State Street launched two new exchange traded funds (ETFs) today focusing on Japan.  These are the first single country ETFs State Street has launched and Polya Lesova of InvestmentNews reports they are working on a China ETF.

streetTRACKS Russell/Nomura Prime Japan (JPP) measures the performance of the 1,000 largest Japanese stocks and holdings include Toyota Motor Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group.

streetTRACKS Russell/Nomura Small Cap Japan (JSC) tracks the smallest 15% of Japanese companies, including Elpida Memory Inc, Japan Steel Works and Sumitomo Titanium Corp.

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