Morningstar’s Japan Thematic Funds Landscape: March 2026
The Japan thematic fund market grew by more than JPY 10 trillion in the past five years.
Investing in thematic funds is becoming increasingly popular as investors look to take advantage of secular growth themes and emerging trends. Assets in Japan’s thematic fund market expanded to over JPY 10 trillion in 2021 before declining; although a recovery has been under way, assets remain below their peak levels. Since 2022, the market has experienced persistent net outflows, with only a limited number of quarters recording net inflows. It’s important for investors to wisely choose which funds will survive and outperform over the long term.
Our report analyzes the Japan thematic fund market, highlighting key trends, investment preferences, fund performance, and more. Download our research to discover how thematic funds can shape your investing strategy.
