Monex to make ON COMPASS+ available under NISA program
Monex Asset Management, Inc, a subsidiary of Monex Group, Inc., today announced that it will make “ON COMPASS+,” a hybrid discretionary investment management service, available under the NISA program, a tax exemption program for individual investors in Japan, from January 2024.
ON COMPASS+ is a fund-wrap service that incorporates the advantages of digital and face-to- face interaction to provide asset management tailored to the needs of each individual customer.
The NISA (Nippon Individual Savings Account) program was introduced in 2014 with the objectives of “supporting stable asset formation of households” and “providing funds for growth.” Since then, the NISA program has been reviewed and revised, and is now used by many people. In January 2024, the NISA program will be revised to make the tax-exempt holding period indefinite and to increase the tax-exempt holding limit to 18 million yen.
In response to the program revision and the existing customers’ needs, Monex Asset Management will make ON COMPASS+ available under the NISA program from January 2024. ON COMPASS+’s response to the NISA program varies depending on the financial institution with which it is affiliated.
“ON COMPASS+” ranked first in 3-year returns, in the “Fund Wrap (including SMA) ‘net of expenses’ average performance” released by the Japan Financial Services Agency on April 21, 2023 in the “Analysis on the Measurement of Representative Indicators (KPIs) of Investment Performance of Domestic Investment Management Companies and Various Issues Regarding Domestic Public Investment Trusts”.