ETF linked to Indian stocks to be listed on November 26 NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund …..
Today, the Tokyo Stock Exchange approved the listing of the “NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund” managed by Nomura Asset Management Co., Ltd.. The ETF is planned to be listed on Thursday, November 26, 2009.
This is the first ETF linked to Indian stocks to be listed on markets in Japan. The “S&P CNX Nifty Index” to which the ETF is linked is comprised of the 50 premier issues of the National Stock Exchange of India.
|Code||1678 (ISIN JP3047100007)|
|Name||NEXT FUNDS S&P CNX Nifty Linked Exchange Traded Fund|
|Fund Administrator||Nomura Asset Management|
|Listing Date||November 26, 2009|
|Trading Unit||100 units|
|Underlying Index||S&P CNX Nifty Index|
TSE entered into a memorandum of understanding with the National Stock Exchange of India on October 15, 2006. Through this ETF, TSE hopes to supply investors with better access to the Indian securities market and contribute to the development of the markets in both of our countries.
With this listing there will be a total of 69 ETFs listed on the Tokyo market, bringing us closer to the goal of 100 listed ETFs by fiscal year 2010, as laid out in the Medium-Term Management Plan. TSE will continue working to diversify the ETF market and improve the convenience of our market for all investors.
Source: ETFWorld – TSE