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Another QE Catalyst For Yen Hedged ETFs Could Be Lurking

Benzinga.com
0 Comments| August 13, 2015

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Up until 2013, the iShares MSCI Japan ETF (NYSE: EWJ) was the household name among Japan exchange traded funds. Then along came Prime Minister Shinzo Abe, Bank of Japan Governor Haruhiko Kuroda and their weak yen policies aimed at bolstering Asia's second-largest economy.

Now, it is fair to say that in terms of brand recognition, the WisdomTree Japan Hedged Equity Fund (NYSE: DXJ) is the Coca-Cola of Japan ETFs. The Deutsche X-trackers MSCI Japan Hedged Equity ETF (NYSE: DBJP) is no slouch, either. A few years ago, DBJP was nearly unheard hear of among Japan ETFs. Today, it is a $1.3 billion ETF. And it has taken the iShares Currency Hedged MSCI Japan ETF (NYSE: HEWJ) less than 20 months of trading to amass more than $865 million in assets.

BOJ has engaged in one of the largest quantitative easing schemes of any central bank. The central bank's current asset-purchasing program is valued at 80 trillion yen and Japan's interest rates are zero percent, or by the ...

/www.benzinga.com/trading-ideas/long-ideas/15/08/5764173/another-qe-catalyst-for-yen-hedged-etfs-could-be-lurking alt=Another QE Catalyst For Yen Hedged ETFs Could Be Lurking>Full story available on Benzinga.com

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