EURZ seeks to track the Nasdaq Eurozone Large Mid Cap Index, which is designed to track the performance of equity securities from issuers based in the countries in the Economic and Monetary Union of the European Union.
JPN seeks to track the JPX-Nikkei 400 Total Return Index, a benchmark consisting of 400 Japanese securities that pass a rigorous screening process. The index uses indicators such as return on equity, cumulative operating profit, and market capitalization to select high-quality, capitally-efficient Japanese companies.
Fiona Bassett, DeAM Head of Passive Asset Management, Americas, said globally, DeAM has been offering ETFs linked to international benchmark indices for more than 10 years.
She added DeAM is currently managing $15.6 billion in ETF assets linked to benchmarks for the Eurozone, Germany and Japan.
“These capabilities and our European heritage mean that we are well-positioned to bring meaningful efficiencies and cost savings to US investors for these exposures,” Bassett said.
For more information on new fund products, visit our new ETFs category.