Japan’s Nomura Asset Management is to list four exchange-traded funds (ETFs) in Switzerland and says it is scoring a first for any Asian provider with the move.
The ETFs, to be listed on the Swiss exchange SIX, will track Nikkei 400 and 225 indices and will appear in dollar-hedged or euro-hedged guises.
The listings are part of Nomura’s $64 billion (€59 billion) ‘next funds’ fund range, which have already listed in London.
Nomura has assets under management of $300 billion making it one of the largest asset managers in Japan.
Shin Asano, president and chief executive officer of Nomura bank in Switzerland, said: “Nomura is focused on connecting the markets east and west.”
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