DFJ News and Press, WisdomTree Japan SmallCap Fund From 11/16/22

Summary The era of cheap money and low inflation is over. We see an opportune time for active equity managers to shine. We believe the recent correction is more than just another crank of the economic cycle. Not all earnings are created equal. We find the gap between companies...

Summary Import costs have skyrocketed as the yen has fallen to historic lows versus the dollar and the yuan. The United States and China are Japan’s two largest exporters, and Japanese households are bearing the brunt of the impact. While Japanese consumers are plagued by s...

Summary We are in a landscape of divergences and potential pivots. The capacity to absorb structurally higher rates is likely to be key over the next year or two. We think the volatility generated by pivots can continue to offer a favorable backdrop to global macro and other t...

Summary After a round of soft inflation data triggered a buy-everything relief rally, Wall Street will focus on Fed speak and a plethora of data points that might show the economy remains resilient. It’s a relatively quiet week for the EU with the two standout economic rele...

Summary Global climate adjustment is falling behind in meeting the targets of limiting temperature rise to below 2 degrees Celsius and reaching net-zero emissions by 2050. Developing economies vulnerable to climate change are likely to undertake concerted calls for "loss and damag...

Summary The US October CPI is the most critical data point in the week ahead. The November CPI will be reported the day before the FOMC meets again on December 14. The other report, the US monthly federal deficit, gets little attention from the market. There are th...

Summary October’s greatest mover was the UK 10-year Gilt mid-yield, which ended the month 55 basis points lower at 3.52%, after closing at a 14-year high of 4.49% on October 10. The U.S. 10-year Treasury note ended October with a yield of 4.08%, a 27-basis point increase fr...

Summary Considering the strategic fundamentals, the MSCI EM index is essentially a bet on the future prospects of Asia’s largest economies. Over the past 30 years, the S&P 500 has returned more than three times as much as the emerging markets index for a US-based invest...

Summary This week will be massive for markets as investors closely watch to see how inflation moderates. In addition to the inflation report and the midterm election, traders will also closely monitor the preliminary University of Michigan Survey. A quiet week as far as upper-...

Summary The global manufacturing PMI survey's Output Index signalled a third successive monthly drop in worldwide factory production in October. Of the 31 economies for which S&P Global PMI data are available for October, some 21 reported falling production, which was also the...