Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) was established on March 22, 1990, registered in the United States, formerly known as Japan OTC Equity Fund, Inc., by Nomura Asset Management USA Inc. launched closed-end equity mutual funds .
Japan Smaller Capitalization Fund (JOF):
The base closure of Japanese small-cap stocks is managed by Nomura Asset Management Co., Ltd. The fund invests in the public stock market in Japan. It invests in stocks traded on the Tokyo, Osaka and Nagoya stock exchanges, JASDAQ, Mothers, Hercules, Centrex and other indices. The fund aims to invest in company stocks in all walks of life. It mainly invests in the stocks of small companies. The fund uses The Russell/Nomura Small Cap Index as a benchmark to measure the performance of its portfolio.
Japanese small capitalization fund companies are non-diversified, closed-end management investment companies listed on the New York Stock Exchange. The investment objective of the fund is to provide shareholders with long-term capital appreciation and, under normal circumstances, to invest at least 80% of its total assets in smaller capitalized Japanese stock securities, which are in Tokyo, Nagoya and JASDAQ, Centrex Markets and others Stock exchange trading. An index or market determined by Nomura Asset Management USA Inc. as suitable for Japanese small capital companies.
Since its establishment in 1990, Nomura Asset Management USA Inc. has been the manager of the fund. Since the establishment of the fund, Nomura Asset Management Co., Ltd. has been acting as the investment advisor of the fund. The manager and investment advisor are subsidiaries of Nomura Holdings, Inc. and affiliates of Nomura Securities Co., Ltd. in Tokyo, Japan.