Seeking Alpha

WisdomTree Japan Hedged Equity ETF (DXJ)

  • Oct. 31, 2014, 3:48 PM
    • The combination of solid earnings and initiation of a dividend and buyback coming alongside a beaten-down share price and sizable short interest alone would have been enough to send WisdomTree (WETF +27.4%) nicely higher today.
    • But add to that the BOJ's bombshell expansion of its asset purchase program, and the resultant moonshot in the Nikkei and dive in the yen. The move is sure to renew interest in WisdomTree's once red-hot, but lately flagging currency-hedged Japan Equity Fund (DXJ +6.5%).
    • Previously: WisdomTree initiates dividend and buyback
    • Previously: Nikkei soars, yen slides, after BOJ unexpectedly eases monetary policy
    • WisdomTree remains lower by 16% YTD.
    | Oct. 31, 2014, 3:48 PM | 1 Comment
  • 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)
    | Apr. 26, 2013, 7:44 AM | 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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