Nomura Asset Management to List Japan’s First Actively Managed ETFs

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Nomura Asset Management has received approval from the Tokyo Stock Exchange to launch the first two actively managed exchange-traded funds (ETFs) in Japan. The Next Funds Japan Growth Equity Active ETF and the Next Funds Japan High Dividend Equity Active ETF are scheduled to commence trading on September 7.

The Japan Growth Active ETF evaluates companies based on business model, management strategy, and financial strategy to invest mainly in equities with high expected returns over the medium to long term.

The Japan High Dividend Active ETF aims for medium to long-term total returns by capturing stable dividends and flexible gains in stock prices. These ETFs will have respective annual management fees of 0.6875% and 0.5225%, and a minimum investment of around ¥2,000 per unit ($13.68).

Japan’s move to list active ETFs follows a trend already established outside of Japan, particularly in the US. These products are subject to daily disclosures and do not allow inverse active funds under Japan’s listing rules for active ETFs.

ETF Newz Says:

Nomura AM’s launch of Japan’s first two active ETFs is anticipated to provide investors with more investment options, especially as Japan’s Nippon Individual Savings Account (Nisa) scheme is set to expand and facilitate asset transfers between generations. Nisa is a tax exemption program for small individual investments that supports asset building by individual investors.

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