| The world’s largest leveraged exchange-traded fund is getting too big for the market it was designed to track. Nomura Asset Management Co. will halt subscription orders for its Next Funds Nikkei 225 Leveraged Index ETF and two other funds from Friday, it said in a statement on its website.
The money manager, which relies on the futures market to deliver two times the daily return of Japan’s most famous stock index, said liquidity isn’t deep enough to ensure it can meet that target. Surging inflows from individual investors have made the Nikkei 225 ETF one of the biggest players in Japan’s futures market, sparking concern among some analysts that the fund’s trades are exacerbating price swings...............................................Full Article: Source
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