So shares in close-ended funds may trade above or (more often) below net asset value.
Also, ETFs may trade at a premium or discount to their underlying holdings, which can help or hurt investors.
Within a few years 2 million of those motorcycle owners may trade up to buy the Tata car, figures McKinsey and Co. partner Ramesh Mangaleswaran in Mumbai.
In a down market, these same bond ETFs may trade below NAV, sometimes substantially, when there are more sellers than buyers and market makers are unwilling to bring the ETFs back to NAV.
Transfer pricing used by multinationals to shift profits around the globe may distort trade figures.
The resulting blustery winds may cause trade fallout and send economists and bankers back to the drawing board.
So guarding against Melissa-like viruses in the future may involve trade-offs, observers say.
Nokia and Motorola may yet trade places again, but Nokia's rise is remarkable for a company almost unknown outside its home country.
Trade experts mutter that it may violate World Trade Organisation rules against raising tariffs.
More boldly, the report and Mr Obama's speech suggest that the president has set aside his ambivalence about free trade and may soon take up stalled free-trade agreements with South Korea, Colombia and Panama.
And this trade may look like a positive move in the coming weeks and months.
So even when the world economy recovers, the rapid expansion of container trade may not resume.
It suggests that trade may induce firms to invest in innovation, contributing to productivity growth.
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First, mature industries may possess a trade secret or patented technique that efficiently gets them high quality.
World trade may well shrink this year for the first time since 1982.
As such, free trade may increase inequality but only on a domestic basis.
In short, the reflation trade may be based on a false premise.
May's trade deficit caused particular alarm, partly because it was much bigger than expected and partly because it showed a sharp weakening of exports.
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Sad as it may be the trade is bullish but when and only when the Federal Reserve moves forward with another round of liquidity.
Although open trade may make it difficult for them to establish certain kinds of industries, this does not necessarily doom them to slow growth.
Education and training are the key to any country's future, and without them free trade may prove more of a threat to Latin America than an opportunity.
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And if they can deliver it with anywhere near the vigor that was demonstrated by the antis last week in Seattle, free trade may yet win the day.
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In other words, ASEAN may have diverted trade as well as creating it (although the average tariff it imposes on outsiders has now fallen from over 12% to under 3%).
Yet once the global quota system for textiles is removed in 2005, rich countries may resort to trade-remedy rules to protect themselves from increases in textile imports from poor countries.
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Resurgent US shoppers have provided signs of hope for the beleaguered Japanese economy, by buying more goods from Japan and raising hopes that the export trade may have turned the corner.
Hedge funds, including fund of funds, are generally unregistered private investment partnerships, funds or pools that may invest and trade in many different markets, strategies and instruments (including securities, non-securities and derivatives).
Such naked protectionism may violate international trade rules.
This may have diverted trade from Dixons.
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The U.S. has had a trade and current account deficit for many years, so the matching of jobs created and lost through international trade may not have resulted in a perfect match because of export and import equality.
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