Nomura Asset Management to launch JPX-Nikkei 400 ETF's

Nomura Asset Management, Japan’s largest asset management company and a wholly owned subsidiary of Nomura Holdings Inc, has announced a plan to launch three new exchange traded funds (ETFs) designed to track the performance of the JPX-Nikkei 400.

ETF’s are gaining more favour with Asian investors and several industry heavyweights including Cerulli recently forecasted that ETF’s and other index-tracking funds will form the basic building blocks for model portfolios.

The ETFs were approved for listing by the Tokyo Stock Exchange (TSE) with a launch date of August 21 and a listing date of August 24. From the listing date, investors will be able to trade the ETFs on the TSE through securities dealers and traders in Japan.

The ETFs can be subscribed and redeemed only in cash, pursuant to the relevant Japanese tax regulations. The ETFs are part of Nomura’s NEXT FUNDS range, which will total 50 funds with the new listings.

 

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