Exclusive: Hong Kong-based asset owner involved in $100 million Japanese equity ETF deal
A weaker yen has made Japanese equities more attractive. The investment in the Japan ETF has recorded a 5.3% return as of Wednesday during the holding period since May 19.
A recent HK$733.7 million ($93.5 million) investment into a Japanese equity exchange-traded fund (ETF) involved a Hong Kong-based asset owner who sought to take advantage of the sharp depreciation of the Japanese yen against the strong dollar, AsianInvestor has learnt.
The investment was made into the ChinaAMC MSCI Japan Hedged to USD ETF, which has broad-based diversification across different sectors. Top holdings include Toyota Motor, Sony, SoftBank, and Nintendo.
As the green…
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