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Nomura Asset Management to launch JPX-Nikkei 400 ETFs

Nomura Asset Management Co., Ltd., announced a plan to launch three new exchange traded funds (ETFs) designed to track the performance of the JPX-Nikkei 400 Leveraged (2x) Index, JPX-Nikkei 400 Inverse (-1x) Index and JPX-Nikkei 400 Double Inverse (-2x) Index.

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Nomura Asset Management Co., Ltd., Japan’s largest asset management company and a wholly owned subsidiary of Nomura Holdings, Inc., today announced a plan to launch three new exchange traded funds (ETFs) designed to track the performance of the JPX-Nikkei 400 Leveraged (2x) Index, JPX-Nikkei 400 Inverse (-1x) Index and JPX-Nikkei 400 Double Inverse (-2x) Index.

Named "NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund" (ticker: 1470), "NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund" (ticker: 1471), and "NEXT FUNDS JPX-Nikkei 400 Double Inverse Index Exchange Traded Fund" (ticker: 1472) respectively, the ETFs were today 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.

† “NEXT FUNDS” is the brand name for the ETF product range of Nomura Asset Management Co., Ltd., representing “Nomura Exchange Traded Funds”.

Next Finance , August 2015

Article also available in : English | français

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