Amova Asset Management, led by President Stephanie Druez, told investors on July 10, 2026 that it would not process new creation or redemption applications that day for two of its exchange-traded funds. The trigger was Taiwan's own stock exchange, which suspended trading for the session because of a typhoon.
The affected funds are the Listed Index Fund World Equity (MSCI ACWI) ex Japan, ticker 1554, and the Listed Index Fund World Emerging Markets Equity (MSCI Emerging), ticker 1681.
| Ticker | Fund |
|---|---|
| 1554 | Listed Index Fund World Equity (MSCI ACWI) ex Japan |
| 1681 | Listed Index Fund World Emerging Markets Equity (MSCI Emerging) |
Amova said the freeze covered only applications submitted on July 10 and was carried out under the terms of the funds' trust deeds. Creation and redemption applications are the routine process by which an ETF's outstanding units expand or shrink. When an exchange tied to a fund's index cannot trade for a session, managers commonly pause that day's processing rather than push it through against an incomplete market. Amova's notice does not say whether the pause would have extended past July 10 had Taiwan's exchange stayed shut longer, and it does not detail how much of either fund's portfolio sits in Taiwanese securities.
The filing also states plainly that the document was prepared to inform investors about the suspension and is not solicitation material for either fund. Amova apologized to investors for the inconvenience.
The episode is a small but clean illustration of how weather-driven market closures travel through cross-border fund plumbing. A one-day shutdown in Taipei did not touch these ETFs' listing status in Tokyo, but it was enough to stop the back-office paperwork that lets investors create or unwind large blocks of units, at least for the session in question.