EWJV - EWJV: Japanese Value Stocks Are An Excellent Diversifier For Global Equity Investors
- EWJV invests in Japanese stocks that trade at relatively low valuations.
- While the underlying return on equity in EWJV's portfolio is not high, current valuations are very low.
- The implied cost of equity could be 12%, possibly more, which is likely far too high for a developed-world equity market like Japan.
- EWJV looks like a very attractive hedge against pricier equity markets elsewhere, including the United States, especially for more risk-averse global equity investors.
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EWJV: Japanese Value Stocks Are An Excellent Diversifier For Global Equity Investors