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.
