Source disclosure: February 20, 2026
MAXIS TOPIX Ex-Financials ETF [2523.T]
TOKYO, Feb 20 (Pulse News Wire) -- Mitsubishi UFJ Asset Management Co., Ltd. (management company code 13444), represented by President Hirokawa Naoki, has announced significant divergence between the benchmark price and market price of its ETF "MAXIS TOPIX Ex-Financials ETF" (stock code 2523). The divergence has persisted over seven consecutive trading days since February 12th, exceeding five percent each day.
The latest data shows that on February 20th, the market price closed at ¥2,820.0 per share while the benchmark price stood at ¥3,137.48 per share, resulting in a divergence rate of 10.12%. This trend began on February 12th when the market price was ¥2,885.0 compared to the benchmark price of ¥3,188.28, marking an initial divergence rate of 9.51%. Similar discrepancies continued through subsequent trading days, with the highest recorded divergence occurring on February 19th at 11.05%.
This persistent gap is attributed to low trading volumes which hinder effective arbitrage between the market price and benchmark price. Investors are advised to exercise caution when buying or selling this ETF due to these ongoing divergences. For further information regarding the MAXIS TOPIX Ex-Financials ETF, interested parties can visit Mitsubishi UFJ Asset Management's MAXIS website at https://maxis.am.mufg.jp. Additionally, inquiries may be directed to the Customer Service Department via their toll-free number at 0120-151034 during business hours from 9:00 AM to 5:00 PM.
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