Source disclosure: February 10, 2026
MAXIS TOPIX Ex-Financials ETF [2523.T]
TOKYO, Feb 10 (Pulse News Wire) – Maxis Topix Ex-financials ETF (2523.T) experienced significant price discrepancies between its net asset value (NAV) and trading prices on the Tokyo Stock Exchange since February 2. Over seven consecutive trading days, the deviation exceeded 5%.
On February 2, the closing market price was ¥2,680 per share compared to a NAV of ¥2,931, resulting in a discrepancy rate of 8.57%. Similar deviations persisted through February 10, with the latest figures showing a market price of ¥2,850 against a NAV of ¥3,169, marking a discrepancy rate of 10.08%.
The persistent divergence is attributed to low trading volumes, which hinder effective arbitrage activities necessary to align the market price with the NAV. Investors are advised to exercise caution when trading the ETF due to these ongoing discrepancies.
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