Japan Blended Cap ETF Market Drops by 1.17% on June 23, 2023

Investors in Japan's Blended Cap ETF market grappled with a -1.17% loss on June 23, 2023, with some of the market's top performers underperforming considerably.

On June 23, 2023, the Japan Blended Cap ETF market saw a negative performance of -1.17%. This market is worth 33 Bn EUR and consists of 128 different ETFs. The market movement was reflected by four specific ETFs: Amundi MSCI Japan ESG Climate Net Zero Ambition CTB UCITS ETF (18ML), iShares Core MSCI Japan IMI UCITS ETF( SJPA), SPDR MSCI Japan UCITS ETF(JPJP), and Deka MSCI Japan LC UCITS ETF(ETFJPLC) .

The negative performance of the aforementioned ETFs was primarily driven by the underperformance of several major companies. HITACHI ORD, FANUC ORD, DAIKIN INDUSTRIES ORD, and FAST RETAILING ORD all saw daily returns below -2.38%. Additionally, these companies saw negative performance over the course of one week, suggesting a potential trend in their underperformance. This decline in performance highlights potential challenges for these companies and the broader Japan Blended Cap ETF market.

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