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Japan's first US equity ETF targets $300 million in AUM

Simplex Asset Management says its new product, referencing the Dow Jones Industrial Average, is likely to attract mainly individual investors.

Marking the first time that a Japanese ETF has referenced a US stock-market benchmark, Tokyo-based Simplex Asset Management has licensed the Dow Jones Industrial Average (DJIA) index as the underlying for an exchange-traded fund.  

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