Japan Smaller Capitalization Fund is a closed-ended equity mutual fund launched by Nomura Asset Management U.S.A. Inc. It is managed by Nomura Asset Management Co., Ltd. The fund invests in the public equity markets of Japan.
It invests in stocks traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex, and indices. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small cap companies.
The fund benchmarks the performance of its portfolio against the The Russell/Nomura Small Cap Index. It was formerly known as Japan OTC Equity Fund, Inc. Japan Smaller Capitalization Fund, Inc. was formed on March 22, 1990 and is domiciled in the United States.
What does Japan Smaller Capitalization Fund, Inc. (JOF) do?
Japan Smaller Capitalization Fund, Inc. is a closed-ended equity mutual fund that focuses on investing in the public equity markets of Japan. The fund primarily targets small-capitalization companies, seeking to provide investors with exposure to the growth potential of smaller Japanese firms. It invests in stocks traded on major Japanese exchanges such as the Tokyo, Osaka, and Nagoya Stock Exchanges, as well as alternative markets like JASDAQ, Mothers, Hercules, and Centrex. The fund's portfolio is diversified across various sectors, and its performance is benchmarked against the Russell/Nomura Small Cap Index. It is managed by Nomura Asset Management Co., Ltd., a subsidiary of Nomura Holdings.
Where is Japan Smaller Capitalization Fund (JOF) listed and in which currency?
Japan Smaller Capitalization Fund, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol JOF. The fund trades in U.S. dollars (USD), making it accessible to investors in the United States and other markets that use the dollar. Despite its focus on Japanese equities, the fund is domiciled in the United States and its shares are priced in USD, which simplifies investment for U.S.-based investors. The listing on the NYSE provides liquidity and transparency, as the fund is subject to the exchange's regulatory requirements.
What sector and industry does Japan Smaller Capitalization Fund (JOF) belong to?
Japan Smaller Capitalization Fund, Inc. operates in the Financial Services sector, specifically within the Asset Management industry. As a closed-ended mutual fund, its primary business is to pool investor capital and invest it in a diversified portfolio of Japanese small-cap stocks. The fund is managed by professional asset managers at Nomura Asset Management Co., Ltd., who make investment decisions to achieve the fund's objectives. Being in the asset management industry means the fund generates revenue through management fees and, in some cases, performance fees, though the specific fee structure is not detailed in the provided data.
What is the geographic focus and market served by Japan Smaller Capitalization Fund (JOF)?
Japan Smaller Capitalization Fund, Inc. is geographically focused on Japan, investing exclusively in the public equity markets of that country. The fund targets small-capitalization companies listed on Japanese stock exchanges, including the Tokyo, Osaka, and Nagoya Stock Exchanges, as well as alternative markets like JASDAQ, Mothers, Hercules, and Centrex. While the fund's investments are in Japan, the fund itself is domiciled in the United States and was formed on March 22, 1990. It is managed by Nomura Asset Management U.S.A. Inc. and sub-advised by Nomura Asset Management Co., Ltd. in Japan. This structure allows U.S. investors to gain exposure to Japanese small-cap stocks without directly investing in foreign markets.
What is the history and management structure of Japan Smaller Capitalization Fund (JOF)?
Japan Smaller Capitalization Fund, Inc. was originally known as Japan OTC Equity Fund, Inc. before being renamed. It was formed on March 22, 1990, and is domiciled in the United States. The fund is launched by Nomura Asset Management U.S.A. Inc. and managed by Nomura Asset Management Co., Ltd., a subsidiary of Nomura Holdings, one of Japan's largest financial groups. The fund's investment strategy focuses on small-cap Japanese equities, and it benchmarks its performance against the Russell/Nomura Small Cap Index. As a closed-ended fund, it issues a fixed number of shares that trade on the NYSE, and its market price can differ from its net asset value. The fund's long history and affiliation with Nomura provide investors with a seasoned management team experienced in Japanese equity markets.