- The WisdomTree (WETF -1%) Japan Hedged Equity Fund (DXJ +0.4%) has seen $2.2B in outflows this year, including withdrawals of $490.4M on July 11 alone, according to Bloomberg.
- It doesn't mean investors/traders don't want to bet on Japan; just that - with volatility all but vanishing from forex - they're not interested in hedging. By contrast, the iShares MSCI Japan ETF (EWJ +0.2%) - not hedged at all - has seen nearly $1B in inflows. "Most ETF buyers are not long-term investors and they’re betting the dollar-yen won’t move much in three to six months," says a Tokyo-based analyst with BNP Paribas.
- It was 2013, when the DXJ took in a whopping $9.8B as Japanese stocks rallied hard and the yen fell just as sharply.
- Japan ETFs: DXJ, EWJ, NKY, DBJP, EZJ, EWV, JPNL, ITF, JPP, JPNS, HEWJ, FJP, QJPN, FXY, YCS, JYN, YCL
Investors lose interest in currency-hedged Japan fund
From other sites
at CNBC.com (Dec 30, 2014)
at CNBC.com (Dec 24, 2014)
at CNBC.com (Oct 31, 2014)
at CNBC.com (Oct 29, 2014)
at CNBC.com (Feb 14, 2014)
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