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Kei Okamura, Neuberger Berman SVP and Japanese equities portfolio manager, joins 'Squawk on the Street' to discuss whether buying Japanese stocks is still the hottest trade, where interest rates in Japan go from here, and much more.
By end-April 2024, Japanese equities had outperformed the FTSE All-World index over 12 months and in the year to date. Japan has undertaken significant structural corporate reforms in recent years.
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.