State Street launches Japan Ucits ETF

Tokyo cityState Street Global Advisors (SSGA) has launched a Japan equity exchange-traded fund (ETF) under its SPDR brand and listed it in Germany.

The SPDR MSCI Japan Ucits ETF is listed on the Deutsche Börse Xetra and available in hedged and unhedged currency share classes.

SSGA says the ETF allows investors to access the performance of large and mid-cap segments of the world’s third largest economy.

The fund will be available in Austria, Denmark, Finland France, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain and Sweden.

Axel Riedel, head of SPDR ETFs for Germany, says the offer of “multiple tailored solutions” for achieving Japanese exposure via hedged and unhedged share classes is a recent advance in the ETF market.

“Japan has had a challenging two decades; however multiple reforms of fiscal stimulus and accommodative monetary policy have helped it weather the storm with the MSCI Japan up 9.39% year to date in local terms.”

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