The fund has seen its AUM approach $300 million thanks to $86 million in net inflows so far this year and as its name states, provides small cap exposure to Japan’s equity market whereas EWJ and DXJ have not just large cap slants, but “megacap” biases in terms of their market cap based portfolio weightings.
NKY (MAXIS Nikkei 225, Expense Ratio 0.50%) and ITF (iShares S&P TOPIX 150, Expense Ratio 0.50%) have also seen upticks in activity this year (NKY now averages more than 1 million shares traded daily, and the fund is not even two years old yet) as more eyes, both from institutional portfolio managers as well as sell-side traders and arbitrageurs are on the Japanese equity markets thanks to the increase in daily interest here and the raging bull nature of its market.
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