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Nomura Asset Management Co., Ltd.
Tokyo, February 13, 2026—Nomura Asset Management Co., Ltd., the core company within the Investment Management Division of Nomura Group, today announced that it will launch a new ETF designed to track the FTSE Japan ex-REITs High Income Cash Flow 50 Index.
The FTSE Japan ex-REITs High Income Cash Flow 50 Index identifies the top 50 Japanese stocks based on free cash flow yield and dividend yield metrics. The new ETF focuses on free cash flow-based valuation and high dividend yields, enabling investors to pursue stable income.
|
Code |
Name |
Index |
Management Fee |
|
518A |
NEXT FUNDS FTSE Japan ex-REITs High Income Cash Flow 50 Index Exchange Traded Fund |
FTSE Japan ex-REITs High Income Cash Flow 50 Index |
0.275% annually |
The ETF was today approved for listing by the Tokyo Stock Exchange (TSE) with a listing date of March 3, 2026. From the listing date, investors will be able to trade the ETF on the TSE through securities dealers and traders in Japan.
The minimum investment amount for the ETF is expected to be approximately 2,000 yen (per 1 unit).
For further details on NEXT FUNDS, please refer to https://nextfunds.jp/en/.
† "NEXT FUNDS" is the brand name for the ETF product range of Nomura Asset Management Co., Ltd., representing "Nomura Exchange Traded Funds".
The ETF is a part of Nomura's NEXT FUNDS range and brings the total to 75.
1: As of February 13, 2026
The NEXT FUNDS FTSE Japan ex-REITs High Income Cash Flow 50 Index Exchange Traded Fund (the “Fund”) has been developed solely by Nomura Asset Management Co., Ltd. The “Fund” is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Japan ex REITs High Income Cash Flow 50 Index (the “Index”) vest in the relevant LSE Group company which owns the Index. “FTSE®” and “FTSE Russell®” are trade marks of the relevant LSE Group company and are used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Nomura Asset Management Co., Ltd.
The contents of this material are based on an English translation of a Japanese announcement made on February 13, 2026 by Nomura Asset Management Co., Ltd. Whilst every effort has been made to translate the Japanese document into English, the accuracy and correctness of this translation are not guaranteed, therefore please refer to the original Japanese document.
Please note that the information contained in this document is for reference purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities by Nomura Asset Management Co., Ltd. to any person in Japan and does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities or provide any services in any jurisdiction in which such distribution or offer is not authorized.
Furthermore, none of the shares of the ETF has been or will be registered under the United States Securities Act of 1933, as amended (“1933 Act”), or under the securities laws of any state or political subdivision of the United States of America or any of its territories, possessions or other areas subject to its jurisdiction including the Commonwealth of Puerto Rico (the “United States”). The ETF has not been and will not be registered under the United States Investment Company Act of 1940, as amended, nor under any other US federal laws.
Accordingly, the information in this document is not made or directed to any person in the United States and under no circumstance shall the provision of the information on this document be deemed to constitute an offer of securities or an offer to provide any services to any person in the United States or to any U.S. Person as the term is defined under 1933 Act.
Furthermore, the information in this document is not made or directed to any person in the United Kingdom and under no circumstances shall the provision of the information in this document be deemed to constitute an offer of securities or an offer to provide any services to any person in the United Kingdom.
ETF Investment Risks
Since the ETF invests primarily in securities and futures contracts, there is a risk that the market price of such securities or the NAV per unit of the ETF could decline and cause an investment loss due to a decline in the index, a price decline in securities comprising the index, the bankruptcy of a security issuer, or deterioration in the financial conditions of an issuer, in addition to other market factors.
Also, because some securities in the ETF are influenced by exchange rates, the NAV may fall due to fluctuations in the foreign exchange rate. An investor’s principal is therefore not guaranteed.
Furthermore, investment trusts are different from deposits and savings.
* ETF risks are not limited to the above.
Before investing in the ETF, prospective investors should carefully read the summary prospectus and base decisions on their own judgement.
ETF Investment Costs (as of February 2026)
An investor shall bear the following costs when investing in the ETF.
Trading Fee:
Trading of the ETF incurs brokerage commission fees set by a Type-1 financial instruments business provider (securities firm) that handles the transaction. These commissions are separate from the actual transaction value. (Because the commissions charged by each securities firm differ, it is not possible to specify a maximum amount.)
Management Fees:
The total management fee is obtained by adding the amount determined in (2) below to the amount determined in (1) below. Management fees are paid from the trust assets, and therefore are charged indirectly according to the period that the ETF is held.
(1) The amount obtained by multiplying the total net assets by a rate determined by the Management Company not to exceed 1.045% annually* (0.95% exclusive of taxes).
* The maximum management fee of each ETF is indicated above. For some ETFs, the management fees are calculated based on the ETF’s principal.
(2) If the securities belonging to the trust assets have been loaned, an amount no more than 55%* (50% exclusive of taxes) of the loan fees.*
* The highest loan fee of each ETF is indicated.
Other Fees:
ETF-related taxes, expenses necessary for trust administrative procedures (including various expenses necessary for safekeeping of overseas assets), interest on advances provided by the trustee, sales consignment fees incurred when securities included in the fund are traded, audit fees, other expenses (including expenses relating to listing of Beneficiary Interests and fees for the use of trademarks to subject indexes), and consumption taxes on these fees are incurred, when applicable, during the trust period. These expenses are paid from the trust assets and are charged indirectly during the period that the ETF is held. Other expenses will vary according to investment circumstances, and consequently, rates and maximum amounts cannot be specified in advance.
The total amount of the above fees and expenses will vary according to investment duration, so they cannot be specified ahead of time.
For further details, please refer to the “Fund Expense and Taxes” section of the summary prospectus.
Notes
Nomura Asset Management Co., Ltd. does not directly handle order requests for the ETF from investors. To invest in the ETF, it is necessary to open an account with a nearby Type-1 financial instruments business provider (securities firm) that handles ETFs and make a request to the broker.
Registered Company Name: Nomura Asset Management Co., Ltd.
Registration Number: Director of the Kanto Local Financial Bureau (Financial instruments firms) No. 373
Member Associations: The Investment Trusts Association, Japan; Japan Investment Advisers Association; Type II Financial Instruments Firms Association
Nomura
Nomura is a financial services group with an integrated global network. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its four business divisions: Wealth Management, Investment Management, Wholesale (Global Markets and Investment Banking), and Banking. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.
