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Japanese retail investors pull out of bear fund as Nikkei hits 26-year peak

Net asset value of popular Nomura ETF drops almost 24 per cent to 150.1b yen last week from Oct 31 peak


JAPANESE retail investors are pulling out of a popular bear market fund as a rally in the benchmark Nikkei index to 26-year highs prompts many market participants to ditch their contrarian strategies.

The fund is designed to pay investors two times the opposite of the Nikkei

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