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Lyxor launches ETF on JPX-Nikkei 400, designed as a new efficient benchmark for Japanese equities

The JPX-Nikkei 400 index is a fundamental index selecting stocks principally based on their return-on-equities and operating earnings, and favouring companies that have adopted superior standards of governance and transparency.

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The LYXOR UCITS ETF JPX-Nikkei 400 will be listed today on Euronext Paris and on the London Stock Exchange on 24 September.

This index is already considered as the reference benchmark for the Japanese market: the GPIF (the Government Pension Investment Fund) stated in April 2014 that it had included the JPX Nikkei-400 index among its new benchmarks.

The benchmark is expected to encourage Japanese companies to take appropriate actions to create greater value to shareholders and improve governance. Its philosophy is fully consistent with Japanese government’s commitment to enhance structural reforms and BOJ action to raise Japan growth potential. As such, it is expected to receive strong endorsement from policy makers and investors in Japan and attract international investors.

The ETF (Bloomberg ticker: JPX4 - ISIN FR0012144582) applies a Total expense ratio of 0.25% per annum.

Next Finance , September 2014

Article also available in : English | français

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