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Japan mutual funds value inches up, weak performance offsets inflow
September 13, 2012 / 10:07 AM / 5 years ago

Japan mutual funds value inches up, weak performance offsets inflow

TOKYO, Sept 13 (Reuters) - The asset value of Japanese
mutual funds inched up in August, its third consecutive monthly
gain, as investors bought into less risky bond funds, but
overall performance was lower due to dividend payouts by equity
funds, an industry body said on Thursday.
    The overall value of investment trust funds, a type of
mutual fund known as toushin, rose 58.6 trillion yen ($752.54
billion), which was a slim 1.4 billion yen increase from a month
earlier, the Investment Trusts Association said.
    Naoyuki Ichikura, section head of the association's system
business office, said the performance of Japan domicile equity
funds was affected by dividend payouts, which totalled 386
billion yen ($4.96 billion) in August.
    This reduced the value of equity funds to 48.01 trillion
yen, down 0.2 percent or 115.3 billion yen from the previous
    Despite the decline, the value of bond funds showed the
biggest monthly increase in six months, helped by strong inflows
into short-term money reserve funds, Ichikura said.
    The value of bond funds rose 1.1 percent or 116.6 billion
yen to 10.57 trillion yen, the first rise in value since March.
    Overall net inflows into mutual funds bought by Japanese
retail investors tripled to 143.7 billion yen from the previous
    Inflows into equities funds slowed to 26.9 billion yen in
August from 95.6 billion yen a month earlier.
    "Investors could be still cautious about pouring their money
in equity funds after seeing global and domestic share markets
hit hard in April and May," Ichikura said.
    Japan's mutual fund market, which is bigger than the economy
of Turkey, is the second-largest in the Asia-Pacific region
after Australia and the eighth-largest in the world.

    Following is a breakdown of the August data:
    Net money flows (in yen):    
                        Aug             July          
    Overall:         +143.7 bln        +49.5 bln
    Stocks:           +26.9 bln        +96.5 bln
    Bonds:           +116.8 bln        -46.1 bln
    Value of publicly placed toushin (in yen):
                        Aug             July       mth/mth 
    Overall:         58.58 trln       58.58 trln    +0.0%
    Stocks:          48.01 trln       48.13 trln    -0.2%
    Bonds:           10.57 trln       10.45 trln    +1.1% 
    Value of privately placed toushin (in yen): 
                        Aug            July       mth/mth
    Overall:         28.34 trln       28.53 trln    -0.7%
    Stocks:          27.79 trln       27.97 trln    -0.6%
    Bonds:           551.1 bln        559.3 bln     -1.5%  
                        Aug             July       mth/mth    
    Value of ETFs:   3.44 trln         3.40 trln    +1.4% 
    Assets in foreign currencies (in yen):    
                        Aug             July       mth/mth
    Overall:         22.52 trln       22.74 trln    -0.9%
    Stock:            3.51 trln        3.56 trln    -1.4%
    Bond:            12.63 trln       12.66 trln    -0.2%
($1 = 77.8700 Japanese yen)

 (Reporting by Chikafumi Hodo; editing by Miral Fahmy)

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