Overview		ETF List		FAQs		Investor corner		for Issuer

What is an exchange-traded fund (ETF)?
How do I buy or sell ThaiDEX SET50 ETF units?
What transaction fees do I need to pay to buy or sell an ETF?
How is the market price of an ETF determined?
What are the returns for investing in an ETF?
What are the risks associated with ETFs?
What is the minimum investment amount?
Is an investment in an ETF subject to taxes or stamp duty?
Does an ETF have a prospectus?
How do investments in an ETF, a stock and an index fund differ?

	What is an exchange-traded fund (ETF)?
	An Exchange Traded Fund (ETF) is an index fund that trades like an ordinary stock. An ETF enables an investor to have less risky exposure to the stock market. Investing in an ETF means you will get a return on the stock market index.
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	How do I buy or sell ThaiDEX SET50 ETF units?
	Investors can buy and sell units in the ETF during SET trading hours using ordinary brokerage accounts.
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	What transaction fees do I need to pay to buy or sell an ETF?
	Your broker will charge you normal transaction costs (commissions) associated with the purchase or sale of the ETF. Trading commissions in the secondary market is the same as other stocks. Top
	How is the market price of an ETF determined?
	There are two types of prices for an ETF: The trading price is a bid-and-offer price that appears on a trading screen. The trading price of an ETF is determined by demand and supply in the market. The net asset value (NAV) of an ETF is the sum of its assets minus its liabilities. Usually, the NAV of an ETF is calculated once a day by the ETF fund manager. In addition, the investment company will also calculate and report the “Indicative NAV” to investors on a minute-to-minute basis. Indicative NAV measures the intra-day net asset values of the ETF. Investors can use them as references for the investment’s underlying value. Top
	What are the returns for investing in an ETF?
	Investments in an ETF have two types of returns: Capital gains. Because investors can trade an ETF like an ordinary stock, they can buy when it is at a low price and sell it at a high price to realize a profit Dividends. Usually the fund manager will receive dividends from the stocks that comprise the SET50. The fund manager will then redistribute dividends to ETF holders after subtracting a transaction fee. Top
	What are the risks associated with ETFs?
	Investing in ETF entails the same economic, political and the other risks that affect the underlying index. Investment returns and principal value will fluctuate according to the economic and political climate, just as shares do. Therefore, when an ETF is redeemed, it may be worth more or less than its original cost. Investors are also subject to risk of tracking error, which is the disparity between the returns of the ETF and that of the underlying index which the fund manager is trying to replicate. Tracking error may be due to several causes, such as errors the fund manager made in tracking the underlying index, or added costs of ETF fees and expenses. Top
	What is the minimum investment amount?
	An ETF is traded in board lots which are the same size as normal board lots. The minimum lot size is 100 units. If the ETF has a trading price of THB 5.50 per unit, the minimum investment amount would be THB 550. Top
	Is an investment in an ETF subject to taxes or stamp duty?
	Yes, an investment in an ETF is subject to similar taxes and stamp duty as investing in a stock. Top
	Does an ETF have a prospectus?
	Yes. The prospectus is very important material a prospective investor should read closely before investing. The prospectus discloses important information, such the fund’s objectives, management, fees and performance record as well as the risks of investing in it. Top
	How do investments in an ETF, a stock and an index fund differ?
	The table below shows major differences between investing in an ETF, stock and an index fund. ETF Stock Index Fund Pricing intra-day Real time Real time No Unit of trade Board lot. Each board lot represents 100 ETF units. Board lot. Each board lot represents 100 ETF units. Minimum investment amount is THB 5,000 . Trading Times During market hours During market hours Investors can submit an order during market hours but they will not know the executed price until the end of that trading day. Market/Limit/Short order Possible Possible No Buy on margin Possible Possible No Transaction Fee Retail investors same as stock same as stock   Institutional investors Negotiated rate Negotiated rate Front-end and back-end fees How to buy or sell Investors can submit orders via a brokerage account. Investors can submit orders via a brokerage account. Investors can buy or sell through a unit trust only via an investment management company. Settlement T+3 T+3 T+4 Dividends Possible Possible Possible *m = Million Baht