Nomura to Launch ETFs Tracking EURO STOXX 50® JPY TTM and DAX® JPY TTM on TSE
Tokyo, November 21, 2025 — Nomura Asset Management Co., Ltd., part of the Nomura Group Investment Management Division, announced plans to launch two ETFs on the Tokyo Stock Exchange (TSE) designed to track the EURO STOXX 50® JPY TTM and DAX® JPY TTM indices.
The EURO STOXX 50® Index includes 50 blue-chip companies from Eurozone countries, representing leading companies across major sectors with high liquidity. The JPY TTM version converts the previous trading day’s index value from euros to Japanese yen using MUFG Bank’s Telegraphic Transfer Middle (TTM) rate.
The DAX® Index consists of the 40 largest German companies listed on the Frankfurt Stock Exchange (FWB®). Its JPY TTM version similarly converts the euro value of the previous trading day into Japanese yen using MUFG Bank’s TTM rate.
ETF details are as follows:
| Code | Name | Management Fee | Index |
|---|---|---|---|
| 486A | NEXT FUNDS EURO STOXX 50 (Unhedged) ETF | — | EURO STOXX 50® JPY TTM |
| 487A | NEXT FUNDS German Equity DAX (Unhedged) ETF | 0.198% annually (0.18% excluding tax) | DAX® JPY TTM |
Both ETFs have been approved for listing on the TSE, with a planned listing date of December 17, 2025. Investors will be able to trade these ETFs through securities firms in Japan. The minimum investment per unit is expected to be approximately JPY 2,000.
The ETFs are part of Nomura’s “NEXT FUNDS” range, which will reach 74 products after this launch.
Disclaimer:
EURO STOXX 50® JPY TTM and DAX® JPY TTM are the intellectual property of STOXX Ltd., ISS STOXX Index GmbH, or their licensors. The ETFs are not sponsored or guaranteed by these index providers. ETF investments are subject to market fluctuations, exchange rate variations, and other risks, and principal is not guaranteed. This article reports the ETF launch and product information only and does not constitute investment advice.
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