Nomura launches USD and EUR-hedged JPX-Nikkei 400 UCITS ETFs

Nomura today announces the launch of the “Nomura JPX-Nikkei 400 Daily EUR-Hedged UCITS Exchange Traded Fund” and the “Nomura JPX-Nikkei 400 Daily USD-Hedged UCITS Exchange Traded Fund”. The ETFs are listed on the London Stock Exchange and are available to investors in key European markets…

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The investment objective of the funds is to track the performance of the recently launched JPX-Nikkei 400 Total Return US dollar and Euro-hedged indices. Offered in EUR–hedged and USD-hedged formats, the ETFs will allow investors to gain exposure to Japanese equities, while reducing the impact on their portfolios of potential JPY depreciation against those currencies.

The JPX-Nikkei 400 Total Return Index spearheads a new generation of benchmarks, with the objective of increasing the appeal of Japanese equities by including companies with high and sustainable dividend yields; encouraging better corporate governance and capital efficiency. The selection criteria are based on return on equity, governance, size and liquidity. The index is calculated on a free-float adjusted market capitalisation weighted basis.

The ETFs are part of Nomura’s US$52.7 billion NEXT FUNDS range, which offer physical replication of benchmark indices in various asset classes.

These additions represent a further step in the international expansion of NEXT FUNDS into the UCITS ETF market, following the launch in January of the “Nomura Nikkei 225 Euro-Hedged UCITS ETF” and the “Nomura Nikkei 225 UCITS US Dollar-Hedged ETF”.

Mike Ward, Head of Equity Sales, EMEA, at Nomura, said: “These new ETFs provide best-in-class access to Japanese equities for our international clients, while allowing them to hedge currency risk. They are a direct response to the broad-based interest in Japanese equities among the international investor community.”


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