JPMorgan BetaBuilders Japan Fund (BBJP)
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BBJP: Better Than EWJ, But Not Advisable To Pursue Now
JPMorgan BetaBuilders Japan ETF tracks the Morningstar Japan Target Market Exposure Index and provides exposure to 190 Japanese stocks, most of which are giant and large caps. BBJP has been taking share from its larger peer EWJ, and we examine what is driving this. Despite BBJP's advantages against EWJ, its valuations are not cheap when measured against developed markets.
BBJP: Yen Declines Generally Benefit Japan, But Tariffs Hit Most Allocations
I prefer BBJP over EWJ for its lower expense ratio and similar sector exposures, making it a more efficient Japan ETF choice. Tariff risks threaten Japan's export-heavy sectors, especially autos and industrials, despite some natural hedging benefits from an also weakening Yen. These natural hedging benefits are affected by the significant US exposure in geographic mixes, but also the likelihood of harsher competition in remaining markets under reconfigured trade flows.
BBJP: A Better Performing Japan Play
BBJP is a good way to track Japan's markets. Its sector mix is different from what you see in the US. It's cheap and has outperformed other notable large Japan proxies.
JPMorgan BetaBuilders Japan Fund (BBJP) FAQ
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Does it pay dividends? What is the current yield?
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Has JPMorgan BetaBuilders Japan Fund ever had a stock split?
JPMorgan BetaBuilders Japan Fund Profile
| BATS Exchange | US Country |
Overview
The company in question appears to be an investment fund focused on investing in securities primarily listed on major Japanese stock exchanges, such as the Tokyo Stock Exchange and the Nagoya Stock Exchange. The fund adheres to a specific investment strategy, allocating at least 80% of its assets to securities included in a certain underlying index. This index is described as a free float adjusted market capitalization weighted index, which suggests it adjusts the market value of a company's shares for the number of shares available for public trading. The fund's investment approach emphasizes following the performance of this index closely, aiming to provide investors with a return that corresponds to the performance of the selected stocks in the Japanese markets.
Products and Services
The fund offers a range of investment products and services designed to meet the needs of investors looking to gain exposure to the Japanese equity market. These include:
- Securities Investments: The core offering involves investing in stocks traded primarily on the Tokyo and Nagoya Stock Exchanges. By adhering to the strategy of allocating at least 80% of its assets in these securities, the fund seeks to track the performance of its underlying index closely.
- Exchange-Traded Futures and Forward Foreign Currency Contracts: To enhance its investment strategy and seek performance that corresponds to the underlying index, the fund may invest up to 20% of its assets in exchange-traded futures and forward foreign currency contracts. This allows the fund to hedge against currency risk and potentially improve returns by leveraging movements in currency exchange rates in relation to the Japanese yen.
