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ETN
NEXT NOTES Nifty Total Returns(TR) Daily Inverse Index ETN is an exchange traded note launched by Nomura Europe Finance N.V. The note seeks to replicate the performance of the Nifty Total Returns(TR) Daily Inverse Index. It represents the public equity markets of India. The index employs short positions to represent the stocks of companies operating across diversified sectors. It comprises of the stocks of large-cap companies. Nifty Total Returns(TR) Daily Inverse Index seeks to track the inverse of the daily performance of the Nifty Total Returns Index. NEXT NOTES Nifty Total Returns(TR) Daily Inverse Index ETN was formed on November 18, 2014 and is domiciled in Netherlands.
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