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WisdomTree Japan Hedged Equity ETF (DXJ)

  • Jul. 2, 2013, 8:38 AM
    A big rip in dollar/yen sends that pair above ¥100 for the first time since the start of June. The bounce in dollar/yen - which fell as low as ¥94 mid-month - comes alongside a big rebound in the Nikkei, up about 16% from the June low. FXY -0.6%, EWJ +0.9%, DXJ +1.4% premarket.
    | Jul. 2, 2013, 8:38 AM | 1 Comment
  • Jul. 1, 2013, 4:30 AM
    The main Asian bourses begin the new quarter on a high note, with Japanese stocks (DXJ) strengthened by the Tankan survey of manufacturing sentiment turning positive for the first time in 21 months. Chinese (FXI) and Hong Kong (EWH) shares end up despite a drop in Chinese PMI, a fall that was already flagged in the flash reading. Japan +1.3%, Hong Kong +1.8%, China +0.8%, India +0.6%.
    | Jul. 1, 2013, 4:30 AM | 1 Comment
  • Jun. 28, 2013, 4:04 AM
    Asian shares rise to end what's been a fairly torrid quarter on an upbeat note. Japan (DXJ) leads the way following generally positive economic data, including CPI and industrial production. China (FXI), says, investment adviser Peter Esho, is "close to a turnaround as sentiment is at rock bottom." Even if the financial system has issues, "there might be short-term fixes from the government." Japan +3.5%, Hong Kong +1.4%, China +1.5%, India +2.1%.
    | Jun. 28, 2013, 4:04 AM | Comment!
  • Jun. 27, 2013, 4:21 AM
    Asian shares mostly rise as markets breath a sigh of relief over yesterday's sharp downward revision of Q1 U.S. GDP, which, so it's hoped, could prompt the Fed to delay the tapering of its QE program. Japanese stocks (DXJ) climb 3% as the USD-JPY rises 0.4% to ¥98.13, although China continues to struggle over concerns about PBOC tightening. Hong Kong +0.5%, China -0.1%, India +1.5% and Australia (EWA) +1.7% following the palace coup that ousted PM Julia Gillard.
    | Jun. 27, 2013, 4:21 AM | Comment!
  • Jun. 26, 2013, 10:40 AM
    43 out of 45 global markets are oversold, according to BAML's "Breadth Buy" indicator. These extreme signals tend to be followed by a short-term 6-7% bounce, but, cautions chief investment strategist Michael Hartnett, a sustained rally would require a shift in policy behavior. What's more, the 2 markets not in oversold territory are the U.S. (SPY) and Japan (EWJ, DXJ) and they're kind of important. Most oversold: Brazil (EWZ), Turkey (TUR), South Africa (EZA), Mexico (EWW), Materials (XLB), China (FXI, CAF). Least oversold (in addition to the U.S. and Japan): Health Care (XLV, IYH), and Consumer Discretionary (XLY).
    | Jun. 26, 2013, 10:40 AM | Comment!
  • Jun. 26, 2013, 9:04 AM
    Set for launch on Friday is WisdomTree's (WETF) small-cap version of its wildly popular Japan Hedged Equity Fund (DXJ). The Japan Hedged SmallCap Equity Fund (DXJS) - like its big brother - will be currency-agnostic, but its focus on smaller-sized firms will likely mean stocks more tied to domestic growth rather than export activity. Also launching Friday is the U.K. Hedged Equity Fund (DXPS).
    | Jun. 26, 2013, 9:04 AM | Comment!
  • Jun. 24, 2013, 8:25 AM
    BOJ Deputy Governor Kikuo Iwata - a forceful proponent of monetary ease - says the bank has no plans to step in over temporary market turbulence and would only consider additional easing were there a long-term decline in price expectations. Remember the central bank drill: Talk tough, talk tough, cave. EWJ -3.4, DXJ -3.6% premarket. The yen (FXY) is weaker by 0.4%, dollar/yen at ¥98.22.
    | Jun. 24, 2013, 8:25 AM | Comment!
  • Jun. 21, 2013, 3:46 AM
    Japanese shares (DXJ) lead the fightback following yesterday's global rout and rise 1.7%, boosted by the weaker yen and an upturn in U.S. stock futures. European equities (FEZ) have are also higher in early trading. "The fall (yesterday) looks overdone because fundamentals are still solid and the U.S. economy seems to be improving," says Allianz's Kazuyuki Terao. Hong Kong -0.5%, China -0.5%, India +0.5%. EU Stoxx 50 +0.3%, London +0.6%, Paris +0.5%, Frankfurt +0.3%, Madrid -0.1%, Milan +0.4%. U.S. futures: Dow (DIA) +0.6%, S&P (SPY) +0.6%, Nasdaq (QQQ) +0.4%.
    | Jun. 21, 2013, 3:46 AM | Comment!
  • Jun. 19, 2013, 4:11 AM
    Japanese shares (DXJ) buck the trend in Asia and rise 1.8% after exports jump a better-than-expected 10.1%, with Sony and SoftBank rising on corporate news (I, II). Stocks elsewhere in the region fall as investors stay cautious ahead of the FOMC monetary policy announcement later. Hong Kong -1.1%, China -0.7%, India -0.3%.
    | Jun. 19, 2013, 4:11 AM | Comment!
  • Jun. 18, 2013, 12:20 PM
    The speculative phase of the rally in Japanese stocks is over, says Deutsche, setting up the next leg which will require the participation of domestic investors. Yes, underweight global equity funds may help, but they've already boosted stakes and have just $2T in assets compared to $9T of Japanese household cash. DXJ +3.1%, EWJ +2.3%.
    | Jun. 18, 2013, 12:20 PM | 1 Comment
  • Jun. 15, 2013, 10:48 AM
    Some color and context from Nomura's highly publicized Nikkei 18K call: The bank's strategists "do not brush off recent stock market turmoil lightly" and note that a close below Nikkei 12,362 may be particularly significant. The bank's forecast is based on the idea that earnings are recovering and global P/Es are expanding. Japanese stocks (EWJ, DXJ) are "once again trading at lower P/E ratios than U.S. stocks," the bank notes, adding that "if the average P/E ratio of U.S. stocks rises to 16x around H2 … Japanese stocks' P/E ratio could rise to 17x."
    | Jun. 15, 2013, 10:48 AM | 2 Comments
  • Jun. 14, 2013, 4:25 AM
    Asian stocks fall sharply and then recover some but not all of their losses a day or so later. That seems to have been a recurring pattern over the past few weeks since the great global sell-off began and the past couple of days have been no different. Shares bounced back today, helped by decent retail sales data in the U.S. yesterday and a report that the Fed's QE tapering will be so gentle you won't even feel it. Japan (DXJ) +1.9%, Hong Kong (EWH) +0.4%, China (FXI) +0.6%, India (INDY) +1.5%, Australia (EWA) +2%, Philippines (EPHE) +2.1%, Thailand (THD) +3.6%.
    | Jun. 14, 2013, 4:25 AM | 4 Comments
  • Jun. 13, 2013, 3:21 PM
    Abenomics and the direction of the yen get a lot of attention, says fund manager Rajiv Jain, but don't forget how dependent businesses are on China. He's having a hard time finding Japanese firms with sustainable growth. "These are some phenomenal companies there, but (we've found) better opportunities elsewhere." Artisian's Mark Yockey goes further: "Desperate people do desperate things, and Japan is in a desperate situation."
    | Jun. 13, 2013, 3:21 PM | 1 Comment
  • Jun. 13, 2013, 11:07 AM
    Thumbing its nose at the recent collapse in the Nikkei, Nomura boosts its year-end target for the index to 18K from 16K. "The full impact of Abenomics on capex and household incomes has yet to be felt." Among the individual stocks set to benefit are Toyota (TM) and Honda (HMC).
    | Jun. 13, 2013, 11:07 AM | 2 Comments
  • Jun. 12, 2013, 10:20 PM
    Stocks plunge in Tokyo as the Nikkei (EWJ, DXJ) tumbles 5.6% touching a two-month low of 12,543. The USD/JPY slides 1.4% at last check to ¥94.69 (FXY).
    | Jun. 12, 2013, 10:20 PM | 11 Comments
  • Jun. 11, 2013, 2:55 PM
    The yen (FXY +2.9%) spikes higher, bringing dollar/yen back below ¥96 amid rumors of busted carry trades and hedge fund liquidations. Should today's move be sustained, it would be the largest single-day drop for the pair since the 2010 flash crash. BofA's MacNeil Curry suggests the next stop in ¥91. Japan stock ETFs take it hard: The iShares Japan Fund (EWJ -2%), WisdomTree's Hedged Equity Fund (DXJ -4.9%). 
    | Jun. 11, 2013, 2:55 PM | 1 Comment
DXJ vs. ETF Alternatives
DXJ Description
WisdomTree Japan Hedged Equity Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. The Fund employs an investment approach designed to track the performance of the WisdomTree Japan Hedged Equity Index. The Index and the Fund are designed to provide exposure to equity securities in Japan, while at the same time hedging exposure to fluctuations between the value of the U.S. dollar and and the Japanese yen. The Index and the Fund seek to track the performance of equity securities in Japan that is attributable solely to stock prices without the effect of currency fluctuations.
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Country: Japan
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