From: First Financial Daily ( Special ) By Weiqi Wang
Compiler: http://www.fundcn.org

Recent viewpoint, arbitrage trading will continue to push overseas is not the peak of professional institutional investors. but hundreds of thousands of ordinary Japanese housewife. It is they will come up with low-interest savings to buy overseas investment products before we bring the Japanese capital outflows to continue.

And the assets of their overseas investment funds actively purchase, and now allow the Japanese mutual fund some “hard to swallow.” Asset size is too big and will enable the Fund has become difficult to manage. Hence Japan’s major mutual funds, have started refusing to purchase new investors, so as to control scale, avoid too “bloated.”

“Day by the news,” the network version of the report yesterday said that Japan’s largest five mutual funds, three have launched a “weight control” program. The first of which is 100 Asset Management (Japan) Global Income Stock Fund, They have stopped accepting new subscriptions current size of this fund has reached 2.7 trillion yen.

Coincidentally, Day-asset management company is also planning to remove the market under the three mixed investment funds (TripleFund) new investors, this fund also invest in stocks, bonds and the Japanese real estate investment trust, current asset size has reached 1.5 trillion yen.

In addition, Japan and Japan asset management company plans to have its Global Bond Fund to control the size of the 2 trillion yen , this investment fund specialized in North America, Europe, Australia and New Zealand bond market.

In these areas, the level of interest rates much higher than in Japan, New Zealand’s benchmark interest rate to 8.00%. United States 5.25%, 4.00% for the euro area, the United Kingdom 5.50%. Congress and the Global Bond Fund had total assets reached 1.7 trillion yen, close to 2 trillion yen level. They will be 20% of assets invested in the New Zealand dollar and bonds, the proceeds of these bonds in developed countries the rate of the first series.

“This kind of news investors worried They can also trigger a new risk aversion. “Dresdner Bank in Frankfurt foreign exchange strategist Niels Fr om the “First Financial Daily” said, “but today’s release of Japan industrial output data indicates that Japan’s benchmark interest rates will remain low, the yen is still financing currency, the “Nikkei News,” the news out of the market outlook. United States, Asian and European stock markets also contributed to a rebound of risk preferences and arbitrage transactions. ”

Japan yesterday released in May by the industrial output value of hi-tech products inventory adjustment drag, the ring fell 0.4%. Economists previously expected to rise 0.9%, weakened by the Japanese central bank in July is expected to increase interest rates.

Asian foreign exchange market the dollar was convertible yen yesterday rose 54 basis points to a maximum of 123.37; But then come down quickly, as Beijing time of 19 : 34, reportedly Yen per dollar 122.86.

Copyright Fund China 2009.

You Might Like: