Source disclosure: January 22, 2026
MAXIS TOPIX Ex-Financials ETF [2523.T]
TOKYO, Jan 22 (Pulse News Wire) – Maxis Topix Ex-financials ETF (2523.T) reported 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 January 13. Over seven consecutive trading days, the difference exceeded 5%.
On January 13, the closing market price was ¥2,668 per share compared to a NAV of ¥3,004, resulting in a deviation rate of 11.20% percent. Similar disparities persisted through January 21, with the latest figures showing a market price of ¥2,786 against a NAV of ¥2,976, marking a deviation rate of 6.38% percent.
The persistent divergence is attributed to low trading volumes, which hinder effective arbitrage activities necessary to align the market price with the NAV.
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