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Ibbotson Associates Japan Katsunari Yamaguchi: Liquidity risk is a concern for Japan ETF market

Exchange Traded Funds (ETFs) are still new in Asia, even to advanced economies like Japan, judging by the number of listings and trading volume. Liquidity is one of the major risks when investing in ETFs in Japan, but it is believed that liquidity can be build up over time.

Jessie Yung 14.10.2011

Exchange Traded Funds (ETFs) are still new in Asia, even to advanced economies like Japan, judging by the number of listings and trading volume. We are pleased to have Katsunari Yamaguchi, President of Ibbotson Associates Japan, to share his views on ETF development in Japan.

 

The first ETF in Japan, Nomura Nikkei 300 ETF, was listed on Tokyo Stock Exchange (TSE) in 1995, only to be followed by another listing some six years later.  With the onset of the “baby boom” in 2008, there are now over 100 ETFs trading on TSE, the highest number of listings in Asia but trading remains thin. Historical data provided by TSE indicates that the turnover value of ETFs accounts for less than 1% of stocks traded on its first, second and Mothers section.

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Jessie Yung  

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