ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Mutual funds topping 1tn yen now absent in Japan

Investors back out as vehicles temper dividend offerings

TOKYO -- The last two Japanese mutual funds that held net assets of over 1 trillion yen ($8.82 billion) slipped below that mark Thursday, as a trend toward smaller dividends dampens interest in the investment vehicles.

Exchange-traded funds aside, Japan has not lacked an open-end equity fund topping 1 trillion yen since late 2002, Nikko Research Center says. Declines by Fidelity US REIT Fund B and Shinko US-REIT Open brought the count to zero.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more