56.60 -0.06 (-0.11%)
After hours: 4:46PM EDT
|Bid||56.62 x 39400|
|Ask||56.75 x 40000|
|Day's Range||56.27 - 56.69|
|52 Week Range||48.99 - 60.83|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.78|
|Expense Ratio (net)||0.47%|
Tom Lydon of ETF Trends.com and Alfred Eskandar of Salt Financial, join CNBC's "ETF Edge' to discuss whether the U.S.-China trade tensions are making the emerging markets an attractive investment.
The iShares MSCI Japan ETF (EWJ) , one of the largest Japan ETFs listed in the U.S., is up just 6.37% this year. While that lacks the returns offered by major U.S. equity benchmarks, there's at least one reason investors should consider some exposure to Japan: companies there are at sitting on massive amounts of cash. EWJ seeks to track the investment results of the MSCI Japan Index, which consists of stocks traded primarily on the Tokyo Stock Exchange.
We discuss certain Asian ETFs on the recent decline in Asian markets due to rising fears of global economic recession triggered by the escalating Sino-US trade war.
Australia’s S&P ASX 200 was the best-performing index in the Asia-Pacific region on July 3. The index gained 0.59% on the day to end near its 12-year high at 6,685.5.
After yesterday’s big fall, the Hang Seng Index rose marginally today. The index gained 0.13% to end at 28,222. The index opened considerably lower than yesterday’s close but gained in early trading. Afterward, the index remained within a narrow range to end the day on a slightly positive note.
After falling on Friday, the Hang Seng Index started the week of the G20 meeting on a positive note. The index gained 0.14% today. Last week, the index gained 5%, and Friday was the only day it posted losses during the week.
Hong Kong’s Hang Seng Index, which has been under severe pressure this quarter, was the best performing Asian index on June 19 with 2.56% gains. The index recorded its third consecutive gain.
Weakness in Purchasing Managers' Index and bleeding Asian markets do not paint a pretty picture for investors holding ETFs with exposure to the Asia-Pacific region.
Trade War Subdues Manufacturing PMIs around the WorldManufacturing PMIToday, IHS Markit published its purchasing managers’ indexes or PMIs for May countries around the world. Australia saw the composite PMI rise to 52.2 in May from 50 in April.
Japan delivers GDP growth amid projections of a slight decline for first-quarter 2019, putting ETFs with strong exposure to the region in focus.
Edwin Lefevre's classic tome, "Reminiscences of a Stock Operator," chronicles the career of Jesse Livermore, an infamous trader from the early 20th century. The book is often cited by traders and investors alike for the many lessons gleaned from Livermore's stock market trials--a mixed series of successes and failures. Livermore apparently never took his own advice.
The iShares MSCI Japan ETF (EWJ) , one of the largest Japan exchange traded funds (ETFs) listed in the U.S., is up nearly 10% this year and recently saw a substantial influx of assets. EWJ seeks to track the investment results of the MSCI Japan Index, which consists of stocks traded primarily on the Tokyo Stock Exchange. “Japanese stocks were a remarkably hot commodity among investors last week, according to the latest fund flows data (via Bank of America-Merrill Lynch),” reports Schaeffer's Investment Research.