TSE Lists 5 New ETFs
The Tokyo Stock Exchange (TSE) listed 5 new Exchange Trade Funds (ETF) in its TFS Metal Securities Series Monday August 24, 2009. The ETFs track the prices of gold, silver, platinum, palladium, and precious metals baskets.
These ETFs are foreign ETFs managed by the European-based ETF Securities Limited and are cross-listed on the London Stock Exchange and Deutsche Boerse.
With this new listing, there will be a total of 67 ETFs listed on the TSE market. The TSE has set out a goal of 100 ETFs listed by 2010 in its Mid-Term Management Plan, and will continue to work toward diversifying the ETF lineup and enhancing the convenience of the market.
Details of the ETFs can be found here
Article Source: TSE website