Q. Trading hours in Asia (NYSEARCA:VPL) and Europe (NYSEARCA:FEZ) don’t coincide with the U.S., so how are ETFs that own foreign securities still able to closely track their indexes even when trading in these securities may be closed?
A. Price discovery is an around the clock 24-hour process and capital markets constantly add information that can change the underlying value of stocks held in ETFs.
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