Japan Hedge fund launches Nifty ETF

Nikko Asset Management has announced the launch of three new exchange traded funds, which began trading on 22 October 2010. With the addition of these three ETFs, Nikko AM has now a total of 17 ETFs in its line-up.

The “Listed Index Fund US Equity” racks the S&P 500 index, one of the most recognised US equity indices. It is the first S&P 500-linked ETF listed on a stock exchange in Japan.

The “Listed Index Fund China H-share” is linked to mainland Chinese companies listed on the Hong Kong Stock Exchange. Just like investing directly in China A-shares, this ETF will allow investors to capture the movements of stock prices of mainland Chinese companies.

The “Listed Index Fund S&P CNX Nifty Futures” invests in futures contracts based on a popular Indian equity index.

Source: TheHedgeFundJournal