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Mind the Gap 2024: A Report on Investor Returns in Japan

Japanese investor returns generally lagged behind total returns, with a few exceptions.


Choosing investments and determining return can be a larger challenge than expected, especially since timing can have a large impact. An investment return gap can form when the return of total return is different from the return of investor return, which is what Morningstar analysts explore in our report.



Our inaugural Japan edition of the Mind the Gap report analyzes the impact of investor behavior in the Japan market, the factors that contribute to this gap, and how investors can achieve better results.



Download the report to learn how to make investing decisions that can lead to better investor returns.

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What's Inside:

  • Analysis of returns and return gaps across asset classes and active vs. passive strategies 
  • The impact of the Bank of Japan’s ETF purchases on investment returns 

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