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.
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