NEXT Funds Nikkei 300 ETF Shows Significant Price Discrepancy

TOKYO, May 21 (Pulse News Wire) – Next Funds Nikkei 300 Index Exchange Traded Fund (1319.T), reported a significant divergence between the fund's net asset value per share and its trading price on the Tokyo Stock Exchange. On May 20, the net asset value was ¥750 per share, while the market price closed at ¥708.

This marks seven consecutive trading days since May 12 during which the discrepancy exceeded 5%. Details of the divergence are as follows: | Date | Net Asset Value | Market Price | Discrepancy Rate | |------------|-----------------|--------------|------------------| | May 12 | ¥765 | ¥725 | -5.35% | | May 13 | ¥775 | ¥725 | -6.51% | | May 14 | ¥766 | ¥713 | -6.92% | | May 15 | ¥764 | ¥722 | -5.52% | | May 18 | ¥756 | ¥712 | -5.83% | | May 19 | ¥761 | ¥712 | -6.54% | | May 20 | ¥750 | ¥708 | -5.64% | The company attributes the divergence primarily to market supply and demand dynamics.

It anticipates that increased trading activity could help resolve the issue as supply-demand conditions improve. Investors are advised to carefully consider the price discrepancy when buying or selling shares of the ETF.