The Invesco QQQ exchange-traded fund listed on the Tokyo Stock Exchange on Tuesday, allowing Japanese investors to trade the fund in yen.
This move provides domestic investors with direct, yen-denominated access to one of the most liquid and largest investment vehicles in the world. By removing the need for currency conversion and foreign brokerage accounts, Invesco aims to expand investment opportunities for those seeking exposure to the Nasdaq-100 Index.
Invesco QQQ is recognized as the world's largest ETF, with assets under management exceeding 65 trillion yen [1]. The fund tracks the performance of the Nasdaq-100 Index, which consists of 100 of the largest non-financial companies listed on the Nasdaq stock market in the U.S.
Hideki Sato, president of Invesco Asset Management, said the dual listing is a strategic effort to bring a high-liquidity instrument to the Japanese market. He said being able to deliver a large, liquid product like QQQ through a duplicate listing is very attractive.
While the fund is a new addition to the Tokyo Stock Exchange, it has a long history in the U.S. market, where it first listed in 1999 [2]. The expansion into Japan reflects a broader trend of global financial products becoming more accessible to retail investors through local exchanges.
The fund's availability in yen is expected to attract a wide range of investors, from individual retail traders, to institutional managers. By listing on the TSE, Invesco allows these participants to manage their portfolios without the friction of managing separate U.S. dollar accounts for this specific asset.
“Assets under management exceeding 65 trillion yen.”
The listing of Invesco QQQ on the Tokyo Stock Exchange lowers the barrier to entry for Japanese investors to access U.S. tech-heavy growth stocks. By offering the fund in yen, Invesco reduces currency exchange friction and operational complexity, potentially increasing the flow of Japanese capital into the U.S. equity market.
