Daiwa Launches Active Energy Exploration and Production ETF in Japan

Daiwa Asset Management has launched the iFreeETF Global Energy Upstream Companies (659A) on the Tokyo Stock Exchange, offering actively managed exposure to developed-market companies involved in oil and natural gas exploration, development, and production. The ETF invests in energy producers and companies holding related resource rights, selecting stocks based on financial fundamentals, market data, long-term growth potential, and sensitivity to crude oil prices. The Japan-domiciled fund does not track an index and maintains a predominantly equity-focused portfolio, including potential investments in Japanese companies. It carries an annual management fee of up to 0.40% (0.44% including tax) and is scheduled to make quarterly distributions in January, April, July, and October.