MAXIS® Nikkei 225 Index ETF (NKY:NYSE Arca) Surpasses $200 Million in Assets
by PR Newswire
NEW YORK, Dec. 21, 2012 /PRNewswire/ -- MAXIS® Nikkei 225 Index ETF (NKY:NYSE Arca), the only U.S.-listed ETF that provides investors with exposure to the well-recognized Nikkei 225 Index, passed the $200 million milestone Wednesday. Sponsored by Precidian Funds and sub-advised by Northern Trust, the MAXIS® Nikkei 225 Index ETF enjoyed the largest trading day to date with more than 1,000,000 shares changing hands as investors looked to increase exposure to the Japanese equity market. Dan McCabe, CEO of Precidian Funds, believes that increased interest is a result of "investors seeking exposure to Japanese equities which stand to benefit most from a domestic recovery in Japan."
About the Fund
The MAXIS® Nikkei 225 Index ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the Nikkei 225 Index.
About the Index
The Nikkei Stock Average is the average price of 225 stocks traded on the first section of the Tokyo Stock Exchange, but it is different from a simple average in that the divisor is adjusted to maintain continuity and reduce the effect of external factors not directly related to the market. One cannot invest directly in an index.
Carefully consider the investment objectives, associated risk factors, fund expenses, and transaction costs before investing in the MAXIS® Nikkei 225 Index ETF. Read the prospectus carefully before you invest. For more information or a copy of the prospectus, please visit www.precidianfunds.com or call 855.621.0930.
Foreside Fund Services, LLC Distributor
Investing involves risk and can include loss of principal. Additionally, investments in international securities may involve risk of capital loss from unfavorable movements in currency valuation, differences in generally accepted accounting principles, and from geopolitical and risks specific to a particular region or country. Securities focusing on a single country may experience higher volatility.
The fund is comprised of securities of companies that are traded on the Tokyo Stock Exchange and domiciled in Japan. The risks of investing in the Japanese market include risks of natural disasters, lack of natural resources, reliance on trading partners, national security, unpredictable political climate, large government debt, currency fluctuation and an aging labor force. The realization of such risks could have a negative impact on the value of securities of Japanese companies. In addition the three largest sector concentrations of the Fund are consumer discretionary, industrials and information technology sectors. Concentrated Fund investments will subject the Fund to a greater risk of loss as a result of adverse economic, business or other developments that if its investments were diversified across many different industry sectors.
Not FDIC insured ** Not Guaranteed ** May lose value
CONTACT: Stuart Thomas, 1-708-781-0560
SOURCE Precidian Investments