored and if one or more threshold conditions are detected, a trigger event is determined to have occurred. When a trigger event occurs, individual investors are notified of an option to redeem small lots of ETF shares. If the option is exercised, the individual investors are paid for shares redeemed at the NAV price rather than the market price. |
