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Risks

What Are Actively Managed ETFs?

Actively managed ETFs do not track underlying indicators, unlike indicator-tracking ETFS which are linked to specific indicators such as a stock price index with the aim of achieving specific financial results. In general, active management allows managers to flexibly make decisions on stock selection and asset allocation in accordance with a predetermined fund management policy.

Points to note when investing in actively managed ETFs

As actively managed ETFs do not track underlying indicators, management companies can response flexibly to market conditions and other factors. However, there is also a possibility that management striving for high returns may result in price movements that cannot be explained by overall market conditions or investment performances that underperform the benchmark.

Actively managed ETFs listed on TSE are currently required to disclose portfolio information daily, but it should be noted that the information is as of the previous day's NAV calculation.

The estimated net assets per unit (indicative NAV) calculated and distributed during trading hours based on the portfolio information will also not always match the price of the ETFs.

Indicative NAV・PCF