The unwinding of the yen carry trade prompted by monetary tightening by the BOJ undoubtedly spooked global investors. And that sparked sharp declines for Japan stocks and related exchange traded funds.
Our global markets watchlist tracks eight prominent indexes from economies around the world.
Our global markets watchlist tracks eight prominent indexes from economies around the world.
Our global markets watchlist tracks eight prominent indexes from economies around the world.
Hello! This is MarketWatch reporter Isabel Wang, bringing you this week's ETF Wrap. In this week's edition, we look at one of the most popular Japan-focused equity ETFs, which has lost some of its luster this month after a surging yen triggered a rapid exit by investors who had relied on it to strip out currency volatilities.
The Bank of Japan recently boosted interest rates — which ran counter to the central bank's longstanding policy — and used other efforts to support the yen. So it's been a wild ride of late for Japan stocks and related ETFs.
Our global markets watchlist tracks eight prominent indexes from economies around the world.
Our global markets watchlist tracks eight prominent indexes from economies around the world.
The USD/JPY carry trade is unwinding and causing a crash. The Nikkei just dropped -15% in one session, but has reached major support. DXJ has outperformed EWJ for years, but that has now changed and the unhedged EWJ is the safer option to get exposure to Japanese stocks.
Over the past few years, Japan stocks have been among the world's best performers. That's particularly the case when excluding the U.S. Last month, the Nikkei 225 hit an all-time high for the first time since 1989.
Our global markets watchlist tracks eight prominent indexes from economies around the world.
A smart beta exchange traded fund, the WisdomTree Japan Hedged Equity ETF (DXJ) debuted on 06/16/2006, and offers broad exposure to the Asia-Pacific (Developed) ETFs category of the market.