Japan-focused exchange traded funds (ETFs) have received a net inflow of $2.3 billion in March 2011, Reuters reports. The ETFs attracted $700 million on March 16, the biggest one-day inflow since 2003. The funds based in the U.S. collected a net inflow of $2.5 billion in March, while those in Japan faced net outflows of $344 million. The iShares MSCI Japan Index Fund attracted a net $1.88 billion to become the biggest Japan-dedicated ETF managing $7.4 billion at the end of March.

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