Nomura Asset Management Co., Ltd. (NAM), the core company within the Investment Management Division of Nomura Group, today announced 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 index consisting of 150 top-valued stocks listed on the TSE Prime Market. The stocks are selected to measure value creation from two perspectives: capital profitability based on financial performance and market valuation based on future 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 securities dealers and traders in Japan.
The minimum investment amount for the ETF is expected to be approximately 5,000 yen (per 10 units).
