MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 7, 2007 Western Banks Target Japanese Affluent At 69 trillion yen -- that translates to $590 billion -- the Japanese mutual fund market is a pale shadow of its counterpart in the Umited States. Still, assets in Japanese funds did grow by 25 percent last year, reports Yuka Hayashi for the WSJ Fund Track column. She adds that the growth has caught the attention of non-Japanese banks and wealth managers. HSBC, which is building a retail branch network, and following in the footsteps of Citigroup and UBS. Printed from: MFWire.com/story.asp?s=15660 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |