ETF in large REIT is going to be generated from Nomura finally. In case of ETF generation and REIT futures, a same amount as well as generation of ETF, with the selling point of for hedge is applied certainly For this to evade the downside risk by which the ETF sale side is at the time of ETF generation. The mechanism a same amount is to repurchase futures at the same time as ETF can be sold, and that a position of hedge will be a zero. A ETF generation brokerage firm can have a handling charge of ETF and an entrusting reward by No risk by a little cost by doing it this way.