Nomura has ended its European ETF range just six years after launching in 2015, in another sign of the challenges of running a successful ETF businessETF Stream can reveal.

The four ETFs, which offer exposure to Japanese equities, officially delisted on 20 January with their final day of trading on 19 January.

The ETF range includes:

  • Nomura JPX-Nikkei 400 USD Hedged UCITS ETF (NJXU)
  • Nomura JPX-Nikkei 400 EUR Hedged UCITS ETF (NJXE)
  • Nomura Nikkei 225 USD-Hedged UCITS ETF (NXKU)
  • Nomura Nikkei 225 EUR-Hedged UCITS ETF (NXKE)

Overall, the range, which listed on the London Stock Exchange and SIX Swiss Exchange a year later in 2016, had $85.5m assets under management (AUM) with NXJE capturing the most assets.

According to a statement issued by the London Stock Exchange, Nomura directors agreed to delisting the four ETFs in November 2020.

The ETFs officially delisted on 20 January with their final day of trading on 19 January.

The challenges of launching a European ETF business

The statement issued by the LSE states that Nomura intends to liquidate NRI in its entirety on 27 January.

Nomura declined to comment.