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Precidian Floats Nikkei 225 Index Fund

Precidian Funds is rolling out its first U.S.-based Nikkei 225 exchange-traded fund.

Precidian Funds is rolling out its first U.S.-based Nikkei 225 exchange-traded fund (ETF). The MAXIS Nikkei 225 Index Fund will track the performance of the Nikkei 225 Index, which represents all of Japan’s major business sectors.

The new portfolio of the wholly owned subsidiary of Precidian Investments will trade on the NYSE Arca. Precidian Funds is the portfolio adviser, while Northern Trust is its sub-adviser and JP Morgan Chase is acting as administrator and custodian.

Click here for the release from PR Newswire.

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