eMAXIS Slim Domestic Equity (TOPIX), which seeks to track the TOPIX, ranked first as of the end of July in total net assets among Japanese equity funds. Assets stood at ¥765.9 billion, with its low costs supporting inflows.
The leader by total net assets among Japanese equity funds changed, with eMAXIS Slim Domestic Equity (TOPIX) reaching ¥765.9 billion in assets as of the end of July and ranking first for the first time on a month-end basis.
Inflows during the period were strong, with the fund’s ¥280.2 billion in inflows over the latest one-year period the largest among all Japanese equity funds.
The article cites the fund’s low costs as a factor behind the successive inflows, while further coverage will focus on comparisons with other funds and future trends.