Best ETF (Low Volume) db X-Trackers MSCI Japan Hedged Equity Fund
Here we head to the land of the rising sun with the db X-Trackers MSCI Japan Hedged Equity Fund (NYSE:DBJP), which is benefiting from Japan’s move to devalue its currency to extricate itself from deflation, an economic hardship that’s gripped the country for two decades. The 20% reduction in the value of the yen vs. the U.S. dollar has been a boon to both export manufacturers and the markets.
Considering China and other countries around the world are protesting Japan’s intentional devaluation or at least what they perceive to be intentional, it’s unlikely that we can expect similar results in the next three quarters. Nonetheless, it’s been a long time since Japanese stocks were lighting it up.