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JPN (Xtrackers Japan JPX-Nikkei 400 Equity ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Sumitomo Mitsui Financial Group plans to double revenue from its sales and trading unit to 800 billion yen, or about $5 billion, within the next few years as Japan's shift away from ultra-low rates drives demand for market products. Arihiro Nagata, head of the bank's global markets division, told Reuters that the business currently generates about 400 billion yen in revenue.
Beyond launches, the week featured new closures and changes to several existing funds.
Japan And Australia Enter Third Economic Downturns As Omicron Wave Hits
Upcoming rate hikes could drive an increase in hedging costs for Japanese investors, redirecting flows into unconventional assets and regions. Hedged yield pickup is naturally governed by the relationship of the spot and forward FX rates, which in turn are driven primarily by short-term interest rates.
After underperforming earlier in the year, Japanese equities started rising in late August and should maintain strong momentum in the coming months. The Japanese economy's growth in the recovery quarter, Q2, was solid; and the full-year growth rate for 2021 is projected at 2.4%.
The Japan ETF hit a new 52-week high. Can it soar further higher?
The Japan Topix Index climbed to the highest level since April 1991 and has been outperforming its Asian peers in recent weeks.
Japanese equities have long been overlooked by many global investors. The tide has begun to turn in 2021, but what will it take for Japanese value stocks to make a more sustained recovery?
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.