Japan ETF Rakes in $5 Billion, Rallies to Highest Since July 2008
WisdomTree Japan Hedged Equity (DXJ) has cleared the $5 billion mark for inflows so far in 2013 as it stretches its lead as the best-selling ETF this year.
DXJ has ballooned to $7.1 billion in assets thanks to the ETF’s incredible sales combined with healthy capital appreciation.
The fund invests in Japanese stocks but hedges its exposure to the yen, which has been crushed by the Bank of Japan’s unprecedented moves to weaken the currency.
DXJ is up 29% year to date.
On Wednesday, the ETF climbed above $48 a share for the first time since July 2008. [Japan ETFs Open the Floodgates as Yen Tanks]
WisdomTree Japan Hedged Equity
