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iShares MSCI Japan ETF is the largest Japanese-focused ETF in the market with over $16.5bn in AUM. Japan's Q1 GDP which came out today, was worse than expected, with private consumption, which accounts for half the economy struggling to take off. EWJ is dominated by large industrial stocks, and the underlying conditions for these entities don't look too bright.
April was a relatively quiet month for ETFs across the board. U.S. equity inflows took a breather.
Ken Wong, portfolio specialist at Eastspring Investments, says that Japanese large caps "have run up quite a bit" but the market's mid and small caps are attractive. He also discusses the outlook for Chinese stocks on Bloomberg Television.
By Christopher Gannatti, CFA Global Head of Research Key Takeaways Japan's equity market reached a 35-year record high in the first quarter of 2024, driven by the weakness of the yen against the U.S. dollar.
Overall, ETFs pulled in $20.6 billion in capital last month, taking year-to-date inflows to $196.4 billion.
For Japanese stock bulls betting on another leg higher in the record-breaking rally, the spring season is on their side. In the past three decades the nation's equities have done the best in the April-June period.
Hello! This is MarketWatch reporter Isabel Wang bringing you this week's ETF Wrap. In this week's edition, we look at one of the currency-hedged Japan ETFs, which reached its all-time high on Thursday as the yen weakened after the Bank of Japan's historic interest-rate shift.
The Nikkei 225 index hit a record closing high this month, marking a roughly five-fold gain from when it hit bottom in 2009.
Japanese equity market has caught foreign investor attention as it approaches and beats its 1989 top.
The Nikkei has hit record highs for the first time in 34 years, despite Japan being in a recession. The sustained weakness of the Yen and the reasonable expectation that it will continue has been a major contributor for its automotive-dominated markets. More forceful corporate governance reforms in Japan are also driving the market's highs, with companies adopting better capital allocation policies as a result.