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 AIQ 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? I’m looking forward to developing these solutions for TMX Global’s diverse customer base.”įor more information on TMX Global, click here.Holdings are subject to change.
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“I’ve been doing transformation projects all my career, and I’ve got strong views on what works and what doesn’t – plus a track record of delivering fit-for-purpose projects. Having all those attributes concentrated in one business made is a great fit.”īruce notes he is looking forward to using his decades of experience to find the best solutions for TMX Global clients. “They also believe and know it is about the customer first and foremost. “But TMX is a unique organisation, in its capabilities across logistics, automation, supply chain, and project management. “Often consultants do one or two things well,” he adds. “He is a disruptor and a hands-on strategic advisor who will deepen TMX Global’s position as a client-led organisation,” explains Milan Andjelkovic, Chief Operating Officer at TMX Global.īruce says he worked with TMX Global closely in Japan, and that he has never experienced a consultant before or since in his career with that impressive level of end-to-end capability and knowledge.
He eventually moved on to work in the Philippines, Indonesia, Sydney, and Japan. “With more than 30 years of experience and senior executive roles in the Philippines, Indonesia, Australia, and finishing up now after nine years in Japan, Bruce is confident in steering big organisations through supply chaos, stock keeping unit (SKU) complexity, and omni-channel demand – all the while putting people first.”īruce learned his trade working through the rank of supply chain – notes TMX Global – beginning as a project engineer and progressing to the most senior executive roles with Coca-Cola Amatil in his home city of Brisbane. “Bruce is a heavy hitter in the supply chain world,” says Dr Martin Orzinski, Global Executive Director of Supply Chain at TMX Global. TMX Global has appointed international supply chain leader Bruce Herbert to the role of Strategic Advisor where he will be based in the company’s Sydney office.īruce returns to Australia after nine years in Japan, most recently as beverage giant Coca-Cola Bottlers Japan Incorporated’s Chief Supply Chain Officer in Tokyo.
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