Precidian Funds Releases Japanese ETF

Precidian Funds LLC has launched its first U.S. exchange-traded fund (ETF) based on the Nikkei 225 index of Japanese equities.

The MAXIS Nikkei 225 Index Fund (Ticker NKY) began trading on NYSE Arca. Precidian said the fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market as measured by the Nikkei 225 Index.

“Starting today and for the first time, U.S. investors can access the leading benchmark of Japanese stocks with a single, liquid, low-cost ETF,” said Daniel J. McCabe, Chief Executive Officer of Precidian Funds. “We are honored to have been chosen by Mitsubishi UFJ Asset Management as the exclusive provider of the Nikkei 225 to U.S. investors.”

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Edward Jones and CPI Launch 401(k) Program

Kansas-based retirement service provider, CPI Qualified Plan Consultants, Inc., is releasing a 401(k) program available exclusively to Edward Jones financial advisers.

According to CPI, the program provides assistance to financial advisers with identifying new clients, plan design analysis and consultation, and client presentation support through CPI’s 20 regional offices. It was designed to provide a low-cost, flexible, and transparent plan option for plan sponsors of all sizes.

CPI has partnered with several defined contribution investment only (DCIO) firms – including American funds, Franklin Templeton, Lord Abbett, and Invesco – to promote this new initiative through small regional events across the country.

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“We are very pleased to announce our new strategic alliance relationship with CPI,” said Edward O’Neal, principal at Edward Jones. “The retirement plan business is a strong focus of Edward Jones, and the quality of our strategic partners is very important to us as we help our financial advisers have the product and resources they need to serve the plan sponsors in their communities.”

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