As of December 2024, Nomura Asset Management Co., Ltd. was one of the leading asset management companies in Japan, with total net assets in publicly offered investment trusts amounting to around **** trillion Japanese yen. Mitsubishi UFJ Asset Management followed, with total net assets of over **** trillion yen. Investment management industry The investment management industry in Japan encompasses two types of business: asset management and investment advisory. The former is offered by discretionary investment advisory firms, which are authorized to manage assets on behalf of their clients. On the other hand, investment advisory firms, as the name suggests, are limited to providing advisory services. Total assets under management in the investment management industry, including discretionary assets and assets under advice, amounted to ***** trillion yen in March 2024. Investment trust market The investment trust market in Japan has gradually grown over the past ten years. As of the end of 2024, the total net assets of investment trusts amounted to around ***** trillion yen, up from *** trillion yen a decade ago. While publicly offered investment trusts made up the larger share of the amount, privately placed investments reached a net asset value of ***** trillion yen. Securities companies represented the leading distribution channel for investment trusts, followed by financial institutions, such as banks.

Japan PIA: MI: Equity and investment fund shares(EIF): Acquisition: Total data was reported at 6,023.700 JPY bn in Jun 2018. This records an increase from the previous number of 5,482.900 JPY bn for May 2018. Japan PIA: MI: Equity and investment fund shares(EIF): Acquisition: Total data is updated monthly, averaging 1,933.650 JPY bn from Jan 2005 (Median) to Jun 2018, with 162 observations. The data reached an all-time high of 6,023.700 JPY bn in Jun 2018 and a record low of 912.200 JPY bn in Dec 2011. Japan PIA: MI: Equity and investment fund shares(EIF): Acquisition: Total data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.O003: Portfolio Inv Assets (PIA) by Types of Investors - Based on reports from designated Major Investors (MI).

In the fiscal year 2024, the assets under management (AUM) by the Japanese Government Pension Investment Fund (GPIF) had increased by roughly 115 trillion Japanese yen since 2015. With a current total of around 249.8 trillion yen in assets, the GPIF is among the world's top-ranking public pension funds. Located in Tokyo, Japan, the GPIF was established to manage assets on behalf of the state with the primary goal being to generate returns for state pensions. Due to the fund's purpose, public pension funds often follow a lower-risk strategy, splitting assets among securities such as bonds, real estate, and index funds. Recently, many pension funds have also turned to alternative investments such as hedge funds and commodities.

As of March 2024, outward investment in securities accounted for the largest share of financial assets held by investment trusts in Japan, with around **** percent. The total value of financial assets held by investment funds amounted to about ***** trillion Japanese yen.

Japan Assets: Flow: HH: Equity and Investment Fund Shares (ES) data was reported at -1,150.300 JPY bn in Jun 2018. This records a decrease from the previous number of 2,206.400 JPY bn for Mar 2018. Japan Assets: Flow: HH: Equity and Investment Fund Shares (ES) data is updated quarterly, averaging 152.850 JPY bn from Mar 1998 (Median) to Jun 2018, with 82 observations. The data reached an all-time high of 4,112.000 JPY bn in Mar 2000 and a record low of -2,993.400 JPY bn in Jun 2017. Japan Assets: Flow: HH: Equity and Investment Fund Shares (ES) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.AB087: SNA08: Households: Flow.

Japan Assets: Flow: BI: Equity and Investment Fund Shares (ES) data was reported at 0.000 JPY bn in Mar 2018. This stayed constant from the previous number of 0.000 JPY bn for Dec 2017. Japan Assets: Flow: BI: Equity and Investment Fund Shares (ES) data is updated quarterly, averaging 0.000 JPY bn from Mar 1998 (Median) to Mar 2018, with 81 observations. Japan Assets: Flow: BI: Equity and Investment Fund Shares (ES) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.AB021: SNA08: Financial Institution: Securities Investment Trust: Bond Investment: Flow.

Japan PIA: Equity and investment fund shares(EIF): Disposition data was reported at 1,277.200 JPY bn in 02 Dec 2018. This records a decrease from the previous number of 1,301.000 JPY bn for 25 Nov 2018. Japan PIA: Equity and investment fund shares(EIF): Disposition data is updated weekly, averaging 440.800 JPY bn from Jan 2005 (Median) to 02 Dec 2018, with 727 observations. The data reached an all-time high of 1,670.900 JPY bn in 04 Feb 2018 and a record low of 28.000 JPY bn in 28 Dec 2008. Japan PIA: Equity and investment fund shares(EIF): Disposition data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.O002: International Transactions in Securities (Weekly).

A list of the top 50 Japan Science & Technology Agency holdings showing which stocks are owned by Japan Science & Technology Agency's hedge fund.

A list of the top 50 Global X Japan Co Ltd holdings showing which stocks are owned by Global X Japan Co Ltd's hedge fund.

Japan Liabilities: Stock: IF: Equity and Investment Fund Shares (ES) data was reported at 20,956.800 JPY bn in Mar 2018. This records a decrease from the previous number of 22,253.800 JPY bn for Dec 2017. Japan Liabilities: Stock: IF: Equity and Investment Fund Shares (ES) data is updated quarterly, averaging 13,338.700 JPY bn from Dec 1997 (Median) to Mar 2018, with 82 observations. The data reached an all-time high of 22,253.800 JPY bn in Dec 2017 and a record low of 5,791.000 JPY bn in Mar 2002. Japan Liabilities: Stock: IF: Equity and Investment Fund Shares (ES) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.AB028: SNA08: Financial Institution: Insurance & Pension Funds: Stock.

With total net assets of around *** trillion Japanese yen in privately placed contractual investment trusts, Mitsubishi UFJ Asset Management was among the leading asset management companies in Japan as of *********. In Japan, private investment trusts were first allowed in 1999 after an amendment of the Securities Investment Trust Act.

A list of the top 50 Nissay Asset Management Corp Japan Adv holdings showing which stocks are owned by Nissay Asset Management Corp Japan Adv's hedge fund.

The Japan wealth management industry, valued at ¥4.49 trillion in 2025, is poised for steady growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 4.12% from 2025 to 2033. This growth is fueled by several key drivers. An aging population with significant accumulated assets is leading to increased demand for sophisticated wealth management services, particularly retirement planning and legacy management. Furthermore, a rising affluent class, coupled with a growing awareness of investment diversification and wealth preservation strategies, is expanding the client base beyond traditional high-net-worth individuals. The increasing adoption of digital platforms and fintech solutions is also streamlining service delivery and attracting younger investors. However, regulatory changes, intense competition among established players and new entrants, and potential economic fluctuations present challenges to sustained growth. The industry is segmented by client type (Retail, Pension Funds, Insurance Companies, Banks, Other Institutions), mandate type (Investment Funds, Discretionary Mandates), and asset class (Equity, Fixed Income, Cash/Money Market, Other Asset Classes), offering diverse opportunities for specialized service providers. Key players like Nomura, Nikko, and Daiwa Asset Management dominate the market, while international firms are also establishing a significant presence. The forecast period (2025-2033) anticipates continued growth, though potential market volatility necessitates careful strategic planning. The competitive landscape is characterized by both domestic and international players vying for market share. Japanese firms, with their deep understanding of the local market and established client networks, hold a significant advantage. However, global asset management firms are increasingly targeting the Japanese market, bringing in expertise and innovative strategies. This competition is driving innovation and service enhancement across the board, benefiting clients by offering a wider choice of products and services. The success of individual firms within the industry will depend on their ability to adapt to changing regulatory environments, leverage technological advancements, cater to the evolving needs of a diverse clientele, and manage risks effectively in a dynamic global economic landscape. The industry’s continued growth will largely hinge on maintaining investor confidence and adapting to shifts in market sentiment. Recent developments include: July 2023: Nikko Asset Management and Osmosis (Holdings) Limited announced a non-binding agreement for a strategic partnership. Under this agreement, Nikko AM aims to acquire a minority stake in Osmosis and obtain distribution rights for Osmosis' investment products and strategies.March 2022: Allianz Real Estate, a global real estate investment manager, finalized an agreement to purchase a portfolio of high-quality multi-family residential properties in Tokyo for around USD 90 million. This acquisition was made on behalf of the Allianz Real Estate Asia-Pacific Japan Multi-Family Fund.March 2022: KKR & Co. announced its acquisition of Japanese real estate asset manager Mitsubishi Corp.-UBS Realty Inc. (MC-UBSR) for JPY 230 billion (USD 1.94 billion). This move was expected to strengthen the US private equity firm's footprint in Japan. The acquisition involved KKR purchasing MC-UBSR from Mitsubishi Corp. (8058.T) and UBS Asset Management.. Key drivers for this market are: Aging Population Led to a Growing Demand for Retirement Planning and Wealth Management Services, Growing Demand for Investment Products and Services. Potential restraints include: Aging Population Led to a Growing Demand for Retirement Planning and Wealth Management Services, Growing Demand for Investment Products and Services. Notable trends are: ESG Integration Reshaping Japan's Asset Management Landscape.

A list of the top 50 Japan Post Holdings Co Ltd holdings showing which stocks are owned by Japan Post Holdings Co Ltd's hedge fund.

Japan Assets: Flow: SI: Equity and Investment Fund Shares (ES) data was reported at 3,976.600 JPY bn in Mar 2018. This records an increase from the previous number of 935.000 JPY bn for Dec 2017. Japan Assets: Flow: SI: Equity and Investment Fund Shares (ES) data is updated quarterly, averaging 179.300 JPY bn from Mar 1998 (Median) to Mar 2018, with 81 observations. The data reached an all-time high of 3,976.600 JPY bn in Mar 2018 and a record low of -897.100 JPY bn in Sep 2007. Japan Assets: Flow: SI: Equity and Investment Fund Shares (ES) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.AB019: SNA08: Financial Institution: Securities Investment Trust: Flow.

In the fiscal year 2023, the Japanese Government Pension Investment Fund (GPIF) had an investment return rate of ***** percent. With more than *** trillion yen in assets under management in fiscal 2023, the Japanese Government Pension Investment Fund is the world's largest pension fund.

Japan PIL: Equity and investment fund shares: Net data was reported at -1,983.800 JPY bn in Sep 2018. This records a decrease from the previous number of -875.300 JPY bn for Aug 2018. Japan PIL: Equity and investment fund shares: Net data is updated monthly, averaging 293.700 JPY bn from Jan 1996 (Median) to Sep 2018, with 273 observations. The data reached an all-time high of 6,048.500 JPY bn in Apr 2013 and a record low of -4,170.000 JPY bn in Mar 2007. Japan PIL: Equity and investment fund shares: Net data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Japan – Table JP.O020: Portfolio Investment Liabilities (PIL): BPM6.

In the fiscal year 2023, the Japanese Government Pension Investment Fund (GPIF) reported 45.42 trillion Japanese yen in investment returns. The fund's investment return rate reached 22.67 percent in the same year. The Japanese Government Pension Investment Fund is the largest pension fund globally.

Japan Liabilities: Flow: PF: Equity and Investment Fund Shares (ES) data was reported at 0.000 JPY bn in Mar 2018. This stayed constant from the previous number of 0.000 JPY bn for Dec 2017. Japan Liabilities: Flow: PF: Equity and Investment Fund Shares (ES) data is updated quarterly, averaging 0.000 JPY bn from Mar 1998 (Median) to Mar 2018, with 81 observations. The data reached an all-time high of 7.000 JPY bn in Mar 1999 and a record low of 0.000 JPY bn in Mar 2018. Japan Liabilities: Flow: PF: Equity and Investment Fund Shares (ES) data remains active status in CEIC and is reported by Bank of Japan. The data is categorized under Global Database’s Japan – Table JP.AB041: SNA08: Financial Institution: Insurance & Pension Funds: Pension Funds: Flow.

In the fiscal year 2023, alternative assets under management (AUM) of the Japanese Government Pension Investment Fund (GPIF) amounted to around *** trillion Japanese yen. The fund's total assets under management amounted to around *** trillion yen in fiscal 2023.