Is NKY a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

93 people get NKY articles and Market Currents by email alert.

Get email alerts on NKY »

HEADLINES:

Week In FX Asia - Hot Money Booking Yen Profits
Dean Popplewell • Fri, May 24
Japan's Decline Is Elementary
Cullen Roche • Thu, May 23 • 11 Comments
Nikkei - Foreshadowing A Move In U.S. Markets?
Matthew Bradbard • Thu, May 23 • 3 Comments
Rising Sun Redux - International ETFs Lag The U.S., Except For Japan
Moby Waller • Thu, May 16 • 7 Comments
BOJ Asset Purchases: Is Japan Sowing Seeds Of Next Asset Bubble
CFA Institute Contributors • Tue, May 14 • 2 Comments
Japan's Market Drama Continues To Amaze
Doug Short • Mon, May 13 • 2 Comments
Land Of The Rising Stock Market
Bespoke Investment Group • Tue, May 7
How To Identify Market Distortions Caused By The Fed
Matthew Claassen • Mon, May 6 • 59 Comments
Japanese Macroeconomics And Monetary Policy: Early May
Investometrica • Tue, Apr 30 • 5 Comments
Bank of Japan - Phony 'Divisions'
Pater Tenebrarum • Mon, Apr 29 • 1 Comment
Market Analysis: The Yen
Hale Stewart • Tue, Apr 9
Japanese Stocks Are In Play: Should You Follow?
Everyday Finance • Mon, Apr 8 • 1 Comment
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Mon, Apr 8 • 122 Comments
Are Bonds Signaling A New Bear Market? Keep An Eye On Japan
John Overstreet • Mon, Apr 8 • 20 Comments
Japan's Post-Bubble Market Rallies And Bond Yields
Doug Short • Fri, Apr 5 • 2 Comments
On The BoJ's Latest Move: Nothing To See Here Folks, Move Right Along
Scott Sumner • Thu, Apr 4 • 5 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Apr 4 • 54 Comments
World Markets Update: Big News From The U.S., Japan, China
Doug Short • Mon, Apr 1
Jim Rogers Favors Japan And Russia Over U.S. Stock ETFs
Gary Gordon • Thu, Mar 28 • 18 Comments
Nikkei 13,000? Why Not 36,000?
Cullen Roche • Fri, Mar 8 • 8 Comments

To learn more about Seeking Alpha Pro, click here.

Newcomer Precidian Launches Nikkei ETF
Michael Johnston • Thu, Jul 14, 2011

Week In FX Asia - Hot Money Booking Yen Profits
Dean Popplewell • Fri, May 24
Japan's Decline Is Elementary
Cullen Roche • Thu, May 23 • 11 Comments
Nikkei - Foreshadowing A Move In U.S. Markets?
Matthew Bradbard • Thu, May 23 • 3 Comments
Rising Sun Redux - International ETFs Lag The U.S., Except For Japan
Moby Waller • Thu, May 16 • 7 Comments
BOJ Asset Purchases: Is Japan Sowing Seeds Of Next Asset Bubble
CFA Institute Contributors • Tue, May 14 • 2 Comments
Japan's Market Drama Continues To Amaze
Doug Short • Mon, May 13 • 2 Comments
Land Of The Rising Stock Market
Bespoke Investment Group • Tue, May 7
How To Identify Market Distortions Caused By The Fed
Matthew Claassen • Mon, May 6 • 59 Comments
Japanese Macroeconomics And Monetary Policy: Early May
Investometrica • Tue, Apr 30 • 5 Comments
Bank of Japan - Phony 'Divisions'
Pater Tenebrarum • Mon, Apr 29 • 1 Comment
Market Analysis: The Yen
Hale Stewart • Tue, Apr 9
Japanese Stocks Are In Play: Should You Follow?
Everyday Finance • Mon, Apr 8 • 1 Comment
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Mon, Apr 8 • 122 Comments
Are Bonds Signaling A New Bear Market? Keep An Eye On Japan
John Overstreet • Mon, Apr 8 • 20 Comments
Japan's Post-Bubble Market Rallies And Bond Yields
Doug Short • Fri, Apr 5 • 2 Comments
On The BoJ's Latest Move: Nothing To See Here Folks, Move Right Along
Scott Sumner • Thu, Apr 4 • 5 Comments
Wall Street Breakfast: Must-Know News
Wall Street Breakfast • Thu, Apr 4 • 54 Comments
World Markets Update: Big News From The U.S., Japan, China
Doug Short • Mon, Apr 1
Jim Rogers Favors Japan And Russia Over U.S. Stock ETFs
Gary Gordon • Thu, Mar 28 • 18 Comments
Nikkei 13,000? Why Not 36,000?
Cullen Roche • Fri, Mar 8 • 8 Comments

There are no Transcripts on NKY.

There are no News articles on NKY.

NKY vs. ETF Alternatives

NKY Description

The MAXISSM Nikkei 225 Index ETF seeks to provide investments results that correspond generally to the price and yield performance, before fees and expenses, of publicity traded securities in the Japanese market, as measured by the Nikkei 225 index.
See more details on sponsor's website

Country: Japan

Key Info

In Your Portfolio: A Guide to International Equity ETFs
Asset Class Performance: Countries

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 24, 2:19 PM Soaring volatility on the Nikkei isn't stopping investors from scooping up options "with something approaching glee," according to SIG's derivatives team (for the uninitiated, higher vols mean higher options prices). Most of the buying in the Japan ETF space is in the form of calls as dip buyers do what they've become accustomed to doing. Two popular ones, EWJ and DXJ are off nearly 10% since Wed. afternoon. 2 Comments [Global & FX]
Friday, May 24, 3:08 AM Japanese shares end +0.6% following a volatile session in which stocks rose and fell by over 3% vs the close yesterday, when they slumped 7.3%. The plunge on Thursday was "just a speed bump" given this year's strong returns, says U.S. fund manager Audrey Kaplan. Improving economic conditions "will support the market going forward." Hong Kong flat, China +0.6%, India +0.3%. 2 Comments [Global & FX, Top Stories, On the Move]
Thursday, May 23, 9:07 PM A rebound in Tokyo sees the Nikkei (EWJ) gaining 3% in early action following yesterday's 7% dive. A weaker yen (FXY) is helping, dollar/yen gaining 0.4% to ¥102.37. 7 Comments [Global & FX]
Thursday, May 23, 4:42 AM Even Japanese stocks are subject to the law of gravity (who knew?) as a confluence of factors sends the Nikkei (EWJ, DXJ) plunging 7.3% on the session (the swing from intraday high to low was ~9%). Yields on JGB 10s (JGBL) spiked above 1% at one point as an already skittish and volatile market was further rattled by what have generally been perceived as hawkish comments out of Ben Bernanke and other Fed officials on Wednesday. Yields pulled back in late trading. Compounding the problem for Japanese stocks was the yen (FXY), which has strengthened some 2% against the dollar to 101.16 most recently. (See also: China HSBC flash PMI shows contraction) 8 Comments [Global & FX, On the Move]
Monday, May 20, 4:57 AM The Japanese economy is slowly improving, the government says, pointing to evidence that exports and factory output are beginning to show signs of life. The upgraded economic assessment is the first upbeat report in two months. Additionally, Reuters Tankan survey showed a sixth consecutive month of improving manufacturer sentiment in Japan, as exporters cheer the weak yen. The index printed at 7, the first positive read in more than a year. The country's Economics Minister says the stage is set for a "V-shaped recovery." The rosy outlook was enough to boost the Nikkei (EWJ, DXJ)) 1.47% on the session. Comment!
Thursday, May 16, 6:26 AM Unexpectedly weak capital spending marred an otherwise decent Japan GDP report, weighing on the Nikkei (EWJ, DXJ), which fell 0.39% but still held onto the 15,000 level. The yen (FXY) was firm against the dollar for most of session, trading around ¥102, but has since lost ground, falling 0.40% to ¥102.60. Comment!
Wednesday, May 15, 3:26 PM The Japanese bull market is too big of a deal to try and get cute, says Jeff Gundlach (video), advising not to try and time a market up 66% in 6 months. If QE is your reason for owning U.S. stocks, he says, why not pile into Japan (EWJ) where the asset purchase program is far larger? Maybe as leveraged as anything to the Japanese bull market is American ETF provider WisdomTree (WETF +3.5%), more than doubling this year as its hedged Japan equity fund (DXJ) reels in billions in assets. 4 Comments [Global & FX]
Wednesday, May 15, 7:32 AM The Nikkei (EWJ, DXJ) soared another 2.3% overnight to top 15K for the first time since 2007 as the yen (FXY) slid 0.3% to a new multi-year low of ¥102.65. Leading was Sony (SNE), up 10% following Dan Loeb's push for a breakup. Toyota (TM) paced the exporters with a 3.7% gain. JGBs (JGBL) were calm, the yield on the 10-year flat at 0.86%. 4 Comments [Global & FX, On the Move]
Tuesday, May 14, 7:21 AM An early look at the BAML May fund manager survey shows hedge fund equity exposure (VTI) at the highest in 7 years, +45%. Commodity exposure (DBC) is a negative 29%. Cash is at 4.3%. Sectors: It's a record-low exposure to energy (XLE) at -17%. Japan (EWJ, DXJ) at +31% is the highest in 7 years. 1 Comment
Monday, May 13, 4:56 AM The yen (FXY) continues its slide , falling to a new four-and-a-half year low against the dollar, helping the Nikkei (NKY) post another triple-digit gain on the session, rising 1.2% to 14782, its highest level since January 2008. The weak yen comes on the heels of the G7's reportedly amicable meeting over the weekend, at which officials were generally supportive of the BOJ's policies and reiterated that Japan's goal is to fight deflation not engage in the targeting of exchange rates. 4 Comments [Global & FX]
Sunday, May 12, 9:49 PM In Japan, the Nikkei (NKY) scales yet another new five-year high, rising 1.39% ahead of key Chinese economic data. Comment!
Wednesday, May 8, 4:33 AM Fears that flagging demand in the U.S. and Europe would weigh heavily on China's trade data didn't play out, as exports grew 14.7% in April, helping the country swing to a surplus of $18.16B after posting a slight deficit in March. The data surprised analysts, even as some say the numbers may be inflated: "This probably reflects some overinvoicing [as] it was inconsistent with cargo volumes," one economist tells WSJ. Nevertheless, the data serves to buoy regional markets as the Nikkei (NKY) continues its ascent in Japan, rising 0.74% to yet another new five-year record high. Comment! [Global & FX]
Tuesday, May 7, 4:37 AM In Japan, stocks (EWJ) come off a long weekend well-rested and promptly rally to near five-year highs as the Nikkei surges 3.55% on the back of Friday's strong U.S. jobs data. Meanwhile, Australia's central bank cut rates by 25 basis points, sending the aussie (FXA) down 0.6% to two month lows against the dollar. 5 Comments
Monday, April 22, 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. 3 Comments [Global & FX]
Tuesday, April 16, 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. Comment! [Global & FX]
Tuesday, April 16, 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. Comment! [Global & FX, On the Move]

The Financial Lexicon
$EWJ, $DXJ, $NKY, Japan goes all-in on money printing. Should it be rated AAA or D? My article on the subject: http://bit.ly/14JAX8l
Apr 5, 10:55 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Ron Myers
600 yen meal voucher? Can only buy 1 beer with that $DAL cutting costs and Abe easing hard $EWJ $NKY $SNE
12/31/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Michael A. Gayed
Rather amazing how inflation targeting by the BoJ pushed the Nikkei (EWJ/NKY) up so strongly isnt it?
3/2/12
Reply (2)

• !Report Abuse
View all 2 replies
jdub2788: When does inflation turn into a bad thing?
3/2/12
• !Report Abuse
Josh Krause: Kikkei up in nominal Yen related numbers. It's not going to do so hot against the dollar.
3/2/12
• !Report Abuse
Add a reply...

140 characters

LATEST REPLIES

Michael A. Gayed
Rather amazing how inflation targeting by the BoJ pushed the Nikkei (EWJ/NKY) up so strongly isnt it?
3/2/12
Reply (2)

• !Report Abuse
View all 2 replies
jdub2788: When does inflation turn into a bad thing?
3/2/12
• !Report Abuse
Josh Krause: Kikkei up in nominal Yen related numbers. It's not going to do so hot against the dollar.
3/2/12
• !Report Abuse
Add a reply...

140 characters

NKY Precidian MAXIS Nikkei 225 Index ETF

NKY

Precidian MAXIS Nikkei 225 Index ETF