Nomura Files Active Japan ETF Blending Macro Views With Stock Picking

The Nomura Japan Equity ETF (NJPN) will invest at least 80% of assets in Japanese equities. The strategy will generally select from the largest companies in the Tokyo Stock Price Index (TOPIX), combining top-down sector allocation with bottom-up fundamental stock research. Nomura will assess economic and business cycles, valuations, earnings trends, factor returns and macro forecasts to set sector weights, while historical valuations and company fundamentals guide individual selections. The fund expects to hold a broad portfolio of at least 60 stocks, though it is classified as non-diversified and may occasionally hold fewer positions.