Long Term investment (9)
Shift from savings to investments at long-term crossroads in Japan.
Pain tolerance: are you still there?
At some point I knew this would happen but I can’t help mentioning it: The idea to repackage US toxic assets into publicly distributed Investment Trust and sell it to Japanese individuals is finally going into practice.
Blackrock AM already expressed interest in sub-advising US government sponsored toxic assets public scheme and has already embarked into capital raising plan. Targets are worldwide institutional investors for US$5 to 7 billion out of which US$1 billion from Japanese institutional investors. However this is not the point, the juicy bit is obviously chasing Japanese retail investors trough a purpose-made publicly distributed Investment Trust.
Brilliant concept? Sorry not so... The idea was suggested in Japanese weekly Diamond as early as 9th January 2009. Perhaps ‘Wakuwaku’ Economic research institute should sue Blackrock’s Fink for copyright infringement! If you think about it a publicly distributed investment trust mainly invested into US toxic assets looks like the ultimate product for yield hungry retail investors. . 次のページを見て