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Products July 13, 2011
Precidian Funds Releases Japanese ETF
Precidian Funds LLC has launched its first U.S.
exchange-traded fund (ETF) based on the Nikkei 225 index of Japanese
equities.
Reported by PLANADVISER staff
The MAXIS Nikkei 225 Index Fund (Ticker NKY) began 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.”