State Street Global Advisors has plans to launch global exchange traded funds (ETFs) in Japan to boost available options for investors. As of now, ETFs have not proliferated in the land of the rising sun. Quite a few distributors are there who charge a small fee, but there is no incentive to sell ETFs. Japan might add a gold ETF to its current lineup, reports Ronan McCaughey for Global Pensions, in addition to its recently launched Asian bond ETF.
The ETF arena is dominated by the U.S. with $406.8 billion in assets, followed by Europe with $89.7 billion and Japan with $34.6 billion.
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