Nomura Asset Management Co., Ltd. (NAM) has announced the reopening of the temporarily suspended subscription for creation of the three NEXT FUNDS ETFs listed below, effective on December 18, 2015.
1357 NEXT FUNDS Nikkei 225 Double Inverse Index Exchange Traded Fund
1570 NEXT FUNDS Nikkei 225 Leveraged Index Exchange Traded Fund
1571 NEXT FUNDS Nikkei 225 Inverse Index Exchange Traded Fund
The reopening has been determined, in consideration of the current situations of fund management including the liquidity of the underlying Nikkei 225 futures and recent redemptions, etc.
NAM continues to manage the funds in accordance with the basic investment objective to aim the investment performance (based on NAV per unit*) to track their respective index, taking into consideration the situations of fund management.
Please note that these ETFs will remain continuously listed on the Tokyo Stock Exchange (TSE), and each investor can trade them same as before.
* The NAV per unit of the ETFs would differ from the market price in Tokyo Stock Exchange since the market price is based upon supply and demand, as calculated through competitive buying and selling on the exchange.