Japan Smaller Capitalization Fund, Inc. (JOF)
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JOF Forum Topics
- All Comments on JOF
- General Discussion on JOF
- Japan: Leading Indicator Drops Again; Machinery Orders Fall [view article]
- How Much Longer Can Japan Fight Off Recession? [view article]
- Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
- Nikkei 225 Will Turn When U.S Treasuries Do [view article]
- Uncertain Times For Investing? Think Like a Sovereign Wealth Fund [view article]
- Seeking Alpha in Small Cap Japanese Stocks [view article]
- Best, Worst ETF and CEF Year-to-Date Returns [view article]
- Japan: Weekly ETF and CEF Performance [view article]
- Japan: Weekly ETF and CEF Performance [view article]
- Japan: Weekly ETF and CEF Performance [view article]
- Morningstar: "Think Twice Before Betting On Japan Funds" [view article]
loading ...Recent JOF Articles
- Japan: Leading Indicator Drops Again; Machinery Orders Fall
- How Much Longer Can Japan Fight Off Recession?
- Odd Man Out: Japanese Small-Caps
- Nikkei 225 Will Turn When U.S Treasuries Do
- Are There Any Screaming Buys in Japan?
- How U.S. Subprime Fallout Affects Japanese Credit Markets
- When Rebalancing, Don't Give in to Panic
- Morgan Stanley's Tips on Japanese Options Strategies
- Japanese ADR/ETF Returns in 2007
- Investing in Japan: 10 ETFs to Consider
- Full List of Articles »
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Japan: Leading Indicator Drops Again; Machinery Orders Fall [view article]
I find the observations to quite accurate, however one element is consistent about the Japanese economy that its two sided formula. Whenever the Forex valuation of the yen has been detrimental to the export side of the equation, the domestic demand had a strong currency to stimulate internal demand for goods and services. The contrary was true as well, a weaker yen promoted demand for export oriented goods. Now we find Japan being exposed on both sides of the coin. Low consumer and business confidence inside Japan, a strong Yen (anything below 115Y to the USD is strong) and now a crippling global economy. With this convergence, Japan may be one of the last economies to enter into the quagmire already settling around the world. ReplyHow Much Longer Can Japan Fight Off Recession? [view article]
"We can see that Japan and Korea are the most inefficient countries in their monetary policy and Singapore is the most efficient one. Australia and Mexico are in a bad situation." See: ecometry.biz/economicsReply
Tiedeman
How Much Longer Can Japan Fight Off Recession? [view article]
Many market mavens are saying to buy Japan right now. Will they be proven wrong? ReplyJackson
Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
Thanks ETFlover -- we've added in the Thailand ETF.We've also added the new China NETS ETF from Northern Trust. There's an article comparing it to the other China ETFs here:
seekingalpha.com/artic... Reply
Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
iShares MSCI Thailand Index Fund THD should be in Thailand Section. ReplyJackson
Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
Update: we just added the NETS (Northern Trust Exchange-Traded Shares) S&P/ASX 200 Index Fund (AUS) to the list, which covers Australian stocks.Index Universe explains that "the NETS family takes a slightly different approach to country investing than the iShares – Northern Trust has opted to use locally favored indexes in many cases, while iShares, the main existing provider of country-specific ETFs, tends to use MSCI’s country indexes, which are favored by institutional investors." Reply
Editors
General Discussion on JOF
Is this a buy or a sell? ReplyTiedeman
Nikkei 225 Will Turn When U.S Treasuries Do [view article]
When the U.S. slows Japan crumbles. ReplyJackson
Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
Update: we just added the PowerShares India Portfolio ETF (PIN), and included links to articles evaluating and comparing the India ETFs and ETNs. ReplyUncertain Times For Investing? Think Like a Sovereign Wealth Fund [view article]
Let's see, those SWFs have a ton of dollars, both existing and incoming every month. Up to now, they have bought US government bonds, which haven't been a real good investment recently, with the dollar dropping by more than the yield. But you can only buy stuff with US dollars in the US. Anything else (e.g., buying oil) just moves the dollars from one foreign entity to another. If you aren't going to buy treasuries, what else is there? Goods, I suppose. But seriously, property and equities. Property can't absorb enough dollars. Or build a factory here, but again too small a scale. The only thing left is stocks.So where does that lead? Yes, it pushes US stock prices higher. But our dear federal government needs a few hundred billion a year in net new treasury sales. If our SWFs try to move significant money from treasuries to stocks, what happens to interest rates? That's right, they go up, until they are perceived as an investment equally as good as stocks. What do higher interest rates do to stocks? Nothing good. And to the US economy? Nothing good. And by the way, what happens to the federal deficit when interest rates rise? We're already paying $400B a year just in interest. Oops. Nasty little cycle there. US interest rates are irrationally low. When they start up, watch out! Reply
Seeking Alpha in Small Cap Japanese Stocks [view article]
I have been in FJSCX since 2004 and it did well for a while but has now dropped about 1/2 point below what I originally paid for it and was thinking about getting out of it for a while until the Japanese economy starts rebounding. Any thoughts on this happening in the next year or so? ReplyBommarito
Best, Worst ETF and CEF Year-to-Date Returns [view article]
Hello TheLasko,These returns are calculated with the dividend factored in, so it seems they have not been much of a bargain even after the yield is factored in. We'll see if the chance for falling rates helps push up these funds, assuming as you mention that they can sustain these dividend rates. Reply
Best, Worst ETF and CEF Year-to-Date Returns [view article]
It appears that most of those "worst" CEFs are high dividend yielding funds. I don't know if I would call that poor performance or a bargain considering if you buy at today's discounted prices you might be receiving as much as 12% annually (as long as those dividends don't change). Although it isn't very tax efficient. ReplyEditors
Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
Did we miss anything out here (they're only Asia; we'll do Europe etc. next)? If so, please leave a comment! ReplyBommarito
Japan: Weekly ETF and CEF Performance [view article]
Hello Steven, I just recently noted the divergence of the Small Cap funds DFJ and JOF over the past month and wondered what your take on this was. Is there any particular company that JOF could have held at a great weight that has really been hit hard enough to cause such a large divergence? Reply