Sumitomo lists core Topix tracker in Tokyo, charging 0.07%

Sumitomo Mitsui Financial Group (SMFG), one of Japan’s largest banks, is listing an ultra-cheap core Japanese equity ETF in a reminder that Japan’s ETF market is the world’s cheapest.

The SMDAM Topix ETF (2557) will track the Topix, the most famous gauge of Japan’s stock market. It will charge a mere 0.07% a year.

Japan has the cheapest ETF market in the world. Most ETF providers are incumbent asset managers making products for other institutions. One of Japan’s biggest ETF buyers has been the country’s central bank.

SMFG has one other ETF – a Japan REIT tracker, which has US$830 million under management.

 Japan’s most expensive core ETF charges 0.11%.  

Inception Date Ticker Fund Name Provider Fee (%p.a.)
Oct. 20, 2015 1475 iShares Core TOPIX ETF BlackRock Japan 0.06
May 15, 2009 1348 MAXIS TOPIX ETF Mitsubishi UFJ Kokusai Asset Management 0.078
Sep. 07, 2015 1473 One ETF TOPIX Asset Management One 0.078
Jan. 09, 2002 1308 Listed Index Fund TOPIX Nikko Asset Management 0.088
Jul. 13, 2001 1305 Daiwa ETF-TOPIX Daiwa Asset Management 0.11
Jul. 13, 2001 1306 TOPIX ETF Nomura Asset Management 0.11

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