Personal Finance for Residents of Japan
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The 1%-1.5% active fees are very iky IMO. I think the .5% - .75% cap should have been universal.zeroshiki wrote: ↑Sun Oct 29, 2023 2:34 pm I like how the government really wants to save people from themselves. I wish they'd use this rule for the full 3.6M and not just the tsumitate portion. Kinda surprised they're even allowing active funds but the restriction on management fees, age and total assets is helps shield some of that I guess.
But not some of the recently established funds, it seems? There seems to be some maturity requirement. Can someone with better Japanese give me their take?zeroshiki wrote: ↑Mon Oct 30, 2023 10:12 am Effectively there should be no difference with the current T-NISA choices. The FSA won't suddenly change their standards although the infographic that Tsumitate Wrestler shared does show them being a little lenient on active funds.
For the vast vast majority of us looking to do a globally diversified low cost index fund, the major ones like eMaxis Slim, Tawara no load, SBI, Rakuten VT will all be there.
On your infographic it says for active funds 5 years since establishment of the fund needs to have passed. For the index funds, they need to follow that list of indices. Anything outside that is a no go and will be considered an active fund (for example the Dow index).Tsumitate Wrestler wrote: ↑Mon Oct 30, 2023 10:40 amBut not some of the recently established funds, it seems? There seems to be some maturity requirement. Can someone with better Japanese give me their take?zeroshiki wrote: ↑Mon Oct 30, 2023 10:12 am Effectively there should be no difference with the current T-NISA choices. The FSA won't suddenly change their standards although the infographic that Tsumitate Wrestler shared does show them being a little lenient on active funds.
For the vast vast majority of us looking to do a globally diversified low cost index fund, the major ones like eMaxis Slim, Tawara no load, SBI, Rakuten VT will all be there.
Thank you. The link has a good example as well it seems.zeroshiki wrote: ↑Mon Oct 30, 2023 10:48 amOn your infographic it says for active funds 5 years since establishment of the fund needs to have passed. For the index funds, they need to follow that list of indices. Anything outside that is a no go and will be considered an active fund (for example the Dow index).Tsumitate Wrestler wrote: ↑Mon Oct 30, 2023 10:40 amBut not some of the recently established funds, it seems? There seems to be some maturity requirement. Can someone with better Japanese give me their take?zeroshiki wrote: ↑Mon Oct 30, 2023 10:12 am Effectively there should be no difference with the current T-NISA choices. The FSA won't suddenly change their standards although the infographic that Tsumitate Wrestler shared does show them being a little lenient on active funds.
For the vast vast majority of us looking to do a globally diversified low cost index fund, the major ones like eMaxis Slim, Tawara no load, SBI, Rakuten VT will all be there.
The other consideration is if the broker offers it or not which I assume Monex covers most but not all.
They have that too (for active funds). 5 billion yen.Tsumitate Wrestler wrote: ↑Mon Oct 30, 2023 11:00 amThank you. The link has a good example as well it seems.zeroshiki wrote: ↑Mon Oct 30, 2023 10:48 amOn your infographic it says for active funds 5 years since establishment of the fund needs to have passed. For the index funds, they need to follow that list of indices. Anything outside that is a no go and will be considered an active fund (for example the Dow index).Tsumitate Wrestler wrote: ↑Mon Oct 30, 2023 10:40 am
But not some of the recently established funds, it seems? There seems to be some maturity requirement. Can someone with better Japanese give me their take?
The other consideration is if the broker offers it or not which I assume Monex covers most but not all.
It seems strange.....why not have a net asset minimum?