Nomura Asset Management Co., Ltd. (NAM), the parent company in the Investment Management division of the Nomura Group, announced today that it will launch a new ETF designed to track the performance of the JPX Prime 150 Index.
The JPX Prime 150 Index is a stock market index consisting of 150 top value stocks listed on the TSE Prime Market. Stocks are selected to measure value creation from two perspectives: return on capital based on financial performance and market valuation based on forward-looking and non-financial information.
The ETF was today approved for listing by the Tokyo Stock Exchange (TSE) with a listing date of March 18, 2024. From the listing date, investors will be able to trade the ETF on the TSE through dealers and securities dealers in Japan.
The minimum investment amount for the ETF is expected to be around ¥5,000 (per 10 units).