Nikkei ETF Debuts: Newcomer Precidian Launches NKY

Precidian Funds, a New Jersey-based ETF newcomer, announced on Thursday the launch of the first U.S.-listed ETF offering exposure to the Nikkei 225 Index. The new MAXIS Nikkei 225 Index ETF (NKY) will seek to replicate the widely followed benchmark of Japanese stocks, often referred to simply as the Nikkei or the Nikkei Index. That benchmark is a price-weighted index consisting of 225 stocks listed on the Tokyo Stock Exchange. The Nikkei has been calculated by the Nihon Keizai Shimbun newspaper since 1950. There are several investment products linked to the Nikkei in existence around the world, but NKY is the first U.S.-listed ETF to offer exposure to the well known index. Under The Hood Like the Dow Jones Industrial Average in the U.S., the Nikkei is a price-weighted index. That means that the index will make the largest allocations to the companies with the highest stock prices, a methodology [...] Click here to read the original article on ETFdb.com. Related Posts: IndexIQ Debuts Japan Mid Cap ETF (RSUN) Japan ETFs In Focus After Devastating Quake Small Cap Japan ETFs Head-To-Head: SCJ vs. JSC vs. DFJ Van Eck Launches Small Cap Germany ETF (GERJ) Guide To Small Cap International ETFs