An Exchange Traded Fund (ETF) based on FTSE Japan has been introduced by Nomura Asset Management Company Ltd (NAM). The new product will begin trading tomorrow, July 04, on the Osaka Securities Exchange. This will be followed closely on July 15th by the launch of a FTSE Japan Futures contract also traded on the Osaka Stock Exchange.
As part of the FTSE All-World series, FTSE Japan Index Futures are designed to meet the requirements of global money managers and is an ideal tool to hedge Japanese market exposure and to reduce tracking error. FTSE Japan Index is free float adjusted, liquidity tested and managed by an independent committee to provide the most transparent and predictable view of the market.
Graham Colbourne, Chairman of FTSE Asia Pacific said, "These two new products enhance FTSE's position in the Asian market. Funds benchmarked to the FTSE All-World now have an effective tool to manage their investment in Japan."
Mr Yasuyuki Kato, Head of Global Quantitative Research at Nomura Securities said "We are delighted to launch this product on FTSE Japan and to add it to our current Japan Equity ETF range. This strengthens Nomura's ETF product range and gives international investors much easier access to the Japanese equity market".
