Retail Industry News
Japan retail fund value jumps to pre Lehman levels
Wednesday, 19, May 2010
Robust cash flows into bond and equity funds boosted the value of Japanese investment trust funds to its highest level since before Lehman Brothers went bankrupt in August 2008, data from an industry body showed.Net inflows into publicly placed investment funds known as "toushin" rose for the 13th straight month to 908.4 billion yen ($9.81 billion) in April -- the highest level since December 2007, the Investment Trusts Association of Japan data showed on Tuesday.
Japanese individuals, who hold some $15 trillion in personal assets, have generally been more willing to take on risk as the global economy starts to recover.Cash-rich investors in April poured money into funds of hedge funds investing in global high yielding global bonds, equity funds investing in smart grid technology shares, and money reserve funds.The overall value of publicly placed toushin rose 1.7 trillion yen, or 2.7 percent, to a pre-Lehman level of 65.4 trillion yen ($706.6 billion) in April from the previous month when the value climbed by the biggest amount in nine years.
