The Japan Physical Precious Metals ETF is the first precious metals based ETF managed by Mitsubishi UFJ Trust and Banking Corporation (MUTB). The ETF is backed by physical metals stored in Japan and utilizes and integrates expertise of MUTB (one of the largest trust banks in Japan) in trust business and procurement and global trading capabilities of Mitsubishi Corporation in the area of precious metals. The "Fruit of Gold" series of ETFs, which are linked to price indexes expressed in yen/gram, will not only allow investors to trade from just one unit, but will also allow investors that meet a certain criteria to trade in their certificates of beneficiary interest for the respective physical metal.

MUTB is one of the leading trust banks in Japan and a wholly-owned subsidiary of "Mitsubishi UFJ Financial Group".
MUTB was originally established in 1927 as "The Mitsubishi Trust & Banking Corporation" and after merging with Nippon Trust Bank and UFJ Trust Bank, MUTB was formally founded in October 2005, along with Mitsubishi UFJ Financial Group.
In 2010, MUTB launched the first precious metals based ETFs to use the Beneficiary Certificates Issuing Trusts mechanism, which was introduced in the amendment to the Trust Act in 2006.