Ranking of Japanese Mutual Funds by Assets in the U.S. – Oct. 2007

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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.

[Ticker] [Fund Name] [Net Assets ($m)]
FJPNX — Fidelity Japan — 1,780.000
FJSCX — Fidelity Japan Smaller Companies — 812.310
PRJPX — T. Rowe Price Japan — 405.620
SJPNX — Japan S — 370.230
MJFOX — Matthews Japan — 213.370
SPARX — SPARX Japan Institutional — 82.990
HFJAX — Henderson Japan-Asia Focus A — 54.350
FJEAX — DWS Japan Equity A — 53.420
FJECX — DWS Japan Equity C — 47.370
CVJAX — JPMorgan Japan A — 40.140
FJESX — DWS Japan Equity S — 34.360
FAJCX — Fidelity Advisor Japan C — 33.950
FJPAX — Fidelity Advisor Japan A — 33.000
HFJCX — Henderson Japan-Asia Focus C — 32.060
JPNAX — Morgan Stanley Japan A — 31.360
WPJGX — Credit Suisse Japan Equity Comm — 31.160
JSCFX — Japan Smaller Companies — 26.440
SPXJX — SPARX Japan Investor — 19.240
RYJPX — Rydex Japan 1.25x Strategy H — 14.530
FAJTX — Fidelity Advisor Japan T — 14.300
JPNCX — Morgan Stanley Japan C — 12.400
RYAJX — Rydex Japan 1.25x Strategy A — 11.670
FJEBX — DWS Japan Equity B — 11.440
OBJAX — Oppenheimer Baring Japan A — 11.380
JPNBX — Morgan Stanley Japan B — 10.460
UKPIX — ProFunds UltraShort Japan Inv — 8.390
CNJFX — Commonwealth Japan — 8.120
FAJBX — Fidelity Advisor Japan B — 7.920
RYCJX — Rydex Japan 1.25x Strategy C — 7.190
DXJLX — Direxion Japan Bull 2X Inv — 6.820
AJFAX — AIM Japan A — 5.620
CVJBX — JPMorgan Japan B — 5.270
JPNDX — Morgan Stanley Japan D — 4.760
AJFCX — AIM Japan C — 1.720
AJFBX — AIM Japan B — 1.270
AJFIX — AIM Japan I — 0.710
OBJYX — Oppenheimer Baring Japan Y — 0.450
OBJCX — Oppenheimer Baring Japan C — 0.360
CUJAX — Credit Suisse Japan Equity A — 0.250
UKPSX — ProFunds UltraShort Japan Svc — 0.250
OBJBX — Oppenheimer Baring Japan B — 0.220
WPJAX — Credit Suisse Japan Equity Adv — 0.110
OBJNX — Oppenheimer Baring Japan N — 0.010
SPJSX — SPARX JAPAN SMALLER COMPANIES F — n/a

By comparison, iShares MSCI Japan ETF (EWJ) had $11.59B in assets as of the end of Oct., compared to $11.97B at the end of Sept. iShares S&P/TOPIX 150 (ITF) had $283.35M vs. $303M.