Market News

Mar. 09, 2022 TSE Notice of Trading Halt, etc. Concerning "NEXT FUNDS Russia RTS Linked Exchange Traded Fund(1324)"

 

With regard to the ETF "NEXT FUNDS Russia RTS Linked Exchange Traded Fund (Securities Code: 1324)" listed on the Tokyo Stock Exchange, TSE issued an alert on Thursday, March 7 this year*1 . However, due to the difficulty in trading Russian stocks, the management company of the ETF has been suspending applications for creation and redemption of the ETF for a long period of time. As a result, it is expected that the situation in which the market price of the ETF tends to differ from NAV over a considerable long period of time will not be resolved.

In light of these circumstances, TSE will conduct trading of the ETF until March 16 of this year and will halt trading for the time being from March 17.

In conjunction with this, TSE has summarized the matters to keep in mind as described below. TSE would appreciate your wide-ranging cooperation in sharing this information within your company and investors.

Trading Halt

With regard to the ETF "NEXT FUNDS Russia RTS Linked Exchange Traded Fund (Securities Code: 1324)", TSE will conduct trading of the ETF until March 16 of this year and will halt trading for the time being from March 17.
ToSTNeT trading will also be halted for the time being from March 17.
After April 25th, 2022, TSE is operating not to accept orders to the ETF.

Distribution of Information on Trading Halt

Around 8:00 a.m. on March 17, TSE will notify you of the trading halt of the ETF through Target. TSE will not provide notices through Target after the following business day.

 

Notes on Margin Transactions

Due to the prolonged period of the trading halt, there is the likelihood that the interest and premium charge will end up becoming a large amount, so please note that continuing to conduct margin transactions will be accompanied with high risk.
In addition, please also note that there is the possibility that securities companies may bring forward the deadline of securities or money borrowed for margin transaction depending on how the situation develops.

Other

When TSE will decide to resume trading of the ETF, it will promptly announce the decision.
Due to sudden changes in the market environment and other factors in the future, the resumption date of trading or whether or not trading is implemented may change. In that case, TSE will promptly notify you.

Inquiries

Equities Department, Strategic Planning Group
TEL:03-3666-0141(switchboard)
kabuso-kaigi@jpx.co.jp (General matter)
shintori@jpx.co.jp(About Margin Trading)