Amundi ETF is adding to its Japanese equity range by offering an ETF, listed on Euronext Paris, which tracks the JPX-Nikkei 400 Total Net Return Index.
This ETF is offered with a TER of only 0.18%, the lowest in the market for this exposure, and is available in both EUR and JPY share classes. The JPX-Nikkei 400 is a highly innovative index that comprises large and mid-cap Japanese listed companies, selected for best practice in terms of both governance and value creation for investors.
The index constituents are selected according to quantitative and qualitative criteria: last three-year average ROE (Return on Equity), last three-year cumulative operating profits, market capitalization, and corporate governance. In the interests of investors, it aims to help improve the capital efficiency of Japanese companies and promote transparency.
This index has already been broadly adopted by the Bank of Japan and the public pension fund GPIF (Government Pension Investment Fund) as a reference within their asset allocation to indexed funds.
Valérie Baudson, Global Head of ETF and Indexing at Amundi, says: “The JPX-Nikkei 400 Index could become the future benchmark for the Japanese equity market and we are delighted to propose an ETF tracking it at the lowest price in the market”.