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ETF
NEXT FUNDS Nikkei 225 Inverse Index Exchange Traded Fund is an exchange traded fund launched and managed by Nomura Asset Management Co., Ltd. It invests in the public equity and fixed income markets of Japan. For its equity portion, the fund takes short positions and uses future contracts to invest in the stocks of companies operating across diversified sectors. It invests in the stocks of large-cap companies. For its fixed income portion, the fund invests in the short-term Yen denominated government and corporate bonds. It seeks to replicate the performance of the Nikkei 225 Inverse Index. The index seeks to track the inverse of daily performance of the Nikkei Stock Average. NEXT FUNDS Nikkei 225 Inverse Index Exchange Traded Fund was formed on April 10, 2012 and is domiciled in Japan.
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