Nomura Asset Management is set to be the first firm to list an active ETF in Japan.
The fund manager has secured approval from the Tokyo Stock Exchange.
The two funds, Next Funds Japan Growth Equity Active ETF and Next Funds Japan High Dividend Equity Active ETF, will be listed on September 7.
Active ETFs have become increasingly popular with investors globally, especially in the US, the UK and Australia.
It is estimated that the number of actively managed ETFs now stands at 2,075, with assets under management of US$583 billion.
©2023 funds global mena