Defense-Focused Japan Stock ETN to List on September 28, 2026

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โดย Yahoo Finance Japan·JP·Read original
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Mitsubishi UFJ Securities Holdings has announced that it will list a new ETN, the "Defense Focus Japan Stock (Net Return) ETN (ticker code: 644A)", on the Tokyo Stock Exchange on September 28, 2026. This ETN tracks the "iSTOXX MUTB Japan Defense Index (Net Return)", which is composed of up to 30 Japanese stocks with high sales revenue ratios in the defense-related segment. In 2022, the Japanese government decided in its National Security Strategy to raise defense spending from the previous level of about 1% of GDP to 2% by fiscal year 2027. Subsequently, in fiscal year 2025, the total amount of defense and related expenditures reached approximately 11 trillion yen, achieving the 2% of GDP target ahead of schedule, and Japan's defense-related expenditures are on an expanding trend. Additionally, the revision of the Three Principles on Transfer of Defense Equipment and Technology in April 2026 is expected to ease conditions for arms exports and promote the growth of the defense industry. The management fee is 0.85% per annum, the trading unit is one unit, and there are no distributions.

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