Nomura Asset Management, a wholly owned subsidiary of Japan-based Nomura Holdings, has listed its NEXT FUNDS Thai Stock SET50 exchange-traded fund (ETF) on the Tokyo Stock Exchange (TSE), marking the first listing of a Thai-stock ETF in Japan.
The ETF is designed to track the SET50 Index, a Thai stock price index calculated by the Stock Exchange of Thailand (SET), and directly holds a portfolio composed of Thai stocks, including depositary receipts.
A listing ceremony was held today at the Tokyo Stock Exchange attended by Toshihiro Iwasaki, deputy president of Nomura Asset Management; H.E. Virasakdi Futrakul, ambassador of the Kingdom of Thailand to Japan; Veerathai Santiprabhob, executive vice president and chief strategy officer of SET; and Atsushi Saito, president and CEO of TSE.
Santiprabhob said, “This Thai Stock SET50 ETF will provide Japanese retail and institutional investors with an important channel to benefit from Thailand’s growing economy. In 2010, the SET index increased by 56% in US dollar terms, making Thailand one of the best performing markets in East Asia and one of the top-five performing markets in the world.”
Saito added, “We hope that this listing will further facilitate access to the Thailand stock market by Japanese investors and deepen capital flows between both countries.”
On 12 May, trading of NEXT FUNDS Thai Stock SET50 exchange-traded fund closed at ¥1,991, with trading volume recorded at 3,808 units.