State Street Investment Management has launched its first Japan-domiciled exchange-traded funds, listing five new products on the Tokyo Stock Exchange in a move the firm says underscores its long-term commitment to Japanese investors.
The debut marks an expansion of its locally tailored offering as it seeks deeper engagement across the retail and intermediary landscape.
Dohei Echizenya, head of Japan at State Street Investment Management, commented that the introduction of Japan-domiciled ETFs “demonstrates our commitment to delivering world-class investment solutions” and comes as investors increasingly look for diversified, transparent and low-cost strategies.
The new funds are said to complement the group’s existing suite of three cross-listed U.S.-domiciled ETFs, 32 investment trust management funds and more than 60 offshore ETFs registered in Japan.
The new listings include unhedged and yen-hedged SPDR gold ETFs, two S&P 500 ETFs with hedged and unhedged share classes, and an S&P 500 high-dividend ETF. Management fees range from 0.03025% to 0.177% inclusive of consumption tax.
Anna Paglia, chief business officer, said the new gold products build on State Street’s legacy, dating back to the launch of SPDR Gold Shares in 2004.
The World Gold Council’s Joseph Cavatoni added that gold’s stability and performance during periods of inflation and monetary policy shifts could support strong demand from Japanese investors.
State Street Investment Management, with US$5.45 trillion in assets under management, remains one of the world’s largest ETF innovators and continues to expand its presence across major global markets.
AloJapan.com