New York (HedgeCo.net) – Japan hedge fund manager, Nikko Asset Management Co., Ltd. has launched three new exchange traded funds (ETFs) which began trading on 22 October 2010. With the addition of these three ETFs, Nikko AM has now a total of 17 ETFs in its line-up.
“We are delighted to announce the addition of three new ETFs to our current stable.” Koei Imai, Head of Nikko AM’s ETF center, said, “The areas that these funds cover are of great interest to investors, so we thought it was time to offer our clients exposure to equities in India and the US alongside a second opportunity to gain exposure to Chinese HKSE-listed companies.”
The “Listed Index Fund US Equity” (“Listed S&P 500 US Equity”) tracks the S&P 500 index, one of the most recognised US equity indices. It is the first S&P 500-linked ETF listed on a stock exchange in Japan.
The “Listed Index Fund China H-share” (“Listed China Equity”) is linked to mainland Chinese companies listed on the Hong Kong Stock Exchange (HKSE). Just like investing directly in China A-shares, this ETF will allow investors to capture the movements of stock prices of mainland Chinese companies.
The “Listed Index Fund S&P CNX Nifty Futures” (“Listed India Equity”) invests in futures contracts based on a popular Indian equity index.
“Our sustained growth as an ETF provider shows the popularity of low-risk, transparent, and diversified products. Nikko AM will continue to further expand its line-up of equity and fixed income exchange-traded products, in order to offer a wider range of investment opportunities to qualified investors.” Imai added.
The hedge fund also provides broader investment opportunities to investors through ETFs in various asset classes, such as Japanese equities, equities in developed and emerging countries, developed countries bonds and J-REITS.
Editing by Alex Akesson
For HedgeCo.net
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