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. 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.
A young man in front of a mural of financial services, representing the new generation of investors.
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. is a Japanese financial services holding company that specializes in wealth management, investment management, banking, and global research.
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This article is originally published at Insider Monkey.