ETF Overview
The iShares MSCI Japan ETF (EWJ) owns a portfolio of Japanese stocks. The ETF basically tracks the performance of the MSCI Japan Index. This fund has high exposure to cyclical sectors that generally do not do well in an economic downturn. Japan’s economy is also heading for a slowdown, as indicated by the declining manufacturing PMI and consumer confidence index. Therefore, we think investors may want to stay on the sidelines until there is better visibility.
Data by YCharts
Fund Analysis
EWJ has high exposure to cyclical sectors
EWJ has a