ETFs are funds listed and traded on stock exchanges, which are commonly referred to as "listed investment trusts" in Japanese. Like stocks, investors can trade ETFs on stock exchanges through securities companies.
ETFs aim for "asset management linked to specified stock price indexes, etc.," and as such, have the quality of very closely tracking the market prices of the underlying stock price index, etc.
"NEXT FUNDS Ibovespa Linked Exchange Traded Fund" ETF managed by Nomura Asset Management Co., Ltd. and the "Daiwa ETF・TOPIX-17" , a group of 17 ETFs managed by Daiwa Asset Management Co. Ltd., are slated to list on the Tokyo Stock Exchange on July 17, 2008, and July 23, 2008, respectively.
ETF management company websites:
NEXT FUNDS Ibovespa Linked Exchange Traded Fund Nomura Asset Management Co.,Ltd.
Daiwa ETF TOPIX-17 Daiwa Asset Management Co.Ltd.
Daiwa ETF TOPIX-17 Daiwa Asset Management Co.Ltd.
In its medium term management plan, the TSE set a goal of 100 ETFs listed on the TSE within the next three years. We will continue to make efforts to diversify our ETF lineup in order to live up to the expectations of investors.
Source: TSE June 26,2008
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