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Products July 13, 2011
Precidian Funds Releases Nikkei 225 ETF
July 13, 2011 (PLANSPONSOR.com)
- Precidian Funds LLC has announced the launch of the first U.S. exchange-traded fund (ETF) based on the Nikkei 225 index of Japanese equities.
Reported by
PLANSPONSOR staff
The MAXIS Nikkei 225 Index Fund (Ticker NKY) has begun trading on NYSE Arca. Precidian said the fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market as measured by the Nikkei 225 Index.
“Starting today and for the first time, U.S. investors can access the leading benchmark of Japanese stocks with a single, liquid, low-cost ETF,” said Daniel J. McCabe, Chief Executive Officer of Precidian Funds. “We are honored to have been chosen by Mitsubishi UFJ Asset Management as the exclusive provider of the Nikkei 225 to U.S. investors.”
-Sara Kelly