Cancellation of some investment trusts, etc. Cancellation of TSE transactions October 1, 17:09
In response to the suspension of transactions for all stocks on the Tokyo Stock Exchange, etc., the Investment Trusts Association, which is created by asset management companies, cancels investment trusts, in which domestic stocks account for more than 20%, all day in principle. We have decided on an unusual policy to stop accepting settings.
Investment trusts are financial products that invest the funds collected from investors in domestic and foreign stocks and bonds.
In response to the Tokyo Stock Exchange and other companies suspending transactions for all stocks throughout the day due to system problems, the Investment Trusts Association, which has about 200 member companies including asset management companies, has held a special measures committee to discuss measures. I did.
As a result, we have decided on an unusual policy of canceling cancellations and accepting settings for investment trusts, in which domestic stocks account for more than 20% of total net assets, throughout the day.
However, for defined contribution pension plans, etc., we accept applications because we purchase with the premiums collected on a fixed day every month.
According to the association, it is the first time for investors to stop accepting cancellations and settings of investment trusts all day, which has caused some confusion among investors.