Nomura (NMR) Lists New US Treasury ETF in Japan

Nomura Holdings, Inc. (NYSE:NMR) is one of the 13 Best Japanese Stocks to Buy According to Hedge Funds. On June 25, Nomura Holdings, Inc. (NYSE:NMR) reported that the group’s core company within the Investment Management Division, Nomura Asset Management Co., Ltd., has launched a new exchange-traded fund (ETF).

In its report, Nomura Holdings, Inc. (NYSE:NMR) explained that this ETF, named “NEXT FUNDS Bloomberg US Treasury Bond (7-10 year) Index (75% Yen-Hedged) Exchange Traded Fund” is now listed on the Tokyo Stock Exchange (TSE), and investors can trade it through securities dealers and traders in Japan.

The ETF is designed to follow the Bloomberg US Treasury 7-10 Year Index TTM JPY Currency 75% Hedged. It tracks the performance of US Treasury bonds with maturities between seven and ten years.

The index is based on Japanese yen (JPY) and uses a 75% currency hedge to allow investors to invest in US Treasury bonds while also reducing some risks that come with currency fluctuations.

Nomura Holdings, Inc. (NYSE:NMR) is a Japanese financial services holding company that specializes in wealth management, investment management, banking, and global research.

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Disclosure: None. This article is originally published at Insider Monkey.