Press Release
SuMi TRUST's Limited Partnership with MPower
SuMi TRUST is pleased to announce that it has joined MPower as a limited partner.
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Insights
Japan's Economy and Vaccination Rollout Progresses
Japan's real GDP growth rate was -3.9% on an annualised quarter on quarter (QoQ) basis in the January-March 2021, the first negative growth in three quarters, mainly due to a fall in personal consumption. However, if the vaccination rollout progresses, the Japanese economy is expected to recover due to a pick-up in personal consumption, etc.
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Press Release
SMT ETF Carbon Efficient Index Japan Equity Listing (TSE stock code: 2642)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (Representative Director and President: Yoshio Hishida; hereinafter "SuMi TRUST") is pleased to announce the SMT ETF Carbon Efficient Index Japan Equity (TSE stock code: 2642) (hereinafter, “the ETF”) will be listed on the Tokyo Stock Exchange on June 23, 2021.
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News
Market Review for May 2021
TOPIX ended up on the previous month-end. The market was supported by a pause in the rising number of COVID-19 cases in Japan and expectations for the progress of vaccination program whilst the market was temporarily impacted by a plunge of US IT stocks following a hike in US treasury rate in mid-month. The state of emergency in Japan which was extended by another month to mid-June but it did not affect the market.
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News
Vaccination and the Japanese Economy
Japan has seen the biggest delay in the roll out of vaccines among the major nations of the world. The government is currently taking various measures to accelerate vaccinations due to a sense of crisis, and it is expected that the vaccine will spread to the general public by the latter half of the year.
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News
Market Review for April 2021
TOPIX ended down on the previous month-end. The third announcement of the state of emergency in Japan due to resurgence of COVID-19 cases weighed the market. The COVID-19 vaccination campaign in Japan has been slow compared with other developed countries due to supply shortage and delays, which depressed the market.
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Press Release
SuMi TRUST Japan Small Cap II Fund - three years of outperformance
SuMi TRUST Japan Small Cap II Fund celebrates three year of outperformance as bet on digital Japan pays off. Sumitomo Mitsui Trust Asset Management (SuMi TRUST), one of Asia's largest asset management groups with over USD 741 billion AUM*, is celebrating three years of outperformance of its Japan Small Cap II Fund, which launched in April 2018 and has over USD 100million assets under management (AUM).
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News
Are Japanese Equities in a Bubble?
Some market participants believe that Japanese stocks are in a bubble. However, compared to the bubble period of the late-1980s to 1990, I believe the situation today is very different. By comparing the current market with that of the bubble period (late-1980s to 1990) from multiple perspectives, I would like to forecast the future of Japanese stocks.
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News
Market Review for March 2021
TOPIX ended up 4.80% on the previous month-end. The expectations for global COVID-19 vaccinations and US additional economic stimulus underpinned the Japanese equity market although concerns over the hike in US interest rates still remained. The Bank of Japan decided at a monetary policy meeting that they would exclude Nikkei 225 ETF from their ETF buying list, which impacted the Nikkei 225 index.