Cash flows into Japan equity funds last week were dominated by ETFs, with eight Japanese equity tracker funds pulling in $936.8m in the seven days to Wednesday, according to Lipper.
This figure accounts for almost all of the $955.9m total flows into Japan equity funds in that period. Interest in the iShares MSCI Japan index fund, the largest ETF dedicated to the country, took off dramatically last week, peaking at almost 400m shares traded. Bloomberg data shows this compares to the previous daily average of around 24m shares. Despite early concerns though, such elevated volumes were not the result of panic selling. Lipper says iShares MSCI Japan attracted inflows of $860m in the week up to last Wednesday. On Tuesday, when the fund's NAV dropped nearly 15% t...
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