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Japanese markets to close April 27 to May 6

26 April 2019 | Markets and economy

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Japan’s financial markets will be closed from April 27, 2019 to May 6, 2019, in observance of ‘Golden Week’, a time each year in which Japan celebrates several national holidays.

This year’s Golden Week holiday will include more days where the financial markets are closed due to additional festivities related to the ascension of a new Emperor. Japan’s financial markets will reopen on Tuesday May 7, 2019.

During this time, Vanguard Canada’s ETFs will continue to be available for purchase on the TSX and other Canadian marketplaces. Additionally, Vanguard’s Canadian mutual funds will continue to be available for purchase through regular distribution channels.

During this market closure, we could see more heightened trading volatility for those ETFs with significant Japanese market exposure. We encourage clients to consider best practices when trading ETFs, including paying attention to financial market conditions, using limit orders to maintain control of execution and engaging the services of a trading desk to assist with execution of large-size trades.

Investors should contact their financial advisor with any questions or for additional guidance on trading Vanguard ETFs.

Important information:

The views expressed in this material are based on the author's assessment as of the first publication date (April 2019), are subject to change without notice and may not represent the views and/or opinions of Vanguard Investments Canada Inc. The authors may not necessarily update or supplement their views and opinions whether as a result of new information, changing circumstances, future events or otherwise. Any "forward-looking" information contained in this material should be construed as general investment or market information and no representation is being made that any investor will, or is likely to achieve, returns similar to those mentioned in this material or anticipated in this material.

This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation.

Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.

All investments are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. Any given ETF may not be a diversified investment.

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