Monex registers mutual fund assets under management exceeding JPY 1 trillion
Japanese electronic trading company Monex, Inc. announces that mutual fund assets under management exceeded JPY 1 trillion.
Since its founding in 1999, Monex has offered mutual fund products and services. Most of the mutual fund products may be invested in 100 yen increments. To enhance services, Monex made all mutual funds no-load, waving purchasing commissions in December 2019, and started daily investment services in January 2020. Since partnering with Shinsei Bank, Limited in 2021, Monex has introduced wide range of mutual funds including foreign mutual funds to their customers, helping the bank offer expanded financial services.
From February 2022, customers can make periodic investments in mutual funds using Monex Cards. The new service returns 1.1% of the amount spent through cards as points.
Achieving more than one trillion-yen of assets under management is a culmination of all these efforts to date, supported by customers who greatly appreciate these unique services, Monex says.
Mutual fund assets under management comprise the balance held at Monex for Japanese mutual funds (excluding money reserve funds), foreign mutual fund products (excluding money market funds), Individual Defined Contribution Pension (“iDeCo”), and ON COMPASS.
Monex offers uniquely positioned mutual fund products and services. These include:
- Periodic Investments in Mutual Funds through Monex Cards
- Periodic Investments in Mutual Funds (Daily or Monthly)
- Monex Activist Fund
- Monex Points
- Individual Defined Contribution Pension (iDeCo)
- ON COMPASS.