Starting this month, both domestic and global asset management companies in Japan will launch a wave of investment trusts, or mutual funds, investing in Japanese equities aimed at Japan's retail market.

The latest Japanese equity investment trust offering comes from Daiwa Asset Management Co., which was to be introduced Feb. 10. Marketed as an aggressive growth investment trust, its target size is 300 billion (US$2.8 billion) but will likely exceed that figure since it is an open-end fund, said sources in Tokyo. Others preparing to launch Japanese equity investment trusts over the next few weeks include foreign firms GE Capital Japan, JP Morgan and ING Barings, of Tokyo, as well as the domestic firms of Nikko Asset Management Co. and Nomura Asset Management Co., both of Tokyo.

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