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WisdomTree Japan Hedged Equity ETF (DXJ)

  • Apr. 26, 2013, 11:10 AM
    The yen (FXY +1.6%) races higher, unwinding a bit of what had been about the world's most one-sided trade for the last 6 months. First comes price action then come excuses, and about the best reasons for today's slide in dollar/yen is the BOJ upping its economic forecast at last night's policy meeting, and the weak U.S. GDP print. The surging yen is hitting the year's hottest ETF, DXJ -1.7%.
  • Apr. 26, 2013, 7:44 AM
    More on WisdomTree (WETF) Q1 earnings: ETF AUM of $25.1B up 37% sequentially, up 60% Y/Y, with the Japan Hedged Equity Fund (DXJ) accounting for $3.9B of Q1's $5.9B of net inflows. Market share of industry net inflows of 10.8% vs. 1.9% in Q4. Company is in sweet spot as size passing a certain point means new money drops more quickly to bottom line: Pre-tax margin of 27%, up from 22% in Q4, 6% in Q1. Conference call at 9 ET (presentation slides). Shares +1% premarket. (PR)
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  • Apr. 22, 2013, 2:55 PM
    The rally in Japanese equities is just getting started, Morgan Creek's Mark Yusko told a Grant's conference last week. Stocks there remain cheap by any number of metrics and, a bonus, companies have dealt with persistent deflation by relentlessly slashing costs - meaning strong profits on any incremental business. All that's needed is a little growth and "Abenomics" should cure that. DXJ +27.5% YTD.
  • Apr. 22, 2013, 10:02 AM
    WisdomTree (WETF) preps the launch of the Germany Hedged Equity Fund - designed to track the company's dividend-weighted index of German stocks while zeroing out currency fluctuations between the greenback and the euro. It's the same recipe the company put to work with Japanese stocks (DXJ) - a blockbuster success this year.
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  • Apr. 16, 2013, 10:48 AM
    Bumping its position in Japanese equities to 16% overweight from 6%, Credit Suisse says stock prices remain cheap, there is little constraint on how much the BOJ can pump, and it will do so until dollar/yen hits ¥110. Watch money pour into stocks, says CS, once pension funds and retail investors realize inflation is set to rise.  EWJ +16% YTD.
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  • Apr. 16, 2013, 8:28 AM
    After continuing to strengthen sharply in early trade overnight, the yen is back in full retreat, down more than 1% vs. the dollar which is now buying ¥97.88. Along with the big reversal came a big swing in the Nikkei, which fell more than 2% at one point, but closed down just 0.4%. FXY -1.1%, EWJ +0.6%, DXJ +0.5% premarket.
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  • Apr. 12, 2013, 9:51 AM
    WisdomTree (WETF) files for the launch of a small-cap version of its wildly popular Japan hedged equity fund (DXJ). Moving away from Japan but keeping with the currency-hedged theme, the company is also planning similar funds for Korea and the U.K.
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  • Apr. 12, 2013, 1:20 AM
    All aboard the Kuroda easy money bandwagon: Goldman upgrades Japanese equities looking for a 20% upside to Nikkei 16,000. The BOJ has launched a "credible attack on deflation" and the economy will "emerge from an environment of falling to rising prices." Furthermore, domestic "retail investors are gradually beginning to sniff around looking" for yield. 
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  • Apr. 11, 2013, 3:54 AM
    The Nikkei jumps 2% to 13,549.16, its highest close since July 2008, as the Bank of Japan's aggressive easing policy continues to turbo charge the market. The yen is up a bit vs the dollar, but is at 99.67 and still threatening 100. Meanwhile, other Asian shares are mixed. Hong Kong +0.2%, China -0.3%, India +0.2%.
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  • Apr. 8, 2013, 3:36 PM
    Satisfied fans of WisdomTree's Japan Hedged Equity Fund (DXJ) might have interest in a currency-hedged Japan fund doing even better (and now starting to garner serious assets), the DBJP. The difference is DBJP's cap-weighted approach which tilts it towards larger companies more likely to export and thus benefit off the plunging yen.
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  • Apr. 8, 2013, 1:34 AM
    The Bank of Japan has started its new aggressive asset-buying program, saying it will acquire ¥1T ($10.3B) of Japanese government bonds with maturities of 5-10 years, and ¥200B of bonds with maturities exceeding 10 years. The purchases are part of the BOJ's plan to inject $1.4T into the economy in under two years. The Nikkei is +2.5% and yen is -1% vs the dollar.
  • Apr. 7, 2013, 8:31 PM
    The yen (FXY) tumbles another 1% vs. the dollar as a new report suggests the BOJ plans to move fast and move big with JGB purchases. Buying less than ¥93 moments before the BOJ announced aggressive new easing measures Thursday, the dollar this moment is worth ¥98.51. The Nikkei adds 2.8% in early Tokyo trade, giving it a middling 8.6% gain since Thursday.
  • Apr. 5, 2013, 3:54 AM
    Japanese shares jumped as high as 4.7% and passed the psychologically important 13,000 level for the first time since August 2008 before pulling back somewhat to close +1.6% at 12,834 as investors cashed in. Shares continued to be boosted by the BOJ's plan for aggressive monetary easing, which also pushed the yen to as low as 97 to the dollar before the rate moderated to ¥96.39.
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  • Apr. 4, 2013, 11:03 AM
    It's a true "regime change" at the BOJ, says Citigroup, commenting on the central bank's new easing measures overnight. Gone is any hint of concern about monetizing government paper, and up next may be additional stimulus in the form of equity purchases and loans to small and medium-sized enterprises. The yen (FXY -3.6%) continues a whopper of a move lower, the dollar now at a session-high ¥96.38. The currency-hedged Japan stock ETF (DXJ) gains 7.5% vs. the unhedged EWJ +3.8%.
  • Apr. 4, 2013, 7:06 AM
    Stock index futures (SPY +0.4%, QQQ +0.4%) post gains after the BOJ outdoes the Fed with the breadth of its stimulative efforts. The Nikkei's 3.2% gain looks even more impressive when considering the index was off 2.3% before the central bank announcement. DXJ +4% premarket.
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  • Apr. 4, 2013, 2:07 AM
    The Nikkei (NKY) surges and the yen (FXY) plummets after the Bank of Japan starts firing the heavy artillery in its battle against deflation. Under new Governor Haruhiko Kuroda, the BOJ is changing its target when setting policy from the overnight call rate to the monetary base, which the bank aims to double within two years by purchasing ¥60-70T of assets a year, including government bonds of all maturities and not just short-term debt. The plan is open-ended and was unanimously approved. The Nikkei is +1.3% after being lower earlier, while the dollar is +1.5% vs the yen. (PR)
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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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