Amundi targets returns linked to Japanese corporate governance

ETFs1Amundi ETF has launched an exchange-traded fund (ETF) targeted at well-governed Japanese companies and says the product has the lowest cost among similar products.

Listed on Euronext Paris, the JPX-Nikkei 400 ETF tracks the JPX-Nikkei 400 Total Net Return Index that comprises large and mid-cap Japanese companies selected for best practice in terms of governance and value creation for investors.

This ETF is offered with a total expense ratio of 0.18%, the lowest in the market for this exposure, Amundi says.

The ETF is available in both euro and yen share classes.

Constituents of the index are selected according to quantitative and qualitative criteria, such as their last three-year average return on equity, the last three-year cumulative operating profits, and market capitalisation.

Amundi notes that the Bank of Japan and the Government Pension Investment Fund have already adopted the index as a reference within their asset allocation to indexed funds.

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