Nikko Asset Management has launched three new exchange traded funds which began trading on 22 October.
With the addition of these three ETFs, Nikko AM has now a total of 17 ETFs in its line-up.
The Listed Index Fund US Equity tracks the S&P 500 index. It is the first S&P 500-linked ETF listed on a stock exchange in Japan.
The Listed Index Fund China H-share is linked to mainland Chinese companies listed on the Hong Kong Stock Exchange. 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 invests in futures contracts based on a popular Indian equity index.
Koei Imai, head of Nikko AM’s ETF centre, says: “We are delighted to announce the addition of three new ETFs to our current stable. 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.”