17/09/2014
Lyxor launches an ETF on the JPX-Nikkei 400
p { margin-bottom: 0.1in; line-height: 120%; } Lyxor is stealing a march on Source. Following in the footsteps of its rival (see Newsmanagers of 15 September), the French asset management firm has launched an ETF on Euronext Paris based on the JPX-Nikkei 400 index. The vehicle, entitled Lyxor Ucits ETF JPX-Nikkei 400 (Bloomberg ticker: JPX 4 – ISIN FR0012144582), will be listed on the London Stock Exchange on 24 September, Lyxor says in a statement. The JPX-Nikkei 400 is a fundamental index which selects companies largely on the basis of returns on owners’ equity and operating profits. It prefers companies which have adopted stricter standards in terms of governance and transparency. “This index is already considered a reference for the Japanese market: the Government Pension Investment Fund (GPIF) in April 2014 announced that it had added the JPX Nikkei-400 to its new benchmark indices,” Lyxor states. The JPX-Nikkei 400 index aims to encourage Japanese companies to invest more in creating value for shareholders and to improve their governance. Its concept is perfectly in line with the engagement of the Japanese government to intensify structural reforms, and the Bank of Japan (BoJ) measures to give a new impetus to growth in Japan. It can therefore be expected to receive the decided support of Japanese political decision-makers and investors, and to attract international investors. The LYXOR Ucits ETF JPX-Nikkei 400 fund charges management fees of 0.25% per year.
