MAXIS TOPIX Ex-Financials ETF [2523.T]
TOKYO, Jun 08 (Pulse News Wire) – Maxis Topix Ex-financials ETF (2523.T) announced that its 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 May 29. Over seven consecutive trading days, the deviation exceeded 5%.
On June 8, the closing market price was ¥2,906 compared to the NAV per share of ¥3,184, resulting in a divergence rate of 8.74%. Similar disparities persisted throughout the observed period, ranging from 6.17% to 5.39%.
The company highlighted that due to low trading volumes, arbitrage mechanisms struggle to correct these deviations effectively, leading to sustained price differences. Investors are advised to exercise caution when trading this ETF, considering the ongoing price discrepancies.
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