Fund Managers: Services Agency and Internet Writers

fund managers: Persuading Japanese to move their savings out of bank accounts and government bonds and into riskier assets is vital for reinvigorating Japan's long-sluggish economy and financing the retirements of its rapidly aging population, government and financial experts say, according to The Japan Times. But that is less likely to happen as long as investors receive poor service and low returns from fund managers. The Financial Services Agency has accused the nation's toshin investment funds of charging high fees, delivering poor returns and pushing investors from one trendy product to the next to generate fees. ; It hopes that inviting internet writers to meetings with investors can help spread its message further than via traditional media and so influence the toshin fund industry to change. Fund distributors have gotten their asset-management subsidiaries to create products that help themselves make money, ignoring customer needs, wrote 44-year-old blogger Kenichi Minase, who joined a recent meeting of bloggers, investors and FSA officials. Minase is one of Japan's best-known bloggers among retail investors and his blog has been viewed 41 million times since January 2016. Bloggers go by pseudonyms in Japan and the FSA did not require them to give their real names at the meetings. (news.financializer.com). As reported in the news.