The redemption basket is the minimum lot of shares of funds given to the manager of a particular ETF in exchange for the cancellation of the fund basket.
All prices are in Chilean Pesos (CLP).
Number of quotas per basket
Net Asset Value
Total amount per ETF basket
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Frequently Asked Questions
What parties are involved in transactions with ETFs?
The parties involved in transactions with ETFs are:
Exchange: provides the platform for listing and trading the fund.
Fund manager: responsible for managing the fund and replicating the performance of the benchmark asset, as well as creating and redeeming the ETF shares.
Authorized agent: agent that can create and destroy ETF shares and minimum lots of ETFs, interacting directly with the fund manager.
Market maker: broker who plays an important role by providing liquidity to a financial product through the daily buying and selling of shares. Most of the time it is also an authorized agent.
In what currency do foreign securities trade?
According to the rules governing the Foreign Market of Santiago Exchange, securities of foreign issuers can be listed and settled in dollars or Chilean pesos. The issuer or its sponsor defines the foreign instruments to be traded in pesos.
What is an index?
Indices are an average of the prices of a portfolio of shares representing a market, calculated as the weighted average of each stock’s market capitalization. Indices provide an overview of market behavior and serve as a benchmark to compare the performance of different financial instruments.
What is the primary market?
The primary market is the market in which financial assets are issued and sold for the first time. Once issued, they can be traded in the secondary market. These securities are issued, for example, by the government, the Chilean Central Bank, banks and financial institutions, mutual funds, corporations and other debt issuers.
What does return refer to?
Return is an indicator that measures economic gain. It is measured by comparing the current value of assets to the value of the economic resources used to obtain them.