Subadvisors Are Gaining Importance in Japan's Toshin Market
Investment Japan Ever since Japan’s Financial Services Agency (FSA) released “Progress Report on Enhancing the Asset Management Business 2020” last June, a hot topic in the country has been the use of subadvisors to enhance asset management capability. Many of the world’s leading assets managers have served as subadvisors in Japan’s toshin market, but it is only with the recent success of foreign equity funds that their role has drawn significant attention. ( T toshi-shintaku, or investment trust akin to mutual funds and closed-end funds in the U.S.) Shoko Shinoda, Fund Analyst of ...
Source: institutionalinvestor.com