Nomura to Cross-List ETFs in Japan and Taiwan
Nomura Asset Management will launch the first exchange-traded funds (ETFs) cross-listed between Japan and Taiwan next month, allowing investors in both markets to gain direct exposure to each other’s equities.
Scheduled Listings
According to Nomura’s announcement on Friday, the listings are set for September 18, 2025, on the Tokyo Stock Exchange and the Taiwan Stock Exchange.
In Tokyo, Nomura will introduce the NEXT FUNDS TIP FactSet Taiwan Innovative Technology 50 Index ETF (Code: 412A), which tracks 50 Taiwanese technology companies selected based on criteria including liquidity, market size, disclosure standards, research and development activity, and profitability.
At the same time in Taipei, Nomura Asset Management Taiwan will list the NEXT FUNDS – Nomura TOPIX Feeder ETF (Code: 009812). This product is designed to track Japan’s TOPIX index.
Market Position
Nomura has been active in the ETF market since 1995 and is currently the largest provider in Asia. As of July 2025, the firm managed more than JPY 40 trillion ($265 billion) in ETF assets, representing a 43% market share in Japan. The company said it will continue to develop products aimed at broadening market access for global investors.
International Expansion
The development comes as Nomura expands overseas. Earlier this year, the firm agreed to acquire Macquarie Group’s U.S. and European public asset management businesses for $1.8 billion in cash. The deal, its largest since the 2008 Lehman Brothers acquisition, added about $180 billion in client assets and lifted Nomura’s total assets under management to approximately $770 billion. More than 35% of its assets are now managed for clients outside Japan.
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