![]() ![]() The companies in which the Fund invests may be subject to rapid changes in technology, intense competition, rapid obsolescence of products and services, loss of intellectual property protections, evolving industry standards and frequent new product productions, and changes in business cycles and government regulation. The investable universe of companies in which VR may invest may be limited. Investing involves risk, including the possible loss of principal. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price. However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. ![]() Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. eastern time), slight differences in this timing may cause discrepancies. ![]() Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. What causes these time discrepancies?Ĭlose of Trading Times. ![]() However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities. As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. dollars.ĭownload Chart Data (.CSV) How can the Fund trade at a premium/discount to its NAV? The Index was developed and is owned by Ball Metaverse Research Partners LLC.Holdings are subject to change. The Metaverse will be supported by a wide range of technologies, tools, and standards that enable high volumes of concurrent users, a rich virtual-only economy of labor, goods, and services, and wide ranging interoperability of data, digital assets, and content. The Metaverse will also connect to physical spaces, two-dimensional Internet experiences (e.g., standard apps, webpages), and finite simulations (e.g., a game). Users will primarily engage with the Metaverse through persistent, simultaneous, and shared three-dimensional virtual simulations and spaces. Metaverse is a term used to refer to a future iteration of the Internet. The Index seeks to track the performance of globally-listed equity securities of companies that engage in activities or provide products, services, technologies, or technological capabilities to enable the Metaverse, and benefit from its generated revenues (Metaverse Companies). The Roundhill Ball Metaverse ETF (the Fund) seeks to track the performance, before fees and expenses, of the Ball Metaverse Index (the Index) The Fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the Index. Roundhill Ball Metaverse ETF (METV) Company Description ![]()
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