ETP roundup: Nomura debuts high div prop index

Nomura Asset Management is set to roll out an exchange-traded fund (ETF) that tracks Japanese high dividend stocks. The expected launch comes as the asset manager seeks to cater to income-hungry investors facing Japan’s long-term interest rates falling to near zero percent. The Next Funds Nomura Shareholder Yield 70 ETF will track the performance of the Nomura Shareholder Yield 70. The benchmark consists of 70 stocks selected based on how actively they pursue shareholder returns through d