Some industry observers also point out that access to real-time pricing data is limited, specifically for the numbers provided to institutional investors and market makers that track underlying securities relative to the ETF’s NAV.
“Contrary to what most people think, the ETF industry hasn’t maintained a completely open book,” Michael Johnston, an analyst at ETF Database, said in the article.
Although, Johnston notes that contracts between fund sponsors and data providers on when and what to report can vary. Additionally, information on international or less liquid markets may be even more difficult to ascertain on a daily basis. [What is an ETF? — Part 5: Know Your Holdings]
For more information on ETFs, visit our ETF 101 category.
Max Chen contributed to this article.