Nikko Asset Management Co. Ltd. (Nikko AM) (Timothy F. McCarthy, Chairman and CEO) announced today that OR Apri! 27 it will launch the.…
Listed Index Fund FTSE Japan Green Chip 35, an exchange-traded fund (ETF) that invests in representative Japanese firms who are active in environment related businesses. The listing OR the Tokyo Stock Exchange (TSE) is pianned for April 28.Nikko AM is offering Japan’s first ETF that invests in environment-related stocks (“eco ETF”) amid heightened giobai interest in environmental measures. With the launch of the Nikko Eco Fund in 1999, Nikko AM became first to offer an eco fund in Japan. Since then, the company has remained thè pioneer in this fiele! through efforts such as the devepement of several Socialiy Responsible Investment (SRI) funds.
Listed index Fund FTSE Japan Green Chip 35 seeks retums that closely follow the movements of the FTSE Japan Green Chip 35 Index. The FTSE Japan Green Chip 35 Index is a stock price index calculated based on thè floation-adjusted market capitalìzation of 35 representative companies from thè FTSE Japan All Cap index* universe which are involved in key environmental sectors including reduction of greenhoiise gases, water technologies and pollution control, and waste technologies and resource management.
Recently, countries in Europe, North America, and Asia have announced a series of “Green New Deal” policies designed to simultaneously dea! with environmental issues and support their economies and emptoyment situations by making priority investments in the environmental sector.
In Japan, too, the Ministry of Environment and other poiicymakers are considering a “Japanese Green New Deal.” Under these policies, sectcrs identified for investrnent include nexi-generation automobiìes, solar batteries, and alternative energy sources. There are a number of Japanese firrns who boast significant market share and sure-footed technological advantage in these sectors. Such firms are expected to be included among the constìtuent issues in thè FTSE Japan Green Chip 35 Index.
In August 2008, Nikko AM establsshed thè ETF Center, an organization exclusively dedicated to ETFs. The ETF Center has been working strategicalìy to develop new ETFs, expand services for investors, and enhance coordination with retevant institutions.
Nikko AM will continue to imprdve its ETF lineup in order to enhance the convenience of investing for investors.
Source: ETFWorld.co.uk – Nikko Asset Management Co., Ltd
Subscribe to Our Newsletter
