|Bid||47.86 x 1300|
|Ask||50.70 x 3100|
|Day's Range||50.68 - 50.95|
|52 Week Range||44.86 - 58.86|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.88|
|Expense Ratio (net)||0.48%|
As many look around for attractive bargains in the markets, investors may want to consider Japan country-specific exchange traded funds to diversify a portfolio. According to Citigroup Inc., Japanese markets ...
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.