Nomura, Asia’s investment bank, has launched the Nomura Nikkei 225 Euro-Hedged UCITS Exchange Traded Fund and the Nomura Nikkei 225 US Dollar-Hedged UCITS Exchange Traded Fund on the London Stock Exchange for investors in European markets.
The investment objective of the funds is to track the performance of the recently launched Nikkei 225 Total Return US Dollar and Euro-hedged indices, which reference the most liquid equities traded on the Tokyo Stock Exchange.
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Offering the ETFs in US Dollar and Euro-hedged formats will allow investors to gain exposure to Japanese equities, while reducing the impact of exchange rate fluctuations.
The ETFs are part of Nomura’s NEXT FUNDS range, which offer physical replication of benchmark indices in various asset classes. Today’s launch marks the first time NEXT FUNDS will be distributed outside Japan and in UCITS format.
The launch is the result of collaboration by Nomura Asset Management ("NAM") and Nomura Alternative Investment Management Europe (NAIM).
Mike Ward, head of equity sales, EMEA, at Nomura, said: "Providing access to Asia is a key differentiator for Nomura, and the launch of the US Dollar and Euro-hedged Nikkei 225 UCITS ETFs reflects the broad level of interest in Japanese equities among our international clients."
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By GlobalDataPietro Poletto, head of fixed income, London Stock Exchange Group, said: "This is the first European ETF listed by the firm on London Stock Exchange, which further demonstrates London’s position as the pre-eminent European destination for issuers and investors."
NAM is an asset management company in Japan, with assets under management in excess of US$300bn (as of 30 September 2014). NAIM is an investment management company within the Nomura group.
