| 摘要 |
A system for the sale of shares of an exchange traded fund comprising: establishing a subscription period wherein assets are accumulated for purchase underlying securities of the exchange traded fund and for payment of a selling commission to one or more selling firms; following the subscription period, paying the selling commission to the one or more selling firms and using the remaining assets to purchase underlying securities; dividing the purchase of the underlying securities into shares of the fund; and commencing listing of shares of the fund.
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