ATEYY - Now Showing: Seven Samurai (2024)
2024-05-15 03:30:00 ET
Summary
- Goldman Sachs recently identified another basket of stocks, the “Seven Samurai,” which includes seven Japanese companies that have contributed significantly to equity returns in the domestic market.
- The Seven Samurai delivered a cumulative return of 137% over the past three years, outperforming the Magnificent Seven basket of American tech giants.
- The Seven Samurai companies make up approximately 13% of the WisdomTree Japan Hedged Equity Index, which focuses on Japanese equities that derive at least 20% of their revenues from outside Japan and hedges against negative yen-dollar exchange rate movements.
- The weakening of the yen relative to the U.S. dollar over the past three years has enhanced the returns of the WisdomTree Japan Hedged Equity Index, as hedging the yen and the exposure to export-oriented companies with increased revenues from a weaker yen have contributed to the Index’s enhanced returns.
By Hyun Kang
Catchy monikers for high-performing stock baskets aren’t going away any time soon....
Now Showing: Seven Samurai (2024)