Reported about 1 year ago
In an attempt to follow Warren Buffett's 'money into Japan' strategy, China International Capital Corporation Asset Management (CICT) is launching a new series of ETFs focused on Japan, including CICT Japan Trading Companies ETF, CICT Japan Semiconductor ETF, and CICT Nikkei High Dividend ETF. Priced at a user-friendly rate of 10 yuan per unit, the fundraising for these ETFs will commence on July 30, offering investors access to high-purity and high-value investment opportunities in Japan's resurgent economy and stock market. Taking advantage of the depreciating yen, the revitalized Japanese manufacturing sector, and tourism, CICT's move aims to provide a chance for investors to capitalize on the undervalued Japanese stock market compared to US stocks, especially emphasizing Buffett's continued interest in Japanese trading companies. With an optimistic outlook on Japan's semiconductor industry and corporate reform initiatives, including Tokyo Stock Exchange's focus on governance improvement, these new ETFs offer an easy and affordable way for investors to ride the wave of Japan's economic revival.
Source: YAHOO