ETF, ETC and ETN has the following advantages over traditional mutual funds:

• High Liquidity: ETF, ETC and ETN can be traded during normal exchange trading hours
• High Transparency: ETF, ETC and ETN price is available on a real-time basis
• Low Cost: ETF, ETC and ETN have lower management fee comparing to traditional mutual funds
• High Flexibility: Minimal investment amount for ETF, ETC and ETN
• Effective Investment Strategy: Provide diversification for investors with small investment