Japanese investors turn to Wall St bonds for higher yields
Tokyo
JAPAN'S yield-hungry individual investors are shopping for bonds on Wall Street as the country's companies sell record amounts of dollar-denominated debt.
SBI Holdings Inc started offering a fund featuring Japanese corporate US currency debt on Tuesday, competing with similar plans from Mitsubishi UFJ Financial Group Inc and Daiwa Securities Group Inc. The SBI-Pimco Japan Better Income Fund includes Nissan Motor Co notes that yield about 1.2 per cent when fully currency hedged, 10 times that on its comparable yen notes, according to an investor handout.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge
Rescue pup to meme star: the real-life ‘Dogecoin’ dog
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea