TSE News

2 JPX-Nikkei Index 400 ETFs to be Listed on Jan. 28, 2014 (Tue.)

Update : Jan. 08, 2014


[Tokyo Stock Exchange, Inc.]

Today, Tokyo Stock Exchange, Inc. (TSE) approved the listings of ETFs managed by "Nomura Asset Management Co., Ltd." and "Nikko Asset Management Co., Ltd." The 2 ETFs will be listed on Tuesday, January 28, 2014. These are the first listings of ETFs tracking the JPX-Nikkei Index 400 in Japan.

Mr. Toshihiro Iwasaki, Chairman & CEO of Nomura Asset Management Co., Ltd. said, " We are highly honored that the listing for “NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund” has been approved by Tokyo Stock Exchange (TSE). “JPX-Nikkei Index 400”, referred by the ETF, is a new index in that it selects stocks from TSE listed companies, considering ROE and management’s perspective of investors and so on. We hope that the ETF would be widely utilized by investors as a new tool for Japanese equity investment as well as would like to contribute to the Japanese stock market by providing the ETF linked to the index selecting stocks based on profitability and engagement with corporate governance."

Mr. Takumi Shibata, Representative Director & Chairman of Nikko Asset Management Co., Ltd. commented, "We are very pleased that the JPX-Nikkei Index 400, a new Japanese stock index focused on medium-term corporate profitability, has been successfully introduced. Nikko Asset Management is proud to make “the Listed Index Fund JPX-Nikkei Index 400” available to investors as an exchange-traded fund listed on the Tokyo Stock Exchange. This is excellent news for both retail and institutional investors as the new ETF allows investors to access a diversified portfolio of companies with good prospects for medium-term profitability, through the convenience of the ETF market. We will continue to endeavor to offer more cutting-edge products in the future."

TSE President & CEO Akira Kiyota said, "I am delighted that we have today approved the first pair of ETFs tracking the JPX-Nikkei Index 400. As you may know, this index is made up of 400 highly attractive listed companies that satisfy criteria required by global investors such as efficient capital use, and it has been gaining a lot of interest from the market. I believe that these two products will be able to meet the needs of many investors and I hope that the listings of these two ETFs will enhance the appeal of the Tokyo market and further invigorate trading."

Management Company Nomura Asset Management Co., Ltd. Nikko Asset Management Co., Ltd.
Code 1591 1592
Issue Name NEXT FUNDS JPX-Nikkei Index 400 Exchange Traded Fund Listed Index Fund JPX-Nikkei 400
Underlying Index JPX-Nikkei Index 400 JPX-Nikkei Index 400
Trading Unit 1 unit 1 unit
Listing Date Jan. 28, 2014(Scheduled) Jan. 28, 2014(Scheduled)

TSE will continue working to diversify the ETF and ETN market, and improve the convenience of our market for all investors.

About JPX-Nikkei Index 400

The new index was launched on January 6, 2014 by Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc., and Nikkei Inc. The index is composed of 400 TSE-listed issues from the 1st Section, 2nd Section, Mothers and JASDAQ selected based on investment appeal. They meet the requirements of global investors, such as efficient use of capital and investor-focused management perspectives. The new index is designed to promote the appeal of Japanese corporations domestically and abroad while encouraging the continued enhancement of corporate value, and thereby achieve the larger aim of revitalizing the Japanese stock market. For more details, please refer to the website below.

Please refer to the pages below.


Tokyo Stock Exchange, Inc.
Product Development Group, New Listings Department
Tel: +81-3-3666-0141

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