Lyxor launched first hedged ETF tracking JPX-Nikkei 400

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A new Lyxor ETF based on the JPX-Nikkei 400 index has been listed on Euronext Paris as of 2 February.

Lyxor Ucits ETF JPX-Nikkei 400 Daily Hedged C-EUR becomes the first currency-hedged ETF share class tracking the new reference benchmark for Japanese equities.

It has a total expense ratio of 0.25% per annum. The JPX-Nikkei 400 index includes stocks and companies adopting higher standards of governance and transparency.

Lately, in September 2014, the French asset manager introduced a non-hedged share class tracking the JPX-Nikkei 400, that has collected more than €300m since its launch. Fluctuations in currency exchange rates will not affect Lyxor new product.

A currency hedge mechanism has been integrated into the ETF in order to offset the impact emerging from any rise of fall in the yen, preserving therefore the investment from the foreign-exchange risk.

Lyxor expects its ETF range to expand in the near future and plans to list shares classes hedged in other currencies.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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