Daily ETF Watch: Japan ETF Shuttered

March 14, 2016

The Maxis Nikkei 225 ETF last traded on Friday. The fund is being shuttered.

The large-cap Japan equity fund, brought to market by Precidian in July 2011, failed to attract much traction despite the ongoing popularity of Japan equity ETFs tied to Japan’s ongoing reforms under Prime Minister Shinzo Abe’s rule.

NKY gathered only some $44 million in assets since inception. Tracking an equal-weighted index of 225 Japanese stocks listed in Tokyo, the fund was a direct competitor to the iShares Japan Large-Cap ETF (ITF), which also remains small, with only $105 million in assets.

The bulk of investor interest when it comes to exposure to Japan in recent years has steered toward broad-market strategies that go beyond large-cap stocks. Funds such as the iShares MSCI Japan ETF (EWJ | B-97), a total market fund with $17.7 billion in AUM, or the currency-hedged takes on the space such as the WisdomTree Japan Hedged Equity (DXJ |B-66), with $10.6 billion, and the Deutsche X-trackers MSCI Japan Hedged Equity (DBJP | B-73), with $1.1 billion—have attracted most of the asset inflows.

iShares Renames Muni Funds

On a separate note, iShares has renamed a lineup of its muni bond ETFs, including several funds in its iBonds family. Tickers and strategies remained unchanged. They are as follows:


Contact Cinthia Murphy at [email protected].

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