Jasdaq-Top20 ETF Begins Trading on Osaka Securities Exchange

Jasdaq-Top20 ETF, an exchange-traded index fund of 20 companies, opened at 1,623 on its first day of trading on the Osaka Securities Exchange Co.

It is the first ETF based on an index of Jasdaq, a market for start-ups, said Osaka Securities Exchange spokesman Masahiro Yada. The new Jasdaq exchange is an integration of the Osaka bourse’s Jasdaq Securities Exchange and Hercules market.

To contact the reporters on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; Kotaro Tsunetomi in Tokyo at ktsunetomi@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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