- Online sales of investment trusts surged to almost 5.7 trillion yen $50.8 billion in fiscal 2004, a massive 89 percent increase, according to the Japan Securities Dealers Association. Analysts ascribe the increase mainly to the expansion of investment trust lineups offered by online securities firms. Popular among the users were those targeting foreign bonds with monthly distributions. Online brokerages also announced that they have started offering proprietary products. Rakuten Securities Inc. offered a fund that invests in domestic growth stocks. Monex Beans said it would release an investment trust targeting hedge funds in Asian countries.
- Companies in Japan shelled...