Amid all the fuss surrounding ETFs and the dangers they may pose to the financial system, Nomura Asset Management Co. has announced today that it will halt subscription orders for its Next Funds Nikkei 225 Leveraged Index ETF and two other funds (Next Funds Nikkei 225 Double Inverse Index ETF and the Next Funds Nikkei 225 Inverse Index ETF) from Friday amid liquidity concerns.
According to Nomura's press release on the matter:
"The temporary suspension has been determined, considering the current situations of fund management including the liquidity...