Sebi's new closing-price mechanism trips up ETFs
Mumbai, Aug. 27 -- The Securities and Exchange Board of India's latest mechanism for determining the closing prices of certain stocks through a single equilibrium-price auction, replacing the final volume-weighted average price (VWAP), is creating a pricing challenge for exchange-traded funds (ETFs…
Mumbai, Aug. 27 -- The Securities and Exchange Board of India's latest mechanism for determining the closing prices of certain stocks through a single equilibrium-price auction, replacing the final volume-weighted average price (VWAP), is creating a pricing challenge for exchange-traded funds (ETFs…
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