Real gross domestic product shrank 2.3% on an annualized basis in the third quarter, compared with preliminary estimates of a 1.8% fall.
The European Union and Japan expressed confidence on Friday that they had secured limits on U.S. tariffs on pharmaceuticals, which President Donald Trump said he would impose next week at a rate of 100%.
Nikkei 225's rally, fueled by U.S. rate cut hopes, trade truces, and Japan's pro-investment policies, is boosting demand for Japan-focused ETFs like EWJ and JPXN.
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The company in discussion is a mutual fund that focuses on investing in the Japanese equity market, particularly targeting the large- and mid-capitalization segments. It commits at least 80% of its assets to securities that are part of its underlying index or investments closely mirroring the economic characteristics of those securities. The underlying index aims to provide a comprehensive measure of the performance within these segments of the Japanese market, indicating the fund's strategy to leverage the growth and stability of established companies in Japan.
The fund invests a significant portion of its assets directly in the securities that make up its underlying index. This approach allows for a diversified exposure to the large- and mid-cap sectors of the Japanese equity market, striving to mirror the index’s performance as closely as possible.
Beyond direct investment in the component securities, the fund also seeks out investments that have economic characteristics which are substantially identical to those of the securities in its underlying index. This strategy is designed to enhance the fund's ability to track the overall performance of the index, even when direct investment in a component security is not possible or practical.