Securities expected to be sold to cover dividend payouts to shareholders
Japanese ETFs are slated to sell more than $7 billion in securities on July 8 and July 10. © Reuters
YUKA KAWAI, Nikkei staff writer | Japan
TOKYO — Japan’s equities market is closely watching an expected sell-off by exchange-traded funds next week to the tune of billions of dollars.
To raise funds to pay dividends to shareholders, ETFs need to sell shares and futures on the days they settle accounts. The upcoming sales are slated for Monday and Wednesday.
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