Commodity ETFs in the Japanese Stock Exchanges

Yamori, Nobuyoshi (2011): Commodity ETFs in the Japanese Stock Exchanges.

Abstract

The “Financial Big Bang” reforms during the latter half of the 1990s substantially transformed the Japanese financial system, but despite this, the level of risky assets that Japanese households have in their portfolio has not increased. One reason for this is the lack of knowledge necessary to invest in risky assets, such as stocks. Therefore, the Japanese government and financial industry have developed collective investment schemes such as investment trusts, which are an effective way to hold risky assets for retail investors who lack sophisticated investment knowledge. This paper analyzes commodity investment trusts and commodity ETFs as a method for investing in commodities.

• Item Type: MPRA Paper
• Language: English
• Keywords: Commodity futures; ETF; Japan; Stock markets
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G29 - Other; G - Financial Economics > G1 - General Financial Markets > G10 - General

References

Yamori, Nobuyoshi, "Characteristics of Japan's Commodities Index and its Correlation with Stock Index," Journal of Applied Research in Finance I(2) , 187-192, Winter 2009.

Yamori, Nobuyoshi, "Co-movement between Commodity Market and Equity Market: Does Commodity Market Change?," Modern Economy forthcoming.