Nomura to launch new ETF tracking performance of JPX JGB Futures Double Inverse Index
Nomura Asset Management Co., Ltd. (NAM), the core company within the Investment Management Division of Nomura Group, today announced that it will launch a new ETF designed to track the performance of the JPX JGB Futures Double Inverse Index. The ETF is the first bond-inverse ETF in Japan.
The ETF was today approved for listing by the Tokyo Stock Exchange (TSE) with a listing date of June 23, 2023. From the listing date, investors will be able to trade the ETF on the TSE through securities dealers and traders in Japan.
The minimum investment amount for the ETF is expected to be approximately 7,500 yen (per 10 units).
The ETF is part of Nomura’s NEXT FUNDS range and brings the total to 68.
