{"url":"https://etfiq.com/trading/international/","section":"trading","title":"International ETFs: NAV When Markets Are Closed | ETFIQ","description":"As of Oct 22, 2026, the median ETF whose holdings close before New York stayed within \u00b10.62% of net asset value on 95% of days.","as_of":"Oct 22, 2026","structured_data":[{"@type":"Article","headline":"International ETFs when the home market is closed","url":"https://etfiq.com/trading/international/","dateModified":"2026-10-22","author":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"about":"ETF trading","isAccessibleForFree":true},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Can a foreign ETF trade when its markets are closed?","acceptedAnswer":{"@type":"Answer","text":"Yes. It trades through the U.S. day. Dealers price it from futures, currencies and related funds while its home market is shut."}},{"@type":"Question","name":"How does the price of a foreign ETF change?","acceptedAnswer":{"@type":"Answer","text":"With the expected value of its holdings when their market next opens, and the currency. Its NAV uses the last local closes."}},{"@type":"Question","name":"What is an international ETF?","acceptedAnswer":{"@type":"Answer","text":"An ETF holding companies outside the U.S. It trades in New York, often while its holdings\u2019 markets are closed."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Trading","item":"https://etfiq.com/trading/"},{"@type":"ListItem","position":3,"name":"International ETFs when the home market is...","item":"https://etfiq.com/trading/international/"}]},{"@type":"WebPage","name":"International ETFs: NAV When Markets Are Closed","description":"As of Oct 22, 2026, the median ETF whose holdings close before New York stayed within \u00b10.62% of net asset value on 95% of days. Funds struck at the New York close stayed within \u00b10.19%.","url":"https://etfiq.com/trading/international/","dateModified":"2026-10-22","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3766,"truncated":false,"content":"ETFIQ / Trading / International ETFs when the home market is... \n \n Figures as of Oct 22, 2026.\n International ETFs when the home market is closed\n As of Oct 22, 2026, the median ETF whose holdings close before New York stayed within \u00b10.62% of net asset value on 95% of days. Funds struck at the New York close stayed within \u00b10.19%.\n A fund of Japanese stocks trades in New York while Tokyo is shut.\n Its net asset value (NAV) uses Tokyo\u2019s closing prices, from hours earlier.\n So the ETF price moves on news the NAV has not seen. The gap is often the market pricing that news.\n Overlapping hours\n European markets close during the New York morning. Asian markets are shut for the whole U.S. day.\n While the home market is open, dealers can hedge in the holdings. Once it closes, they hedge with futures or related funds, and quotes can widen.\n What the figures show\n ETFIQ finds the gap to NAV that each fund stayed within on 95% of its days.\n As of Oct 22, 2026, 499 ETFs hold markets that close before New York. Their median range is \u00b10.62%.\n For 2,673 funds struck at the New York close, it is \u00b10.19%.\n Placing a trade\n A premium can mean the market expects the holdings to open higher. A discount can mean the reverse.\n The fair limit is midpoint + X\u00a2 to buy, midpoint \u2212 X\u00a2 to sell.\n X is half the fund\u2019s typical spread in cents, rounded up, and never less than 1\u00a2.\n The premiums guide explains how authorized participants (APs) hold the price near NAV.\n Live \u00b7 499 funds \u00b7 Oct 22, 2026 \n \u00b10.62% against \u00b10.19%\n The median range that held on 95% of days, for funds whose holdings close before New York, against funds struck at the New York close.\n Funds whose holdings close before New York 499 Their median 95% range \u00b10.62% Funds struck at the New York close 2,673 Their median 95% range \u00b10.19% Closes against NAV, each fund\u2019s own window, to Oct 22, 2026 \u00b7 ETFIQ\n Related funds\n VEA trading costs IEFA trading costs VXUS trading costs IEMG trading costs Related rankings\n ETFs with the most days more than 1% from NAV Questions people ask\n Can a foreign ETF trade when its markets are closed? Yes. It trades through the U.S. day. Dealers price it from futures, currencies and related funds while its home market is shut. How does the price of a foreign ETF change? With the expected value of its holdings when their market next opens, and the currency. Its NAV uses the last local closes. What is an international ETF? An ETF holding companies outside the U.S. It trades in New York, often while its holdings\u2019 markets are closed. Where to next\n ETF trading costs and liquidity Limit orders vs market orders for ETFs Why low volume does not mean illiquid Premiums and discounts to NAV Bond ETFs in a sell-off Stop orders and Aug 24, 2015 Leveraged and inverse ETFs: trading costs on top of decay Trading a new ETF in its first weeks Ex-dividend days and income ETFs Buffer ETFs: reset day and buying mid-period How to read the IQ Liquidity Score How the IQ Liquidity Score is built A guide to trading conditions, not advice. ETFIQ makes no recommendations. Standards and sources \n Cite this page. ETFIQ, International ETFs when the home market is closed, data as of Oct 22, 2026. https://etfiq.com/trading/international/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, International ETFs when the home market is closed, data as of Oct 22, 2026. https://etfiq.com/trading/international/ APA ETFIQ. (Oct 22, 2026). International ETFs when the home market is closed. Retrieved from https://etfiq.com/trading/international/ Markdown [International ETFs when the home market is closed (ETFIQ, Oct 22, 2026)](https://etfiq.com/trading/international/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, International ETFs when the home market is closed, data as of Oct 22, 2026. https://etfiq.com/trading/international/"}