Japan mutual fund value jump on inflows into ETFs
News On Japan via Reuters -- Jul 13

The asset value of Japanese mutual funds rebounded in June, helped by solid inflows into exchange traded funds (ETFs), a fall in the yen and a recovery in global share prices, after dropping nearly $50 billion the previous month.

Japanese retail investors became net buyers of investment trust funds, a type of mutual fund known as toushin in Japan, for the fourth straight month, with net inflows totaling 263.8 billion yen ($3.33 billion) in June, the Investment Trusts Association said.

Naoyuki Ichikura, section head of the association's system business office, said inflows into dividend-oriented Japanese equities funds especially stood out during the month.

Source: Reuters



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