Global S&T Development Trend Analysis Platform of Resources and Environment
Reforming the Fee Structure of Investment Trusts to Increase Demand | |
[unavailable] | |
2017-02-06 | |
出版年 | 2017 |
语种 | 英语 |
国家 | 国际 |
领域 | 气候变化 |
英文摘要 |
![]() Fees need to be reformed to better align the interests of distributors and asset management companies. Since 1998, sales channels for investment trusts have expanded in Japan. We expected this to result in greater demand for investment trusts but these expectations have yet to be met. The underlying causes of investment trusts’ slow growth may be due to negative net returns to individual investors during the economic downturn—i.e., after deducting costs from dividends. When the Japanese economy is sluggish, asset management companies should invest in high-growth Asia, among other regions, rather than the domestic market. And when domestic financial markets are strong, companies should invest more in Japanese markets. Investment trusts are the vehicle for seizing world economic trends. However, the performance of Japan’s investment trusts has not been as good as that of the United States (US). To further enhance demand for investment trusts, their fee structure must be changed so that asset management companies, distributors, and individual investors seek the same goals. In other words, the interest of distributors and asset management companies would need to be better aligned. WORKING PAPER NO: 658 |
URL | 查看原文 |
来源平台 | Asian Development Bank |
文献类型 | 科技报告 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/233844 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | [unavailable]. Reforming the Fee Structure of Investment Trusts to Increase Demand,2017. |
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文件名称/大小 | 文献类型 | 版本类型 | 开放类型 | 使用许可 | ||
adbi-wp658.pdf(1279KB) | 科技报告 | 开放获取 | CC BY-NC-SA | 浏览 下载 |
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