The classic ice cream segment contributed approximately 80% in global retail ice cream industry in 2012, whereas Nestle and Unilever, the two largest players captured one-third of the total market. New product development and innovation plays an important role as a growth driver for industry.
In this example, most investors would expect one share of the ETF to trade at $2 per share (the equivalent worth of Security X and Security Y). While this is a reasonable expectation, it is not always the case. It is possible for the ETF to trade at $2.02 per share or $1.98 per share or some other value.
There is a single unit price, there is no brokerage incurred on the sale and purchase of units and there are no extra administration fees. For ETFs, this is not the case. One cannot simply work on the basis of the TER as one cannot actually purchase an ETF at its TER.