There is only 1 newly established fund this week. Daiwa Asset Management will begin managing the iFreePlus Nikkei Average Trend Pick, a fund investing in Japanese equities, from 10 to 14 August.
There will be only 1 newly established fund next week, with the fund scheduled to begin operations on 13 August. Named iFreePlus Nikkei Average Trend Pick, the fund will select stocks from companies included in the Nikkei 225 based on 3 factors: price momentum, market sensitivity and trading activity. After selection, the portfolio will be narrowed to 10–30 holdings, which will be reviewed every 3 months in response to changes in market conditions.
The newly established fund will be eligible for the growth investment quota under the new NISA. The fund will be distributed through SBI Securities, Rakuten Securities and Monex Securities.
The fund will select holdings from companies included in the Nikkei 225, with its holdings periodically reassessed in line with market conditions. Further details on risk management and performance indicators after the fund begins operations will be provided in future announcements.