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An event that occurs when the contracts for stock index futures, stock index options and stock options all expire on the same day. Triple witching days happen four times a year on the third Friday of March, June, September and December.This phenomenon is sometimes referred to as "freaky Friday". [@more@]The final trading hour for that Friday is the hour known as triple witching. The markets are quite volatile in this final hour, as traders quickly offset their option/futures orders bef

A mutual fund or other investment vehicle that will only invest in companies that are deemed socially conscious in their business dealings or directly promote environmental responsibility. A green fund can come in the form of a focused investment vehicle for companies engaged in environmentally supportive businesses, such as alternative energy, green transport, water and waste management, and sustainable living.[@more@]A green fund's strategy can be based on avoiding negative company criteria (b

A market that has more potential sellers than buyers. A soft market can describe an entire industry, such as the retail market, or a specific asset, such as lumber. This is often referred to as a buyer's market, as the purchasers hold much of the power in negotiations. 软市场指买方市场（潜在卖方多余买方），买房手握交易之主动权。[@more@]A soft market can lead to rapid drops in prices as sellers compete to find buyers. Prices will fall as the excess of supply over demand increases.软市场中，价格会

A type of mortgage that is normally made out to borrowers with lower credit ratings. As a result of the borrower's lowered credit rating, a conventional mortgage is not offered because the lender views the borrower as having a larger-than-average risk of defaulting on the loan. Lending institutions often charge interest on subprime mortgages at a rate that is higher than a conventional mortgage in order to compensate themselves for carrying more risk. 次级债是一种常常借贷给那些信用评级较低的人的

所谓基金拆分，是在保持基金投资人资产总值不变的前提下，改变基金份额净值和基金总份额的对应关系，重新计算基金资产的一种方式。假设某投资者持有1万份基金A，当前的基金份额净值为2元，则其对应的基金资产为2×1万=2万元。对该基金按1：2的比例进行拆分操作后，基金净值变为1元，而投资者持有的基金份额由原来的1万份变为2万份，对应的基金资产仍为2万元，资产规模不发生变化。[@more@]在基金拆分之后，原来的投资组合不变，基金经理不变，基金份额增加，而单位份额的净值减少，就好比是股票的“送股”，而且还可以与低净值基金站在同一

QFII：QFII是Qualified foreign institutional investor (合格的境外机构投资者) 的首字缩写。更通俗的讲：即合格的境外机构投资者制度，是指允许合格的境外机构投资者，在一定规定和限制下汇入一定额度的外汇资金，并转换为当地货币，通过严格监管的专门帐户投资当地证券市场，其资本利得、股息等经批准后可转为外汇汇出的一种市场开放模式。 目前在我国证券市场上的QFII持有A股市值达到971亿（100亿美元），目前A股市场最大QFII机构Martin Currie投资管理公司。此次吴仪JJ访美，一个重要消息是QFII额度将增至300亿美元，诸多QFII大喜过望

互惠基金（MUTUAL FUND）也称共同基金或投资基金，是北美的一种非常著名的投资工具。每年投资在互惠基金上的资金额增长速度十分迅速。仅加拿大就有二百多家基金管理公司，共经营着四千多个单项基金。约一半以上的北美家庭持有互惠基金。互惠基金产生的背景是资本市场的活跃，投资者希望在相对安全的情况下获得较高的收益。投资者将资金交给投资专家－－基金经理来管理，基金经理将聚集起来的资金按照该基金的基本投资方向和比例、以及有关管理原则进行代客投资。并根据投资市场的变化，对投资对象及比例进行适时地调整。在分散投资、降低风

8 Foreign banks are admitted as the first admitted as locally registered corporations. And they are: HSBC, Citigroup, Standard Chartered Bank, Bank of East Asia, Hang Seng Bank, Mizuho Corporate Bank, DBS Bank and ABN AMRO.Origina link: http://english.cri.cn/2946/2006/12/11/65@172845.htm[@more@]Top Banks: Commercial and Savings listed in Fortune 500 is http://money.cnn.com/magazines/fortune/global500/2006/snapshots/13.html.