This is the first-ever ETF linked to a Japanese Real Estate Investment Trust (REIT) to come to the
"We welcome NETS™ Tokyo Stock Exchange REIT Index Fund to NYSE Arca," said Lisa M. Dallmer, SVP, Global Index and Exchange Traded Products, NYSE Euronext. "As the world’s leading, most international exchange group listing NETS funds, offering our venue to NETS and the NETS product strategy brings investors another opportunity to look beyond home-country bias and extend their portfolio to international investing."
Peter K. Ewing, head of Northern Trust Global Investment’s ETF business, said: "This latest launch extends the NETS™ product line to include a key benchmark for another important asset class. Japanese real estate represents over 10% of the investment opportunities in the global real estate market."
As an industry leader in ETF and
Background about NETStm Tokyo Stock Exchange REIT Index Fund (NYSE Arca: JRE)
The NETStm Tokyo Stock Exchange REIT Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly-traded real estate investment trusts (REITs) in the aggregate in the Japanese market, as represented by the Tokyo Stock Exchange REIT index.
The underlying index is a free-float adjusted market capitalization-weighted index consisting of stocks of all the REITS traded primarily on the Tokyo Stock Exchange and is calculated using the same methodology used for the calculation of the Tokyo Stock Price Index (TOPIX). As of Aug. 11, 2008, the underlying index’s three largest stocks were Nippon Building Fund, Inc., Japan Real Estate Investment Corporation and Nomura Real Estate Office Fund, Inc. The fund uses a representative sampling strategy in seeking to track the underlying index.
Northern Trust Global Investments comprises Northern Trust Investments, N.A., Northern Trust Global Investments Ltd., Northern Trust Global Investments Japan, K.K., the investment adviser division of The Northern Trust Company and Northern Trust Global Advisors, Inc. and its subsidiaries to offer investment products and services to personal and institutional markets.
Background on NYSE Arca-Listed ETFs and ETNS:
As the first fully electronic platform to utilize designated liquidity providers, NYSE Arca sets the national best bid and offer nearly 85% of the time, leading all
About Northern Trust:
Northern Trust Corporation is a leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide. Northern Trust, a multibank holding company based in
Northern Trust Global Investments (NTGI)is the trading name for the asset management activities of the entities that belong to the Northern Trust Corporation, a holding company based in
About NETStm funds:
NETS Trust, a
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About NYSE Euronext:
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. As the world’s largest exchange group by number of listings and market capitalization, NYSE Euronext is home to over 6,400 listed issues representing a combined $26.7 / 17.1€ trillion (as of June 30, 2008) in total global market capitalization, more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately $157.0 /102.7€ billion (as of