Derivative embedded ETFs 以衍生工具構成 样本条款

Derivative embedded ETFs 以衍生工具構成. ETF managers may also use other derivative instruments to synthetically replicate the economic benefit of the relevant benchmark. The derivative instruments may be issued by one or multiple issuers. 交易所買賣基金經理也可以用其他衍生工具，以綜合複製相關基準的經濟利益。有關衍生 工具可由一個或多個發行商發行。 • Derivative embedded ETFs are subject to counterparty risk of the derivative instruments‟ issuers and may suffer losses if such issuers default or fail to honour their contractual commitments. 以衍生工具構成的交易所買賣基金需承受源自衍生工具發行商的交易對手風險。若發行商失責或不能履行其合約承諾，基金或要蒙受損失。