Nikko Asset Management Co., Ltd. (Nikko AM) today announces the 13 March launch of a new yen-hedged exchange traded fund (ETF) linked to the Dow Jones Industrial Average. The new offering is called the Listed Index Fund US Equity (Dow Average) Currency Hedge (Code: 2562). The fund is scheduled to be listed on the Tokyo Stock Exchange (TSE) on 18 March. It will feature a yen hedge against the dollar-denominated Dow. The mother fund will largely invest in U.S. equities, while the ETF will primarily engage in currency hedging.
Nikko Asset Management (Nikko AM) has won four categories at the Asia Asset Management 2020 Best of the Best Country Awards - selected in Japan for Fund Launch of the Year, Best Retail House, and ETF Manager of the Year. The company also won ETF Manager of the Year in Singapore. The recognitions cover the period ending November 2019, and mark the seventh consecutive year Nikko AM was awarded by Asia Asset Management, The Journal of Investments and Pensions, regarded as one of the most influential publications about the asset management industry in Asia.