ETFs

ETFs on TSE

Update : Dec. 20, 2011

As part of ongoing efforts to expand our roster of products, Tokyo Stock Exchange (TSE) introduced an exciting new ETF market on 1 July 2001. 'ETFs on TSE' is designed to give background information to help first time users understand this new market, as well as details about specific ETFs listed on the TSE market.

ETF News

2012/01/11	New ETF to be Listed on Mar. 30, 2012 (Fri.) - Nikko Asset Management Co., Ltd. "Listed Index Fund Emerging Bond"-
2011/12/02	New ETF to be Listed on Dec. 22, 2011 (Thu.) - Simplex AM "Nikkei 225 Covered Call ETF" -
2011/11/29	New Listing of ETF managed by Simplex Asset Management Co., Ltd. (TSE Mothers Core ETF)
2011/11/11	New ETF to be Listed on Nov. 29, 2011 (Tue.) - TSE Mothers Core ETF (managed by Simplex Asset Management Co., Ltd.)-
2011/11/04	New Listing of First ETF Created by Sumitomo Mitsui Asset Management Company, Limited (YOURMIRAI TOPIX Asia Focus ETF)
2011/10/17	New ETF to be Listed on Nov. 4, 2011 (Fri.) - TOPIX Asia Focus ETF (managed by Sumitomo Mitsui Asset Management Company, Limited.)-
2011/09/21	Barclays lists 10th Exchange Traded Note on the Tokyo Stock Exchange - Barclays iPath® ETN series -
2011/09/06	Barclays lists Seven Commodity-Related Exchange Traded Notes on the Tokyo Stock Exchange - Barclays iPath(R) ETN series -
2011/09/02	New Exchange Traded Notes (ETNs) to be Listed (iPath® S&P 500 VIX Short-Term Futures™ Index Total Return managed by Barclays Bank PLC)
2011/08/23	Barclays lists Japan's first Exchange Traded Notes on Tokyo Stock Exchange - Barclays iPath® ETN series -

ETF Trading to Aid Recovery

Tokyo Stock Exchange Group, Inc. will donate an amount equivalent to the trading fees from ETF trading during the period from April through September 2011 in support of recovery from the Great East Japan Earthquake.

Listed ETFs（Indicative NAV）

Tokyo Stock Exchange (TSE) has begun calculating and publishing real-time Indicative Net Asset Value (Indicative NAV) per share for Exchange Traded Funds (ETFs) from April 11, 2011.

ETFs to Be Subject to Calculation/Publication

TSE Indicative NAV can be found on the website below.

• Real-time dissemination of "TSE Indicative NAV"

• (*)Indicative NAV information is updated every 15 seconds.

• (*)PCF can be downloaded by clicking ETF name.
  For details, please refer to "ETF Portfolio Composition File (PCF) Contents" below.

ETF Portfolio Composition File (PCF) Contents

What are "ETFs"?

ETFs (Exchange Traded Funds) are funds or investment trusts that hold portfolios of stocks, which closely trace the movements of a specific underlying stock index. ETFs can be bought and sold on the exchange just like stocks. The prices of ETFs are designed to correspond to the underlying stock indices, so are readily accessible to investors who can easily follow the performance of the indices in the media. Since ETFs are based on broad stock indices, they may offer investors relatively lower risk than investing in individual stocks.

Additional ETFs may be created by depositing portfolios of stocks ("in-kind subscription") with trustees, and they may also be redeemed for portfolios of stocks ("in-kind redemption"). ETFs are therefore useful arbitrage tools for broker/dealers and institutions. This characteristic is expected to contribute to greater liquidity and to help ensure efficient price formation in both the underlying cash equities and index futures markets.

Expansion of Investor Base and Trading Opportunities

Due to the unique product characteristics of ETFs, they are also expected to attract more individuals to the stock market, especially those who have little experience in stock investment. And as stated above, ETFs will provide broker/dealers and institutions with more trading opportunities.

TSE will continue to engage in promotion and marketing activities relating to TSE ETF market in order to expand the investor base and increase liquidity in the market.

• Indices (Market Information)