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Lyxor launches currency-hedged ETF share class on JPX-Nikkei 400, the new benchmark for Japanese equities

Lyxor announces the launch of the first currency hedged ETF share class tracking the JPX-Nikkei 400 index, the LYXOR UCITS ETF JPX-Nikkei 400 Daily Hedged C-EUR, listed today on Euronext Paris.

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This new ETF offer follows the successful launch of the non-hedged share class tracking the JPX-Nikkei 400 index. Lyxor was one of the first ETF providers to offer investors access to this Japanese equity benchmark via an ETF, ranking first in terms of Net New Assets with more than 300 M EUR [1] collected on the fund since its launch in September 2014.

Fluctuations in currency exchange rates can lead to significant divergence between the index returns in local currency and the non-hedged ETF returns in a different listing currency.

The EUR-hedged share class offers the simplicity of a daily currency hedge mechanism that is embedded in the investment product, representing an efficient solution to manage the foreign-exchange risk. The currency hedge will offset the impact arising from the fall/rise in the local currency of the index vs. the Euro.

The JPX-Nikkei 400 index is already considered as the reference benchmark for the Japanese market, selecting stocks mainly according to their return-on-equities and operating earnings, and favouring companies that have adopted superior standards of governance and transparency.

The EUR currency-hedged share class (Bloomberg ticker: JPXH FP - ISIN FR0012154821) applies a Total expense ratio of 0.25% per annum. Lyxor plans to expand its ETF range shortly with the listing of shares classes hedged in other currencies.

Next Finance , February 2015

Article also available in : English | français

Footnotes

[1] Source: Bloomberg, as of January 16th, 2015

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