Active Investing in Japan

Since posting the monthly ranking of Japanese Mutual Funds in the U.S. (by net assets) for September, the latest data as of month-end October, show the top-2 funds, both from Fidelity, registered growth in net assets, especially the Fidelity Japan fund (FJPNX; +$30M, to $1.78B). However, the T. Rowe Price Japan fund (PRJPX) saw another decline in net assets, by about $11.5M, to $405.6M, after losing around $26M in Sept. Also, Matthews Japan (MJFOX) lost about $22M in net assets to $213.4M, after holding steady at $235.1M in Sept. The biggest change was a $52M decline in DWS Japan Equity (FJESX) net assets to $34.36M. Click through for the ranking table. continue reading…

Japan market summary for Friday (Nov. 30)
Nikkei 225 Stock Average: +166.93 (+1.1%) to 15,680.67
Nikkei 225 futures Osaka: +160 (+1.0%) to 15,730, Singapore (SGX) +155 (+1.0%) to 15,710, Chicago (CME) *11/29 +50 (+0.3%) to 15,585
TOPIX: +17.41 (+1.1%) to 1,531.88; Advancers 1,229 x decliners 406 (unch. 86), New highs 8 x new lows 7; 28/33 sectors posted gains
Nikkei Jasdaq: +2.49 (+0.1%) to 1,754.41
Yen: mostly unchanged against the US$ and euro late in Tokyo, at the 110.15 and 162.50-55 levels, respectively continue reading…