The compensation will include “all reasonable costs incurred”, including brokerage fees, duties and charges and any losses suffered by the fund for having to unwind the trades as a result of the cancellation.
UOB Asset Management (UOBAM), the manager of UOB APAC Green REIT ETF, announced that it will require a participating dealer to pay cancellation compensation to the trustee of the fund.
The compensation is said to be about the “cancellation or withdrawal of any creation application or redemption application”.
