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Finance

Foreign-stock trusts hit new heights in Japan

Assets held by all public investment trusts reach $927bn as of July end

TOKYO -- Total assets held by Japan's publicly traded foreign-stock investment trusts likely hit a record as of the end of July, while the combined asset value of all public investment trusts appeared to have reached roughly 102 trillion yen ($927 billion), closing in on the record high from May 2015.

Assets in foreign-stock trusts, excluding exchange-traded funds, topped records for the first time in about a decade, at 14.63 trillion yen, a report by the Nomura Research Institute shows. While the figure grew just 4% from May 2015, according to data compiled by The Nikkei, it had risen on a net basis for 11 straight months.

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