Creation / Redemption Flow for In-kind Creation/Redemption ETFs Print

Daily Creation and redemption are based on ETF’s NAV calculated in early evening. Confirm non-tradable days by referring to trading calendar on our official homepage. Basket for creation is continually-updated on our official homepage. Basically sell/buy at last price of T day’s market while FX rate is TTM of one business day after the application (10am on T+1)
The flow chart below is showing the creation/redemption process for Nikko AM ETFs. Please note that transactions cannot be processed for days on which applications are not accepted.

Creation Flow for In-kind Creation/Redemption Type ETFs

Creation Flow for In-kind Creation/Redemption Type ETFs
<Essential Considerations>
  • Please secure the basket for creation ETF when making application.
  • We recommend you to take measures like borrowing stocks in order to secure the basket for settlement for ETF creation.

Redemption flow for in-kind Creation/Redemption Type ETF

Redemption flow for in-kind Creation/Redemption Type ETF
No Code Fund Name
1 1308 Listed Index Fund TOPIX
2 1314 Listed Index Fund S&P Japan Emerging Equity 100
3 1316 Listed Index Fund TOPIX100 Japan Large Cap Equity
4 1317 Listed Index Fund TOPIX Mid400 Japan Mid Cap Equity
5 1318 Listed Index Fund TOPIX Small Japan Small Cap Equity
6 1330 Listed Index Fund 225
7 1345 Listed Index Fund J-REIT (Tokyo Stock Exchange REIT Index) Bi-Monthly Dividend Payment Type
8 1347 Listed Index Fund FTSE Japan Green Chip 35
9 1544 Listed Index Fund Japan Equity (MSCI Japan)
10 1698 Listed Index Fund Japan High Dividend (TSE Dividend Focus 100)
11 1556 Listed Index Fund Nikkei China Related 50