According to Eric Balchunas, Mitsubishi has filed for a US-listed Japan small cap active ETF with an 85 basis point management fee. The relatively high expense ratio poses a competitive challenge, especially as investors increasingly seek lower-cost ETF options for exposure to Japanese equities. However, Balchunas notes that Mitsubishi may have a Bring Your Own Assets (BYOA) strategy, potentially mitigating the need for broad retail uptake. For traders, this filing signals Mitsubishi's intent to capture US investor interest in Japan's small cap market, but the high fee may limit liquidity and trading volumes compared to lower-cost alternatives (source: Eric Balchunas on Twitter, April 25, 2025).

According to Eric Balchunas, Vanguard has filed to launch an active multi-sector bond ETF, suggesting a significant expansion in their ETF offerings. This move could impact the bond market by providing investors with a new tool for diversifying their portfolios across various bond sectors. Traders should monitor potential shifts in market dynamics as this ETF could attract substantial investment flows given Vanguard's reputation. [Source: Eric Balchunas]