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Press release from PR Newswire

Precidian Funds Launches First U.S.-Listed Nikkei 225 ETF on NYSE Arca

Wednesday, July 13, 2011

Precidian Funds Launches First U.S.-Listed Nikkei 225 ETF on NYSE Arca10:00 EDT Wednesday, July 13, 2011The Benchmark Index for the World's Third Largest EconomyBEDMINSTER, N.J., July 13, 2011 /PRNewswire/ -- Precidian Funds LLC, a wholly owned subsidiary of Precidian Investments LLC, today announced the launch of the first U.S. exchange traded fund based on the Nikkei 225, the world's best known and most widely used index of Japanese equities. The MAXIS(SM) Nikkei 225 Index Fund began trading today on NYSE Arca, NYSE Euronext's all electronic U.S. market, under the ticker symbol "NKY." "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," McCabe said. The MAXIS Nikkei 225 Index ETF 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. "The MAXIS Nikkei 225 Index Fund ETF complements existing Nikkei futures to provide a more complete array of trading, investing and risk management tools," said J. Stuart Thomas, Principal at Precidian. Precidian Funds LLC serves as Adviser, Northern Trust as Sub-adviser, JP Morgan Chase as Administrator and Custodian, and Foreside Fund Service LLC as Distributor.Japan is the world's third largest economy with total GDP of $5.5 trillion in 2010 and exports of $765 billion. Japan is the third largest exporter to the United States, and its fourth largest trading partner overall. The Nikkei 225 Index represents all of Japan's major business sectors and includes some of the world's most competitive and technologically advanced corporations, including NEC, Ricoh, Hitachi, Softbank and Kyocera; auto industry giants Toyota, Honda, Nissan, and Mitsubishi Motors; and electronics leaders such as Sony, Sharp, Canon, and Fujitsu. Globally, it is estimated that over $80 billion is benchmarked to the Nikkei 225 as of first half 2011. About Precidian Funds Precidian Funds, a wholly owned subsidiary of Precidian Investments LLC, is a leader in the creation of innovative, next generation financial products, specializing in Exchange Traded Products (ETP) including active, commodity, currency, fixed-income and managed distribution ETPs. The principals of Precidian provided the intellectual capital for and were instrumental in the development of the groundbreaking gold ETF, SPDR? Gold Shares, and developed the world's first platform of currency-backed ETFs, CurrencyShares in partnership with Rydex SGI. Please go to www.precidianfunds.com for a copy of the prospectus or call 1 855.621.0930. Investing involves risk and can include loss of principal. Additionally, investments in international securities may involve risk of capital loss from unfavorable movements in currency valuation, differences in generally accepted accounting principles and from geopolitical and risks specific to a particular region or country. Securities focusing on a single country may experience higher volatility. MAXIS(SM) is a registered service mark of Mitsubishi UFJ Asset Management Co., Ltd. The Nikkei Stock Average is the intellectual property of Nikkei Inc. Nikkei Inc. reserves all the rights to the index. The Maxis Nikkei 225 Index Fund is not in any way sponsored, endorsed or promoted by Nikkei. Nikkei does not make any warranty or representation regarding the Fund. One cannot invest directly in an index. Carefully consider the investment objectives, associated risk factors, fund expenses, and transaction costs before investing in the MAXIS Nikkei 225 ETF. Read the prospectus carefully before you invest. The prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. SOURCE Precidian Funds LLCFor further information: Jon Schubin, Walek & Associates, +1-212-590-0529, jschubin@walek.com