If foreign firms want to penetrate Japan’s fund management industry, their best bet is through defined benefit and sub-advisory channels, according to a report issued today by Cerulli Associates.

But future growth in Japan is not likely to come easily to foreign firms. Cerulli predicts that non-Japanese firms will represent only 14% of Japan’s fund management industry by 2005.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.