TSE News

New Listing of First ETFs Created by Norinchukin Zenkyoren Asset Management Co., Ltd. ~ NZAM ETF J-REIT Index, NZAM ETF TOPIX Ex-Financials~

Update : Mar. 07, 2014


[Tokyo Stock Exchange, Inc.]

Logo marks

Today, Tokyo Stock Exchange, Inc. (TSE) announced that "NZAM ETF J-REIT Index" (Code: 1595) and "NZAM ETF TOPIX Ex-Financials" (Code: 1596) managed by Norinchukin Zenkyoren Asset Management Co., Ltd. (NZAM) were listed on the TSE market.

Code Issue Name Underlying Index Trading Unit
1595 NZAM ETF J-REIT Index Tokyo Stock Exchange REIT Index 10 units
1596 NZAM ETF TOPIX Ex-Financials TOPIX Ex-Financials 10 units

These are the first ETFs managed by Norinchukin Zenkyoren Asset Management Co., Ltd. which is both a subsidiary of Norinchukin Bank and a member of the National Mutual Insurance Federation of Agricultural Cooperatives. Both entities are some of the biggest institutional investors in Japan.

The underlying indicators are "Tokyo Stock Exchange REIT Index" and "TOPIX Ex-Financials." "Tokyo Stock Exchange REIT Index" represents the overall real estate investment trust market of Japan. ETFs tracking this indicator offer the possible merit of receiving relatively high dividends. "TOPIX Ex-Financials" is composed of the common stocks listed on TSE First Section except for the "Banks" "Securities and Commodities Futures," "Insurance " and "Other Financing Business" sectors. Therefore, ETFs tracking this indicator comply with Basel III's so-called "double-gearing problems," and also achieve performance close to that of TOPIX.

The listing ceremony for the ETFs was held at Tokyo Stock Exchange today, with related parties in attendance.

Mr. Takatani, Chairman & CEO of NZAM commented, "We are so delighted to have our first ETF listed in Tokyo Stock Exchange. The total amount of ETF in Japan had an increase of about 4trillion yen in previous year, which shows investors’ high expectation toward ETF. We will continuously make a full effort to provide a wide variety of products in order to fulfil investors’ needs."

Mr. Kiyota, President & CEO of TSE, commented "We are delighted to welcome the new ETFs ‘NZAM ETF J-REIT Index’ and ‘NZAM ETF TOPIX Ex-Financials’ to our market today, and also very glad to welcome Norinchukin Zenkyoren Asset Management Co., Ltd. to our ETF market. We are strongly confident that these two ETFs will be useful tools for investors to expand their options when implementing investment strategies. TSE will continue working to provide a much more convenient market for all investors."

About Norinchukin Zenkyoren Asset Management Co., Ltd.

Norinchukin Zenkyoren Asset Management Co.,Ltd.(NZAM) was established in October 1985 by the Norinchukin Bank and Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives), both of which are one of Japan’s leading institutional investors, and initially started as an investment advisory company. Since our inception, we have offered suitable investment advisory service focusing especially on institutional investors.
Through the globalization of financial markets, investors that confront with lower-return and complexity of risk control seek for more sophisticated investment measures to maximize returns by their diversified investment opportunities. Our mission is to provide the best solution to our clients, pursuing investment opportunities with practical expertise.
We believe that NZAM’s disciplined investment service is worthy for our clients and will sustain and enhance our value trusted by investors.

*The descriptions in this publication are intended solely for the purpose of providing information on NZAM ETF J-REIT Index, NZAM ETF TOPIX Ex-Financials. Losses may be incurred due to fluctuation of prices, etc. of these ETFs. When trading these ETFs investors must carefully review the documents regarding exchange listed securities, etc., provided by their financial services provider, and must trade on their own responsibility based on their own judgment only after fully understanding the product qualities, the trading mechanism, relevant fees, the risk involved, etc. While every effort is taken to ensure the accuracy of the information contained in this publication, Norinchukin Zenkyoren Asset Management Co.,Ltd. and Tokyo Stock Exchange, Inc. shall not guarantee, nor assume responsibility/liability for any damages caused by any errors or omissions.


Norinchukin Zenkyoren Asset Management Co.,Ltd.

Tokyo Stock Exchange, Inc., New Listing Dept.

Top of Page