NYSE Euronext (NYX) today announced that Northern Exchange Traded Shares (NETS) Trust listed the NETStm Tokyo Stock Exchange REIT Index Fund on NYSE Arca.
This is the first-ever ETF linked to a Japanese Real Estate Investment Trust (REIT) to come to the US markets. The NETStm Tokyo Stock Exchange REIT Index Fund joins NYSE Arca under the ticker symbol “JRE”.
"We welcome NETS™ Tokyo Stock Exchange REIT Index Fund to NYSE Arca," said Lisa M. Dallmer, SVP, Global Index and Exchange Traded Products, NYSE Euronext. "As the world’s leading, most international exchange group listing NETS funds, offering our venue to NETS and the NETS product strategy brings investors another opportunity to look beyond home-country bias and extend their portfolio to international investing."
Peter K. Ewing, head of Northern Trust Global Investment’s ETF business, said: “This latest launch is testament to our ability to develop meaningful, long-term partnerships with international exchanges, in turn giving us market differentiation and a competitive edge.”
As an industry leader in ETF and ETN listings and trading, exchange traded products listed on NYSE Arca represent 55% of ETF and ETN assets under management in the U.S. , nearly $591 billion, the most of any exchange.
