|Bid||47.72 x 2200|
|Ask||0.00 x 1400|
|Day's Range||48.14 - 48.33|
|52 Week Range||44.86 - 58.86|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.00|
|Expense Ratio (net)||0.48%|
Japan delivers GDP growth amid projections of a slight decline for first-quarter 2019, putting ETFs with strong exposure to the region in focus.
The U.S. and Japan, the world's third-largest are also working on a trade deal, one that could boost the fortunes of ETFs, such as the WisdomTree Japan Hedged Equity Fund (DXJ) . DXJ seeks to track the price and yield performance of the WisdomTree Japan Hedged Equity Index, which is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese yen relative to the U.S. dollar. Amid the trade scuffle between the U.S. and China, discussions between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump regarding trade have largely been positive.
The U.S. dollar has been hovering around 10-month high thanks to the economy???s much-better positioning in the developed market pack. This creates a buying opportunity for these ETFs.
While a U.S.-China trade deal looms and various media outlets are reporting that a deal is close, the threat of trade protectionism to global growth remains, according to Bank of Japan Governor Haruhiko Kuroda. "There (is) some sort of protectionism" said Kuroda during a CNBC interview on Monday. Amid the trade scuffle between the U.S. and China, discussions between Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump regarding trade have largely been positive.
The WisdomTree Japan Hedged Equity Fund (DXJ) is an exchange-traded fund that tracks an exporter-focused, dividend-weighted index of Japanese stocks that are hedged to protect against currency fluctuations between the U.S. dollar and the Japanese yen, observes ETF expect Jim Woods, editor of The Deep Woods.
The WisdomTree Japan Hedged Equity Fund (DXJ) is up nearly 9.60% this year, but stocks in the world's third-largest economy remain unloved by many global investors. Earlier this year, the yen rallied and that could be one reason investors are skittish regarding Japanese stocks. The Japanese yen has traditionally acted as a safe haven play, strengthening in periods global financial distress.
In November, Japan's industrial output fell by 1.1% on a month-over-month basis, reversing from the gains in October and putting Japan ETFs in focus.
The Japanese economy is showing signs of a pick up after upbeat retails sales data for the month of October, putting related ETFs in focus.
Domestic stocks impressed in the third quarter with the S&P 500 finishing the July through September period with a gain of 7.4%. Even with that, the number of exchange-traded funds (ETFs) posting third-quarter gains of 10% or more is not particularly gaudy.
On September 20, Investitute's proprietary programs flagged the purchase of 20,000 November $59 calls for $0.60 as part of a bullish roll with shares at $57.20. Large-cap and mega-cap equities on US exchanges were just starting to look in favor at the time, and these investors may have believed that the shift to the larger, more industrial stocks was warranted, with a global outlook.
Japanese markets and Japan ETFs were among the better performers on Tuesday, despite the announcement of a third round of U.S. tariffs on Chinese goods. Among the leaders, the WisdomTree Japan Hedged Equity ...
According to a report provided by Markit Economics, the Japan Services PMI rose in June compared to May. It was 51.4 in June compared to 51 in May. It beat the market expectation of 51.2.
Japan’s manufacturing PMI (purchasing managers’ index) witnessed a marginal improvement in its manufacturing activity in June compared to May. It stood at 53.0 in June compared to 52.8 in May. The PMI figure didn’t meet the preliminary market estimation of 53.1.
While the rest of the developed economies are looking at tighter monetary policies after years of growth, the Bank of Japan is sticking to its ultra-easy policy. Consequently, investors interested in Japan may consider currency-hedged exchange traded funds to diminish potential currency risks with diverging global central bank policies. The Federal Reserve hiked interest rates for the second time this year on Wednesday and is looking at two more rate hikes later this year while the European Central Bank on Thursday outlined plans to wind down its bond-purchasing program by the end of the year.
According to Markit Economics, Japan’s service PMI rose marginally month-over-month in May, to 51 from 52.5. It missed the market expectation of 52.