Free Site Registration Free Site Registration

Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only Money Management Executive can deliver.

FREE site registration entitles you to:

Exclusive Online Only Content

Free Daily Email News Alerts

Industry White Papers

Asset Management Blogs


Japanese Flocking to Monthly Income Mutual Funds

By Editorial Staff

September 2, 2008

Japanese investors are increasingly flocking to mutual funds that pay out monthly incomes or dividends, with such funds now accounting for 55.7% of all of the nation’s assets in funds, or $303 billion, Nikkei newswire reports.

 

For the year, assets in income-producing mutual funds are up 3%, whereas all types of open-ended investment trusts are down 6%.

 

Japanese investors are taking particular note of monthly payout funds with exposure to foreign fixed income, as they perceive them to be low-risk.

 

The most popular income-producing mutual fund in Japan is Kokusai Asset Management’s Global Sovereign Open Fund, which took in an additional $3 billion in assets under management year-to-date through July. The second most popular such fund is Daiwa Asset Management’s World Bond Fund, whose assets have swelled by $2.4 billion year-to-date.


For more information on related topics, visit the following:

Related Items