Japan: Weekly ETF and CEF Performance
The Tokyo Stock Exchange was closed Monday (7/16) in observation of Marine Day, also known as Ocean or Beach Day.
According to data from the Nikkei Shimbun, as of Friday's close, the N225 components have a price-to-book ratio of 2.07, ttm p/e of 20.78, f/p/e of 19.55 and a dividend yield of 1.07% (expected) and 1.0% ttm.
See the chart below of the N225 as of Friday's close.
See the chart below for last week's and ytd returns of the 10 Japanese ETFs (including 2 CEFs) trading in the U.S.
Click to enlarge chart
Disclosure: The author does not own shares of any funds mentioned in this article.
Vanguard's Pacific Stock ETF (VPL) added 1.5%, extending its lead over rival Japan ETFs (ytd +9.3%). It was helped by its exposure to Hong Kong [iShares Hong Kong (EWH)], Australia (EWA) and Singapore (EWS).
iShares MSCI Japan Index (EWJ), the most actively traded country-based ETF, rose 1.0%, and is now up 4.0% for the year.
Japan Smaller Capitalization Fund, Inc. (JOF) gained 2.9%, reducing its ytd loss to 2.5%.
Japan Equity Fund, Inc. (JEQ), also a closed-end fund, rose 1.6%, increasing its ytd return to 2.5%.
The yen has strengthened slightly against the US$ in recent trading.
See CurrencyShares Japanese Yen Trust (FXY) ETF year-to-date chart (as of Monday's close):
For your reference, here's a list of the 10 funds surveyed in this weekly summary.
- iShares MSCI Japan Index (EWJ)
iShares S&P/TOPIX 150 (ITF)
Japan Equity Fund, Inc. (JEQ)
Japan Smaller Capitalization Fund, Inc. (JOF)
SPDR Russell/Nomura Prime Japan (JPP)
SPDR Russell/Nomura SmallCap Japan (JSC)
Vanguard Pacific Stock (VPL)
WisdomTree JP High-Yielding Equity (DNL)
WisdomTree JP SmallCap Dividend (DFJ)
WisdomTree JP Total Dividend (DXJ)
Get Seeking Alpha Free Stock Alerts by Email!
Get Free Stock Alerts by Email!
ETFs In Focus
-
Editor's Picks
-
Most Popular
- Apocalypse Dow: The Search for Scapegoats
- Reading the S&P 500's Crashing Waves
- On a Return to Normalcy: Dow 8,500
- Looking Back at Lehman: Lying, Scapegoating and a General Lack of Accountability
- iShares ETF Tracking Error: Risks and Explanations
- U.S. vs. the World: Sectors Matter
- Full list of Editor's Picks »
- Nation's Debt: It's Not Being Rescued, It's Being Moved Around »
- Crazy P/E Ratios »
- Clueless - Cramer's Mad Money (10/8/08) »
- Cramer: Dow Could Drop Another 14%, Oil's Going to $50 »
- Wall Street Breakfast: Must-Know News »
- Roger Wiegand: 'Severe Bull Market' Ahead for Gold »
- Awaiting Apple Earnings and Guidance »
- Four Ways to Protect Money During the Fallout »
- Cramer Should Be Suspended »
- Ford, GM on the Chopping Block? »
- Earnings Preview: General Electric »
-
Long Ideas
-
Short Ideas
-
Cramer's Picks
- 'When There's Blood in the Streets', Buy Biotech Stocks
- Midstream MLPs Crashing, Present Opportunity
- A Fresh Look at Shipping Company Stocks
- Panic Selling in InterOil: What Now?
- Potash Corp.: No Liquidity Problems Here
- The Year of the Bear
- Cobalt: More Than Just Blue
- Investors Can Find Comfort in Big Blue
- Hershey: The Perfect Recession Investment?
- Applied Materials Leads by Example
- Full list of Long Ideas »
- The Short Case for General Electric
- Too Late to Short SPY? An Historical Perspective
- Henderson Group: Profit Warning Surprises Short Investors
- Decreasing Chipotle Traffic Could Spell Trouble
- Why I Sold Lowe's Short
- Accor, Host and Marriott: Short Interest Heats Up
- Global Financial Crisis Makes Oil a Great Hedge
- Michael Page International: Stock Down on Market Weakness
- Gaming Stocks Still a Poor Bet - Barron's
- After Coming Rate Cuts, Some Appealing Short ETFs
- Full list of Short Ideas »
- Prefer a Yield - Cramer's Lightning Round (10/10/08)
- Bulls Take a Stand - Cramer's Stop Trading! (10/10/08)
- Clueless - Cramer's Mad Money (10/8/08)
- Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)
- Chocolate Lover - Cramer's Mad Money (10/7/08)
- Yield is King - Cramer's Lightning Round (10/7/08)
- Goldman Disses Solar - Cramer's Stop Trading ! (10/7/08)
- Time to Hoard Cash - Cramer's Mad Money (10/6/08)
- Buyers On Strike - Cramer's Stop Trading! (10/6/08)
- Still Bullish on RIMM - Cramer's Lightning Round (10/6/08)
- Full list of Cramers Picks »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »


