FLJP - DXJ: A Currency-Hedged Allocation To Japan

2024-02-08 06:15:18 ET

Summary

• WisdomTree Japan Hedged Equity Fund provides exposure to dividend-paying Japanese equities, with a tilt towards exporters.
• We think Japan is currently the place to be for a non-U.S. equity allocation as domestic spending is on an uptrend after pandemic-era savings and a resurgence in tourism.
• The Japanese government has bolstered its efforts to attract more investors by encouraging companies of listed shares to improve corporate governance and capital efficiency.
• DXJ has led the pack in its category for returns over the last five years.
• However, its shares seem a bit inflated right now, so I’m giving DXJ a “hold” rating.

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