Attention is focused on its exchange traded fund business. 外界的关注焦点都集中在瑞银的交易所交易基金(ETF)业务上。
The largest gold exchange traded fund, held by both individual investors and the biggest hedge funds, has unloaded 44 tonnes, or 3 per cent of its hoard, this month. 个人投资者和大型对冲基金均持有的全球最大黄金ETF,本月减持了44吨,相当于这只交易所交易基金黄金持有总量的3%。
Because of this he runs the fund as an Index Tracker rather than an exchange traded fund. 出于这一原因,他按照指数基金而非交易型开放式指数基金(etf)的方式来运作这只基金。
Alibaba is not so much a company as it is essentially an exchange traded fund for exposure to Chinese technology and commerce. 阿里巴巴看上去并不怎么像一家公司,倒像是一只专注于中国科技和电商领域的交易所上市基金。
The most straightforward, and in recent months extremely successful ( in terms of asset gathering ) is the exchange traded fund. 最直截了当,而且在近几个月来成功吸纳了大量资产的产品,就是交易所交易基金(etf)。