Re: [請益] 小型股的高週轉率

[csjan (...)]

在讀vanguard的公開說明書讀到這一段

Plain Talk About Turnover Rate
Before investing in a mutual fund, you should review its turnover rate. This
gives an indication of how transaction costs, which are not included in the
fund's expense ratio, could affect the fund’s future returns. In general, the
greater the volume of buying and selling by the fund, the greater the impact
that dealer markups and other transaction costs will have on its return. Also,
funds with high turnover rates may be more likely to generate capital gains,
including short-term capital gains, that must be distributed to shareholders
and will be taxable to shareholders investing through a taxable account.

1.交易費用不包含在內扣裡
2.看不是很懂，大概是說，該基金周轉率高的話，它在進行交易時價格會被哄抬
(這句丟到google翻譯會得到一句很通順但意思似乎不對的翻譯XD)
3.會被迫實現資本利得，對國外投資人似乎沒差？不曉得會怎麼影響美國納稅人

※ 引述《letitgo02 (我看見的世界)》之銘言：
: 最近有考慮買小型股的etf
: 但有人說高週轉率
: 這是會產生多餘的費用嗎?
: 因為etf 本身的 fee 是固定的
: 也不是很多，目前看到約0.1%
: 所以週轉率的費用是在fee裡面嗎
: 謝謝
: -----
: Sent from JPTT on my Asus ASUS_T00J.

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推 narowang: 應該交易成本列入持股平均成本中，也就是Capital gain
→ narowang: 本身已經減除費用支出與稅負
→ mistyfog: 所以週轉率是內扣之外的隱藏成本囉。以naro大的說法，et
→ mistyfog: c買賣股票時，資本利得扣除交易成本後以淨損益入帳，所
→ mistyfog: 以週轉率愈高，資本利得就會愈少，進而使etf淨值降低---
→ mistyfog: -又學到一課了
推 dnac6h12o6: 推推