First DAX ETF listed in Japan
August 31, 2022 – Qontigo has licensed the DAX® Index and the EURO STOXX 50® Index to Japan’s largest ETF issuer, Nomura Asset Management. Both indices come in their currency-hedged version and serve as underlying benchmarks for new ETFs, listed on the Tokyo Stock Exchange on September 2. It is the first DAX ETF listing in the Japanese market.
“We are proud to have launched these ETFs with Qontigo. Our products enable Japanese investors to invest in Eurozone’s companies and contribute to international diversification. We will continue to strive to expand the ETF market.”Osamu Okuyama, Head of ETF Business Department at Nomura Asset Management
“We are honored to have signed two ETF deals with Nomura Asset Management in Japan. Many Japanese investors have expressed growing interest in European benchmarks, so we are very pleased to work with the Nomura team to provide access to these dynamic market segments through two of our most recognized and iconic benchmarks. The EURO STOXX 50 and DAX are well-known globally for offering an accurate representation of the underlying capital markets and economic dynamics of the Eurozone and German economies and also serve as underlyings for a wide range of highly liquid financial products.”Axel Lomholt, Chief Product Officer, Indices & Benchmarks at Qontigo
The EURO STOXX 50 Index tracks the Eurozone’s biggest and most traded companies and offers diversified exposure to the region’s supersector leaders. The DAX index tracks the performance of the 40 largest companies listed on the Regulated Market of the Frankfurt Stock Exchange. Constituents must fulfill minimum quality and profitability requirements.
Currency-hedged indices combine an investment in the underlying, unhedged index with a short position in currency forwards.