The Tokyo Stock Exchange has granted Nomura Asset Management approval to list Japan’s first actively managed exchange traded funds (ETFs).
The NEXT FUNDS Japan Growth Equity Active ETF and the NEXT FUNDS Japan High Dividend Equity Active ETF will list on 7 September 2023, after which investors will be able to trade the two funds through securities dealers and traders in Japan.
The NEXT FUNDS Japan Growth Equity Active ETF invests primarily in stocks with high projected returns on equity in the medium to long term. The NEXT FUNDS Japan High Dividend Equity Active ETF is designed to capture stable dividends and flexible gains in stock prices in order to achieve medium- and long-term total returns.
ETFs disclose their constituent stocks daily, ensuring transparency, and reduce trade complexity and costs for investors. As actively managed ETFs, the funds will also benefit from stock selection.
