Japan’s three major mutual fund temporarily closed
From: http://www.fundcn.org
Japanese media recently revealed that the Japanese investment in foreign assets handful of large mutual funds will stop accepting new investors. prevent expansion of the scale of its assets beyond management.
Daiwa Securities Investment Trust will be under the Global Bond Fund scale in more than two trillion yen (about 162 billion dollars) , the Fund’s investments in North America, Europe, Australia and New Zealand on the bonds. Japan Global Bond Fund existing 1.7 trillion yen of assets, of which about one fifth of New Zealand investments denominated bonds.
Nikko Asset Management Company Triple Fund also plans in total assets and 1.5 trillion yen (about 122 100 million U.S. dollars), will no longer accept new investors, the fund investment in stocks, bonds and domestic real estate investment trusts.
Baida (Japan), the asset management company of global equity funds have been the proceeds to stop receiving new investors, The fund has reached the scale of 2.7 trillion yen (about 21.9 billion U.S. dollars). This means that Japan’s largest five mutual funds have three already, or soon will no longer accept new injection of funds.
Copyright Fund China 2009.
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