Simple-X NY Dow Jones Index ETF, the new product of Tokyo-based Simplex Asset Management, will target $225-338 million in assets under management next year, Asian Investor reports. The ETF will start trading on the Tokyo Stock Exchange on Dec.10, 2009.
The new product will track Dow Jones Industrial Average index, which had $29.2 billion of assets under management, including open interest, as of June 30. Simplex Asset Management, which is a part of Simplex Financial, has $1.157 billion in assets under management.
Click here for the story from Asian Investor.
