ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Equities

Robot-themed mutual fund joins Japan's trillion yen club

Investors leaving REITs for promising prospects in the cutting-edge field

Robots are making robots at Yaskawa Electric's headquarters in Kitakyushu, Japan.

TOKYO -- Nikko Asset Management's robotics equity fund has topped 1 trillion yen ($9.17 billion) in assets as lofty expectations for global robot demand lure investors away from income trusts paying monthly dividends.

The Global Robotics Equity Fund's top holdings at the end of December were Japanese robot makers Keyence and Yaskawa Electric and foreign companies like America's Rockwell Automation. The 1 trillion yen tally covers assets from the fund's four strains, including ones offering annual and semiannual settlements.

Brisk growth in robotics-related stocks since Donald Trump won the U.S. presidential election in November 2016 have boosted the fund's value.

Nomura Asset Management's Nomura Japan Equity Strategy Fund, set up in 2000, was the last mutual fund heavily weighted toward Japanese shares to reach 1 trillion yen. The Fidelity US REIT Fund B and Shinko US-REIT Open fund were also well-known Japanese investment trusts in the trillion yen club, but neither exceeds that mark now.

U.S. real estate investment trusts are falling amid lower dividends and as Japanese financial institutions cut back sales of income trusts with monthly payouts at the behest of the country's Financial Services Agency. Some of this money was likely steered into robotics-focused mutual funds.

Sponsored Content

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

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 19th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media