Lyxor launches JPX-Nikkei 400 ETF
Lyxor has announced the launch of Lyxor Ucits ETF JPX-Nikkei 400, designed as benchmark for Japanese equities, it will launch effective 16 September on Euronext Paris and 24 September on London Stock Exchange.
The JPX-Nikkei 400 index is a fundamental index selecting stocks principally based on their return-on-equities and operating earnings with a focus on high standards of governance and transparency.
The index is aims to encourage Japanese companies to take action to create greater value to shareholders and improve governance, it has been endorsed as benchmark by the Japanese Government Pension Investment Fund (GPIF) in April 2014.
The ETF applies a total expense ratio of 0.25% per annum.