Japan Christian Banks


SMFG enters the core

Sumitomo Mitsui Financial Group (SMFG), one of Japan’s largest banks, is listing an ultra-cheap core Japanese equity ETF.  

The SMDAM Topix ETF (2557) will track the Topix, the most famous gauge of Japan’s stock market. It will charge a mere 0.07% a year.

Japan has the cheapest ETF market in the world. Most ETF providers are incumbent asset managers making products for other institutions. One of Japan’s biggest ETF buyers has been the country’s central bank.

With a fee of 0.07%, today’s listing fits in line with market expectations.

SMFG has one other ETF – a Japan REIT tracker, which has US$830 million under management.Japan’s most expensive core ETF charges 0.11%. 

Inception DateTickerFund NameProviderFee (%p.a.)
Oct. 20, 20151475iShares Core TOPIX ETF BlackRock Japan0.06
May 15, 20091348MAXIS TOPIX ETF Mitsubishi UFJ Kokusai Asset Management0.078
Sep. 07, 20151473One ETF TOPIX Asset Management One0.078
Jan. 09, 20021308Listed Index Fund TOPIX Nikko Asset Management0.088
Jul. 13, 20011305Daiwa ETF-TOPIX Daiwa Asset Management0.11
Jul. 13, 20011306TOPIX ETF Nomura Asset Management0.11


More low volatility Christian ETFs from Timothy Plan

Christian ETF provider Timothy Plan is listing two more smart beta funds in the United States.

  • Timothy Plan US Large Cap Core ETF (TPLC) 
  • Timothy Plan International ETF (TPIF)

The funds start with volatility weighted indexes of US small caps and international stocks. They then exclude companies in gambling and porn, as well as those that assist abortion and promote gay marriage.

The funds charge 0.52%.  


China banking sector ETF

ChinaAMC, one of China’s largest asset managers, is listing a China banking sector ETF. The ChinaAMC CSI Banks ETF (515020) will be pretty biscuit tin and use the country’s leading index house to track a market weighted bank index.

Banking ETFs in China — some are very popular

TickerFund NameProviderAUM (US$M)
512880Guotai CSI All Share Investment Banking & Brokerage Index ETFGuotai Asset Management Co., Ltd.1417.64
512900China Southern CSI All Share Investment Banking & Brokerage Index ETFChina Southern Asset Management Co.,Ltd.253.54
512800Hwabao WP CSI Banks ETFHwabao WP Fund Management Co., Ltd.244.16
512820WP CSI Banks ETFChina Universal Asset Management Co.,Ltd.29.68
512850China Fund CSI Beijing 50 ETFChina Fund Management Co.,Ltd.3.78