交易成本低廉
Low transaction cost
指数化投资往往具有低管理费及低交易成本的特性。相对于其他基金而言,指数投资不以跑赢指数为目的,经理人只会根据指数成分变化来调整投资组合,不需支付投资研究分析费用,因此可收取较低的管理费用。
Indexed investments are often characterized by low management fees and low transaction costs. In contrast to other funds, index investments are not aimed at running-win indices, managers simply adjust the portfolio to account for changes in the composition of the index and do not have to pay for investment research and analysis, thus charging lower management costs.
另一方面,指数投资倾向于长期持有购买的证券,而区别于主动式管理因积极买卖形成高周转率而必须支付较高的交易成本,指数投资不主动调整投资组合,周转率低,交易成本自然降低。
On the other hand, index investments tend to hold purchased securities on a long-term basis, distinct from proactive management, which has to pay higher transaction costs as a result of the high turnover rate generated by active sales, which does not proactively adjust the portfolio, has a low turnover rate and naturally reduces transaction costs.
发表评论