Commodity ETFs in the Japanese Stock Exchanges

10 Pages Posted: 27 May 2011

See all articles by Nobuyoshi Yamori

Nobuyoshi Yamori

Kobe University - Research Institute for Economics & Business Administration

Date Written: May 20, 2011

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.

Keywords: Commodity futures, ETF, Japan, stock markets, TOCOM

JEL Classification: G10, G19

Suggested Citation

Yamori, Nobuyoshi, Commodity ETFs in the Japanese Stock Exchanges (May 20, 2011). Available at SSRN: https://ssrn.com/abstract=1847463 or http://dx.doi.org/10.2139/ssrn.1847463

Nobuyoshi Yamori (Contact Author)

Kobe University - Research Institute for Economics & Business Administration ( email )

2-1, Rokkodai cho
Nada-ku
Kobe, 657-8501
Japan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
141
Abstract Views
815
rank
248,653
PlumX Metrics