"ladder creation" — an investment mode at which the investor buys some financial tools with various term of repayment. See also лэддеринг in marketing.
The maintenance* 1 Benefit
* 2 Other use
* 3 Notes
* 4 See also
To Benefit
it is not subject to risk to the most part of actives at an adverse financial environment. For example, the person has the depositary bonds which term of repayment comes in 2015 and 2018 If the interest rate is strongly enough depressed under bonds of 2015 half of income is closed till 2018
If necessary laddering can liberate the capital. The person can get more short-term bonds if means in the near future are necessary for financing for it, for example, training of children or to buy more long-term bonds, term which repayments, will come much later and urgent expenses, in a situation when the economy favors to reception of incomes won't be necessary.
Other use
also describes process where for share acquisition at determined price, investors should also agree to buy additional shares at higher price. It is artificial inflates the price of a share capital and allows the devoted persons to buy at lower price with a guarantee of that they can sell at higher price. Such practice is illegal.
Fund traded at a stock exchange
Fund traded at a stock exchange (English Exchange Traded Fund, ETF) — the index fund, which shares address at a stock exchange. Structure ETF repeats structure of the chosen base index. Unlike an index PIF, with actions ETF it is possible to make all same operations which are accessible to ordinary actions in exchange trade.
In it advantage ETF before the PIF — operations under actions ETF can be made within all trading day and their price changes depending on activity of dealers. Actually ETF is the new kind of securities which are carrying out a role of the certificate on a portfolio of actions.
This fund is very similar to usual Share investment fund (PIF) and bears in itself all advantages which the PIF has:
* Professional steering:
* Low initial investments:
* High liquidity:
* the Wide diversification:
Difference ETF from PIFS:
* the Price of the share of the PIF is formed not at a stock exchange, and pays off in the end of day on the basis of cost of a net wealth of fund. The price акциий ETF changes during the day.:
* Shares of PIFS can't be borrowed or bought on the means borrowed. With actions ETF trade that allows to use a credit shoulder and "speculation for the fall" is admissible маржинальная, but does such operations by more risky.:
* Usually shares of PIFS address in the country of its establishment. Actions ETF can bargain at foreign stock exchanges.:
Funds traded at a stock exchange as the exchange tool, were widely adopted in the West. In Russia the corresponding legislation while isn't present
