Japan's small and mid-cap stocks focus of new actively managed ETF

South Shore school lunch program setting the standard | SaltWire #school #lunch #education - Rayliant Global Advisors and Sumitomo Mitsui DS Asset Management on Thursday launched the first actively managed exchange-traded fund to focus specifically on Japanese small- and mid-cap stocks, the companies said.

In contrast to the Matthews ETF, whose holdings include household names like Hitachi Ltd and Mitsubishi Corp, the just-launched Rayliant SMDAM Japan Equity ETF will target companies with a market capitalization of between $2 billion and $5 billion. Examples range from Sanrio Co, which owns the 'Hello Kitty' brand, to Maruwa Co, a manufacturer of spcialist ceramic components for high-end electronics, Hsu said.

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