05-01-2014, 04:52 PM
i have been wondering for ETFs that represent country indexs....
If the market is closed e.g. Japan (closed on 31 dec, 2-3Jan) i noticed that the ishares Japan ETF /ticker EWJ still continued trading on these days the markets were closed.
I wonder how the fund manager does that since the index was not quoted.
So i looked EWJ's holdings for a clue - perhaps it was ADRs that was trading - but it was a mix of ADR and Nikkei only listed counters
Why i ask was if Thailand were to shut down, can i still look to buy the thai etf or wait till market re-opens.
If going by the above for ishares Japan etf, it should be open.
The essential questions are:
1. How are they quoted
2. Any arbitage opportunities?
If the market is closed e.g. Japan (closed on 31 dec, 2-3Jan) i noticed that the ishares Japan ETF /ticker EWJ still continued trading on these days the markets were closed.
I wonder how the fund manager does that since the index was not quoted.
So i looked EWJ's holdings for a clue - perhaps it was ADRs that was trading - but it was a mix of ADR and Nikkei only listed counters
Why i ask was if Thailand were to shut down, can i still look to buy the thai etf or wait till market re-opens.
If going by the above for ishares Japan etf, it should be open.
The essential questions are:
1. How are they quoted
2. Any arbitage opportunities?