Nomura Asset Management to list new ETF tracking Solactive Global Memory Index (Total Return)
Nomura Asset Management Co., Ltd., the core company within the Investment Management Division of Nomura Group, today announced that it has listed a new ETF designed to track the Solactive Global Memory Index (Total Return).
From today, investors can trade the ETF on the Tokyo Stock Exchange (TSE) through securities dealers and traders in Japan.
The Solactive Global Memory Index (Total Return) represents securities of companies active in the memory industry that are listed in developed markets, including South Korea and Taiwan. Constituents must have significant business exposure to related segments, such as memory devices and storage systems, and derive the majority of their revenues from these activities. The index comprises the 20 largest companies by market capitalization, weighted by market cap, with a maximum weight of 25% for any one constituent.
