Leveraged and inverse ETFs remain the hot ticket in Japan right now.
Asia Asset Management reports that the Tokyo Stock Exchange (TSE) will be adding nine more leveraged and inverse ETFs this month, bringing the bourses’ total to 45.
The debutantes this month are:
- Daiwa ETF Japan JPX-Nikkei 400 Leveraged (2X) Index
- Daiwa ETF Japan JPX-Nikkei 400 Inverse (-1x) Index
- Daiwa ETF Japan JPX-Nikkei 400 Double Inverse (-2X) Index.
- NEXT FUNDS JPX-Nikkei 400 Leveraged Index Exchange Traded Fund
- NEXT FUNDS JPX-Nikkei 400 Inverse Index Exchange Traded Fund
- NEXT FUNDS JPX-Nikkei 400 Double Inverse Index Exchange Traded Fund
- JPX-Nikkei 400 Bull 2X Leveraged ETF
- JPX-Nikkei 400 Bear -1X Inverse ETF
- JPX-Nikkei 400 Bear -2X Double Inverse ETF
These 2X inverse funds seem like a Nikkei bear’s dream, though with Abe’s continued efforts to open up corporate Japan, all these leveraged funds might get more than a few bidders as well.
As for the TSE, with inverse or leveraged funds dominating listings in 2015, they’re in the middle of broadening their selection of ETFs and ETNs in an effort to accommodate all investors.
Photo: Stéfan