ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Stocks

Asset managers crafting funds tied to new Nikkei Asia300 index

Products based on Asia300 Investable to open up new opportunities for individuals

TOKYO -- Japanese asset management firms are using the new Nikkei Asia300 Investable Index to develop financial products, making fast-growing Asian companies more accessible to retail investors.

While the Nikkei Asia300 Index is meant to provide an overall picture of stock prices for leading Asian enterprises, the Nikkei Asia300 Investable is designed specifically for use with financial products. The index, launched Dec. 11, tracks major companies from 10 Asian countries and regions -- including China, South Korea and India -- selected based on such factors as market capitalization and liquidity.

Mitsubishi UFJ Kokusai Asset Management will launch an investment trust as early as the beginning of next year using the Nikkei Asia300 Investable as a benchmark. This will be relatively heavily weighted toward Indian companies. Sumitomo Mitsui Asset Management will roll out Jan. 5 a fund that tracks the index.

Daiwa Asset Management plans to add a fund based on the Nikkei Asia300 Investable to its iFree series of low-cost mutual funds. Asset Management One and Sumitomo Mitsui Trust Asset Management are considering developing funds linked to the index as well.

The Asia300 Investable Index gained nearly 0.3% on Wednesday in yen terms to close at 1,281.71.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more