FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su
TOKYO - Toyota Motor Corp’s research arm said on Thursday that it would create an $800 million global investment fund. The fund called Woven Capital is to invest in companies in areas including autonomous mobility and smart cities, Toyota Research Institute-Advanced Development said in a statement. Earlier this year, the Japanese automaker unveiled a plan to build a prototype “city of the future” called Woven City at the base of Japan’s Mount Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars.
Lipper reports equity fund outflows of $2.8B in week ending Sept 16th vs outflows of $1.9B in week ending Sept 9th Fifth consecutive week of equity fund outflows. Equity ETFs saw inflows of $5.3B. Equity mutual funds saw outflows of $8.1B.